HIT Infrastructure June 24, 2019
The medical technology industry is increasingly focused on patient safety, monitoring, engagement, and care coordination, according to a new report by Frost & Sullivan.
The medical technology industry is increasingly focused on patient safety, monitoring, engagement, and care coordination, according to a new report by Frost & Sullivan.
The business consulting firm estimates that the growth segments of the medical technology industry will see a combined incremental value of $64.1 billion in 2019, above the $413.9 billion traditional market size.
The firm forecasts the longer-term growth opportunity to be $173 billion by 2024, with a robust compound annual growth rate (CAGR) of 22.0 percent, compared to the traditional market, which is estimated to slow down from the current 5.8 percent...
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