Medical Economics November 26, 2024
With the majority of devices manufactured outside the U.S., any increase in tariffs is likely to drive up health care costs
President-elect Donald Trump has vowed to impose tariffs on imported goods as soon as he takes office, but these tariffs will affect the prices of approximately 75% of available U.S.-marketed medical devices, which are manufactured out of the country, according to experts. More specifically, the move will affect the 69% of available US-marketed devices that are manufactured solely outside of the U.S., according to Medsource Database, which collates data on the medical device supply chain, and by GlobalData, a data and analytics company.
GlobalData estimates that the U.S. medical equipment market was worth $197.8 billion in 2023 and is...
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