Trade Resources Industry Views 10 Medical Technologies with Significant Growth Potential Are Valued at $454.3 Billion

10 Medical Technologies with Significant Growth Potential Are Valued at $454.3 Billion

A recent research report cites 10 medical device technologies with significant growth potential that are valued at roughly $454.3 billion. The technologies include:

1.  Diagnostic imaging, including nuclear imaging, interventional radiology, and capsule endoscopy.
2.  Drug-delivery technologies.
3.  Molecular diagnostics, which spans nanotechnology breakthroughs and proteomics.
4.  Mobility-assistiance technologies.
5.  Technology for minimally invasive surgery.
6.  Microfluidics and MEMS.
7.  Non-invasive monitoring (continuous blood glucose monitoring)
8.  Biomaterials (including antimicrobial woundcare technologies and orthopedic materials).
9.  Bio-active implants such as neurostimulation devices.
0.  Telemedicine

Out of this, approximately two-fifths ($177.8 billion) of this market comes from technologies for medical diagnostics. Drug-delivery devices comprise approximately $110.8 billion of the total market. The study covers the healthcare market from March of 2009 to March of 2014.

The fastest-growing medical device fields include biomaterials, telemedicine technologies, MEMS, microfluidics, and mobility-aid technologies. Out of these, biomaterials have the strongest potential for growth due to their larger market share. As of 2009, the total value of the biomaterials market was $46.6 billion. By 2014, this market is forecasted to increase to $85.5 billion. In the biomaterials market, antimicrobial wound dressing is the fastest growing segment. In 2009, antimicrobial wound dressings had an estimated market cap of $330 million. By next year, this is predicted to grow to $780 million.

In the healthcare industry, IT integration of medical devices and imaging technologies has led to a significant growth as well.

Source: http://www.qmed.com/news/10-medical-technologies-high-growth-potential
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10 Medical Technologies with High Growth Potential