Medical Technology

Seven global medical technology trends to look out for in 2017

Healthcare is one of the world’s largest industries. Globally, the size of the healthcare market can be estimated to be between five trillion to six trillion dollars. Three trillion, or over half of which is spent in the United States, meaning that just 5% of the world’s population accounts for over 50% of the world’s total health bill. To further compound the impact of healthcare on the US economy, it is well known that the US spends anywhere between 16 to 18% of its GDP on healthcare, which is over twice what most developed countries spend.

Source: World Economic Forum

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