Mississauga, ON -- (SBWIRE) -- 12/08/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "AdvanSource Biomaterials Announces Multi-Year Supply Agreement, Shares Near 52 Week High."
Companies mentioned in this article include AdvanSource Biomaterials Corporation (OTCQB:ASNB).
The U.S. remains the biggest market for makers of medical devices even though in recent years many have shifted focus to emerging markets. According to data from the U.S. Commerce Department, the medical devices market is expected to reach $133 billion by the end of 2016.
In the U.S. there are an estimated 6,500 medical device companies. Many of these companies though are small. According to Commerce Department data, over 80% of medical device companies in the U.S. have fewer than 50 employees. In fact many of the companies are still in development stage. However, U.S. based medical device companies have a very good reputation globally. The Commerce Department notes that U.S.-based medical device companies are globally renowned for their innovations and high tech products. The U.S. also sees significant investment in the sector compared to other countries.
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