A New Record for Medical Device
I am not surprised that the medical device sector grew exponentially last year. Medical device, medical equipment, capital equipment and medical technology companies were up to $413B from the $329B achievement of 2017. That’s 20% over the
11% growth of 2017. All but nine of our Top 50 companies experienced a revenue
increase from 2017.
And this is at a time when the sector is more diverse than it has ever been. Consider
the following list of medtech advances predicted for this year. There are now smart
inhalers, which are anticipated to significantly increase proper usage among asthma
patients. Wireless brain sensors with bioresorbable electronics will dissolve in the body after they have
served their purpose. Of course, 3D printing will continue to prove its value in helping to build implants
and joints, develop more patient-specific functionality in prosthetics, and “print” pills that contain mul-
tiple drugs to help release them in a timely manner.
Further improving the usefulness of 3D printing, artificial organs are gaining a purchase in the industry.
We can now create blood vessels, ovaries and even a pancreas in the laboratory – organs that can actually grow within the body. Wearables also continue to be a major category, tracking and sending data on
vital signs. As we’ve noted in these pages, precision medicine is emerging, making personalization more
effective in diseases such as cancer (see our interview in this issue with Raj Garg, former CEO of Cancer
Treatment Centers of America).
It’s this kind of progress that has driven the size of the medtech sector, even during a slow period for
acquisition activity. It’s one more inspiration that adds to the many reasons noted in “Why I Work in
And as always, please keep the feedback coming. It all goes to making the magazine better for all of us.
Cari Kraft, Publisher
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