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Medical Device Market

SpecialChem / Jan 29, 2007

The medical device industry is making important contributions to advances in healthcare.One of the interesting aspects of research and development within the medical devices field is the coupling of diverse biomedical and engineering disciplines. The medical devices industry involves the input of companies within the plastics and other advanced materials fields as well as microelectronics, software, telecommunications and biopharmaceutical. The global medical device industry market is large, complex, and fragmented. Estimates of the value of the global market depend on the interpretation of the term 'medical device' as it can be applied to a wide range of products. It has been suggested that the global market is comprised of about 8,000 types of medical devices, ranging from simple bandages and spectacles, through life maintaining implantable devices, equipment to screen and diagnose disease and health conditions, to the most sophisticated diagnostic imaging and minimally invasive surgery equipment.

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