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TMCNet:  Research and Markets: The Medical Device Market: USA- 2014 Report

[February 06, 2014]

Research and Markets: The Medical Device Market: USA- 2014 Report

DUBLIN --(Business Wire)--

Research and Markets (http://www.researchandmarkets.com/research/6cg425/the_medical) has announced the addition of the "The Medical Device Market: USA" report to their offering.

At an estimated US$127.1bn in 2013, the US medical device market is the world's largest. Per capita expenditure, at US$399, is the highest in the world.

Much of the market is in private hands; there is no single health system. Public healthcare systems, known as Medicaid, for those on low incomes, are operated by each State. Since 1960, the Medicare system has provided hospital care for the elderly; this has also provided prescription drug coverage since 2006.

President Obama succeeded in signing his healthcare reform bill into law on 23rd March 2010. The bill, formally called the Patient Protection and Affordable Care Act (PPACA) HR 3590, will eventually extend health insurance cover to an estimated 32mn Americans who do not have any form of health insurance.

The PPACA requires all States to create new health insurance markets called exchanges, so that people who do not have insurance can buy tax-payer subsidised private cover. The law also expands eligiblity for Medicaid so low-income adults who have no dependent children can get government insurance. Putting the two approaches together, more than 30mn Americans are expected to gain coverage by January 2014. At the end of June 2012, the Supreme Court upheld the entire law in a 5-to-4 decision which deemed that the mandate was constitutional under the taxing authority afforded to the federal


government.

The USA is home to many of the world's leading medical device manufacturers, such as Johnson & Johnson, General Electric, Baxter, Covidien and Medtronic. Seven out of the world's top ten medical device manufacturers are US companies.

This highly-regarded world medical technology and device market research report provides enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:

  • Unique projected estimates of market size and growth for 33 equipment categories
  • Five year statistical data for key economic and healthcare indicators
  • Information on regulation, distribution and market access, including Espicom's unique distributor directory
  • Detailed Medical trade data
  • Data on leading local/multinational medical equipment players in the market

Reasons To Buy

  • Evaluate the potential of the market
  • Assess risks and opportunities on the basis of knowledge
  • Profile the market for new product, licences or collaborations
  • Understand the operating and regulatory environment
  • Gain a complete picture on health expenditure and infrastructure
  • Review the competitive environment

Companies Mentioned

  • Baxter International
  • Becton Dickinson
  • Boston Scientific
  • Covidien (formerly Tyco Healthcare)
  • GE Healthcare
  • Johnson & Johnson
  • Medtronic
  • St. Jude Medical
  • Stryker
  • Zimmer

For more information visit http://www.researchandmarkets.com/research/6cg425/the_medical

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products.


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