BY THE NUMBERS
The Point of Care Diagnostic market will add
$10B in 4 years. The Point of Care Diagnostics
Market will Reach $17.2 billion in 2014 according
to New Visiongain Report and grow to $27.5B
according to MarketsandMarkets.com.
Visiongain – The Point of Care Diagnostics
Market Forecast 2014-2024: Prospects
for Leading Companies, April 2014;
MarketsandMarkets.com – Point of Care
Diagnostics Market, March 2014
MEDTECH ACQUISI TIONS ON THE RISE
The combined value of medtech acquisitions
reached $27.2 billion during the first half of the
year, surpassing the full-year total of 2013 by
more than 40%. The FDA awarded 17 first-time
PMAs in the first half of 2014, nearly double the
nine awarded in the first half 2013. Moreover, the
devices have been assessed almost twice as fast as
the same period last year.
EPVantage, Med Tech Half Year Review, August 2014
THE MONEY IS FLOWING
Second Quarter venture capital funding jumped to a five-quarter high
with 161 deals worth $2.71 billion. Medical Devices comprised the lion’s
share of healthcare venture capital funding in the second quarter,
accounting for 36% of overall deals close to $1 billion.
CB Insights- Q2 2014 Venture Capital Activity and Exit Report (July 2014)
POC MARKET TO ADD
The top 9 orthopedic companies dominate industry sales with over 75% total
market share. The Orthopaedic Industry Annual Report registers 2013 product
sales exceeding $44B.
Orthoworld.com- The Orthopaedic Industry Annual Report (May 2014)