With a forecasted growth rate of 4.5 percent each year between 2012 and 2018, the medical device and diagnostics sales will be as high as $ 455 billion by 2018 according to the report EvaluateMedTech World Preview 2013, Outlook to 2018 published by the market intelligence company Evaluate. In-vitro diagnostics is expected to be the largest medtech segment in 2018, with sales of $58.8 billion, followed by cardiology ($48.7 billion) and diagnostic imaging ($45.1 billion).
We have selected three infograhics that resume medtech market situation in Europe, Latin America and the US. The situation is different depending on the region. The European Union has a positive outlook for the medtech market. So does Latin America, where the medical device market is worth $10.5 billion and still growing. In the US, changing regulations for medical devices will inhibit growth, but revenue will remain stable. By 2016 the medical device market is projected to reach $134 billion. A significant contribution to this will be the U.S. Orthopedic market, which is was estimated at roughly $15.5 billion in 2011, equal to 14.6% of the total market.