The Medical device industry has witnessed explosive growth in recent years.
the global market was worth $266.0bn in 2011. Much of this growth is linked to
the rising prevalence of a number of diseases worldwide; most notably in cardiac
and neurological systems. After the negative effects the recession had on
healthcare budgets in 2009, the medical device industry began to recover owing
to patient demographics, physician adoption and patient demand. The medical
device industry is one of the largest and fastest growing areas of the medical
and pharmaceutical industries.
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