The Global Medical Device Market Is Expected to Reach $409.5 Billion by 2023
According to a new market report published by Lucintel, the future of the global medical device market looks good with opportunities in public and private hospitals. The global medical device market is expected to reach an estimated $409.5 billion by 2023, and it is forecast to grow at a CAGR of 4.5% from 2018 to 2023. The major drivers for the growth of this market are healthcare expenditure, technological development, aging population, and chronic diseases.
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