Motion Control Resources
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Analyst Agree: Medical Equipment Market Poised for Growth
by Scott Depenbrok, President
Motion Solutions Posted 04/19/2019
Driven by changing population demographics worldwide, the medical equipment market is on the rise. Several different analysts predict increasing sales, with estimated compound annual growth rates (CAGRs) ranging from 4.5% to 6.3%. Those numbers aren’t huge but they are steady, and in a market that is already worth hundreds of billions of dollars, it doesn’t take enormous growth to create healthy opportunities for players across the industry. At Motion Solutions, we have many customers in the medical diagnostics and medical therapeutics markets. We consider it our responsibility to ensure that we are able to meet their needs for engineered solutions, whether in the form of engineering services or manufacturing, designed and built in our ISO 13485-certified facility.
From the time they were children, the post-World War II baby boom generation changed the way the world works. They triggered massive infrastructure spending in education, demonstrated the effect of teenage buying power and young-adult political power, then brought their influence into the sphere of work and family. Now, as they move into retirement and beyond, their effect continues. In part as a result of this graying population worldwide, chronic diseases are on the rise. . .
View the entire blog on the Motion Solutions website!