Medical device manufacturers expect strong sales growth in the U.S. and Europe this year but they are less enthusiastic about China and other developing markets.
Optimism for U.S. and European markets increased significantly between January 2016 and January 2017, according to a survey of more than 3,000 industry representatives, conducted for Emergo’s Global Medical Device Industry Outlook for 2017. For example, 51 percent of respondents expected strong U.S. growth in 2016, compared to 60 percent in 2017.
Growth expectations for medical device markets in China, Brazil, and India declined for 2017 compared to last year. In particular, optimism for China’s market fell from 44 percent of respondents in 2016 to 33 percent in 2017.