The medical equipment industry has been capitalizing on technological innovation and increased investments from the public and private sectors. Medical device manufacturers are adopting digital trends to improve their operational efficiency at lower costs, thereby providing greater value to customers.
According to a report by Grand View Research, the U.S. medical device manufacturers market is projected to reach $262.40 billion by 2028, growing at a 5% CAGR. The increasing prevalence of chronic diseases and a growing, elderly population are the main market drivers.
