Global Medical Device Market to Grow at 6.2% Annually Until 2018

Spinal Tech

The global medical device market is expected to grow at a rate of 6.2 percent annually from 2014 to 2018, according to a report released by Market Research Reports.

Between 2007 and 2013 the market increased with an average annual growth of 7 percent. Currently, electro-diagnostic devices account for 12.7 percent of the global demand, while orthopedic and fracture devices account for 7.9 percent of the global market share. China, Germany, Italy, Japan and United States represent the largest medical device markets.

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