Top 5 Medical Device Industry Trends to Plan for in 2020
The world of medical device manufacturing will be a thrilling and challenging space in 2020 as record-breaking revenues, ever-changing regulatory conditions, technology innovations and promising new market opportunities collide. The industry grew at a record 7% clip in 20191 — a nine-year high — and total global revenues are expected to reach $483.4 billion in 2020.
This article will look at some of the trends anticipated to make a substantial impact on the medtech sector in 2020 and offers suggestions about how manufacturers can best position themselves to roll with and benefit from those changes.