The
report " The Medical Device Market: USA ", has been
prepared based on an in-depth market analysis with inputs from
industry experts.
OVERVIEW
OF THE MEDICAL MARKET IN THE USA
At
an estimated US$127.1bn in 2013, the US
Medical Device Market
is the world's largest. Per capita expenditure, at US$399, is the
highest in the world.
Much
of the market is in private hands; there is no single health system.
Public healthcare systems, known as Medicaid, for those on low
incomes, are operated by each State. Since 1960, the Medicare system
has provided hospital care for the elderly; this has also provided
prescription drug coverage since 2006.
President
Obama succeeded in signing his healthcare reform bill into law on
23rd March 2010. The bill, formally called the Patient Protection and
Affordable Care Act (PPACA) HR 3590, will eventually extend health
insurance cover to an estimated 32mn Americans who do not have any
form of health insurance.
The
PPACA requires all States to create new health insurance markets
called exchanges, so that people who do not have insurance can buy
tax-payer subsidised private cover. The law also expands eligibility
for Medicaid so low-income adults who have no dependent children can
get government insurance. Putting the two approaches together, more
than 30mn Americans are expected to gain coverage by January 2014. At
the end of June 2012, the Supreme Court upheld the entire law in a
5-to-4 decision which deemed that the mandate was constitutional
under the taxing authority afforded to the federal
government.
The
USA is home to many of the world's leading medical device
manufacturers, such as Johnson & Johnson, General Electric,
Baxter, Covidien and Medtronic. Seven out of the world's top ten
medical device manufacturers are US companies.
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PROVIDING
STRATEGIC MARKET ANALYSIS EVERY MONTH
Espicom's
highly-regarded world medical technology and device market research
reports provide enhanced strategic intelligence in a user-friendly
format. Each report provides in-depth information, setting the
medical equipment market in context. The reports provide:
- Unique projected estimates of market size and growth for 33 equipment
categories
- Five year statistical data for key economic and healthcare indicators
- Information on regulation, distribution and market access
- Detailed Medical trade data
- Data on leading local/multinational medical equipment players in the market
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Table
of Contents
Espicom
Industry View7
SWOT9
Medical
Device Market9
Political10
Economic11
Business
Environment12
Industry
Forecast13
Medical
Device Market Forecast13
2008-2013
Performance13
2013-2018
Performance14
Table:
Projected Medical Device Market, 2013-201815
Table:
Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)16
Consumables
Market Forecast19
Bandages
& Dressings20
Suturing
Materials20
Syringes,
Needles & Catheters20
Other
Consumables20
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