Medical Device Market Looks to Innovations to Counter Cost Cuts: Kalorama
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/15/12 -- Global medical device makers boosted research and development in an effort to combat threatened reimbursement cuts last year, according to Kalorama Information. The found that the world grew to $322 billion, with sales growth of five percent mostly the result of product innovations and sales to emerging markets. The industry will face challenges in the coming years with a series of austerity programs in major world healthcare systems, according to Kalorama Information's report, "."
"2011 was a year of cost control," said Bruce Carlson, Publisher of Kalorama Information. "Governments implemented policies unfavorable to and hospitals took steps to reduce device pricing. These trends are likely to continue."
The is diverse, covering a wide range of products from disposables to surgical instruments, to complicated imaging systems. Top companies such as GE Healthcare, Johnson & Johnson, Medtronic, Cardinal Health, Boston Scientific, Stryker, 3M and Becton Dickinson compete in this market, along with hundreds of smaller concerns. In 2011, Kalorama Information found variances in results between regions of the world and also between companies. The report noted that despite broad growth in the market, prominent companies such as Johnson & Johnson, Medtronic and Siemens were among those seeing lower revenue growth than the overall market in 2011.
However, the report indicated that device companies took steps to counter the challenges last year. Most major device companies boosted R&D spending levels from 2010 in order to be able to produce new products and innovate on existing lines, enabling better price leverage in the future.
"Our list of bellwether companies boosted R&D spending eight percent on average," Carlson said. "It's an indication of long-term optimism and a signal that the strategy is to find new products and product innovations in order to get around the lower reimbursements."
Kalorama Information's report, "," includes profiles of companies in the industry, market sizing, forecasts and regional breakouts of the world device market, products in development and much more information.
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on , and our .
Please direct all media inquiries to:
Bruce Carlson
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 15.05.2012 - 19:11 Uhr
Sprache: Deutsch
News-ID 146879
Anzahl Zeichen: 0
contact information:
Town:
NEW YORK, NY
Kategorie:
Healthcare
Diese Pressemitteilung wurde bisher 275 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Medical Device Market Looks to Innovations to Counter Cost Cuts: Kalorama"
steht unter der journalistisch-redaktionellen Verantwortung von
Kalorama Information (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
