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Healthy Growth – Industry Outlook on Medical Device Manufacturing

  • 21 November 2018
  • cre8
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  The healthcare industry is completely reliant on the manufacturing of Medical Devices. Being slightly more vulnerable to economic fluctuations, the Medical Device industry is largely protected by revenue unpredictability due to its expensive nature. The Medical Device industry has been in decline since 2013. In the time span of 2013-2018 the industry suffered a -1.3% decline. In despite its downward trend the Medical Device industry is forecasting a +3.0% slope in the upcoming years ranging from 2018-2023. Factors that…