Industry Analysis & Industry Trends
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Demand for venous access devices will remain strong over the next five years, as an increasingly aging population requires medical treatment for kidney failure and cancer. Companies will consolidate, supporting this growth, with smaller firms benefiting from greater R&D budgets. Over the next five years, manufacturers will continue to invest in innovation and new products to target complicated needs.... purchase to read more
Industry Report - Industry Analysis Chapter
The Venous Access Device Manufacturing industry has been resilient to economic downturns. The recession negatively influenced spending on medical supplies and instruments, but the industry maintained sales growth in 2008 and 2009. From 2010 to 2011, revenue is expected to rise 5.3% to $3.3 billion, indicating continued recovery as hospitals restock supplies and attend to more patients who are able to afford healthcare services again. During the five years to 2011, IBISWorld estimates revenue will increase at an average annual rate of 3.6%, despite headwinds from threatened declines to government reimbursement, healthcare reform and an economic downturn... purchase to read more