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MarketsandMarkets: Top Ten Medical Device Technologies Market Worth $454.3 Billion by 2014
Date:8/25/2009

WILMINGTON, Delaware, August 25 /PRNewswire/ -- According to a new healthcare market research report 'Global Top Ten Medical Device Technologies Market (2009 - 2014)', published by MarketsandMarkets (http://www.marketsandmarkets.com) in 2009, the entire market for top ten medical device technologies is estimated to be approximately $454.3 billion, of which medical diagnostic devices technologies alone constitute about 40% of the entire market at approximately $177.8 billion. The market for drug delivery devices constituted an estimated $110.8 billion for the same period.

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Scientific and medical technology breakthroughs - such as minimally invasive surgery (MIS) - have accelerated the accuracy of clinical outcomes and have also reduced recovery times and the medical costs borne by patients.

With the increased collaboration and integration between different technologies such as IT, pharmaceutical, medical imaging and medical devices, the healthcare industry is witnessing better clinical outcomes, a trend that is apparent in the market growth of proteomics, drug eluting stents and telemedicine technologies.

Mobility aid technologies, micro-fluids and MEMS, tele-medicines and biomaterials are the fastest-growing medical device technologies at CAGRs of
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