Optimal Data Analysis In Medical Device Trials

 By Comprehend

The United States is the acknowledged world leader in medical devices and diagnostic products. As the largest medical device market in the world, representing around $110 billion, The U.S. market is expected to reach $133 billion by 2016. In 2012, the U.S held about 38 percent of the global medical device market.

The more than 6,500 medical device companies in the U.S., mostly small and medium size enterprises, are highly regarded for their innovation and advanced technology. However, while the market is expanding, the U.S. lead is narrowing, partly due to the more stringent regulatory environment. The number of device approvals by the U.S. Food and Drug Administration (FDA) has increased by 52 percent over the past decade.