Surgical and infection control, cardiovascular and home healthcare trends will help the global medical device market reach an estimated $342.9 billion by 2021, showing a 4.6% Compound Annual Growth Rate from 2016 to 2021.
Major growth drivers include greater healthcare expenditure, increasing health awareness and an aging population.Emerging trends, which have a direct impact on the dynamics of the industry, include design and manufacturing of portable and smaller devices and increasing usage of software as a differentiator in medical devices.
