The Medical Device market rings in at $45B.
The Medical Device market has an annual
growth of 5.8%, with 45B spread over 863
businesses employing 87,742.
Source: IBISWorld, Medical Device Manufacturing
in the US: Market Research Report, January 2016
MSL Teams are growing.
MSL teams are growing with 36% of surveyed companies
planning to increase the size of their MSL teams.
Source: Cutting Edge, “Medical Affairs Management:
Igniting Innovative Global Strategies”, 2015
US Drug Spending is almost ½ a trillion.
ASPE estimates that prescription drug spending in the
United States was about $457 billion in 2015, or 16. 7
percent of overall personal health care services. Of that
$457 billion, $328 billion (71.9 percent) was for retail drugs
and $128 billion ( 28.1 percent) was for non-retail drugs.
Source: Department of Health and Human Services,
“Observations on Trends in Prescription Drug Spending,
Increase in Total Revenue for the Top
50 biotech companies.
Over $10B in revenue was added as the
top 50 crossed over $68B in 2015.
Source: Healthcare Sales and Marketing
“Top 50 Biotech Companies”, www.
Compiled by Cari kraft, Jacobs Management group, Inc.
By THE NuMBERS