scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,032
Industry Analysis Future Outlook Industry The US market for medical devices exceeds 55 billion and continues to grow thanks to an aging population and technological advances that help improve health and lengthen lifespans The Medical Equipment Industry to which Stryker Corporation belongs has an estimated market capitalization number of shares outstanding multiplied by the stock price of 12970 billion Although there are medical equipment companies all operating globally the key players are headquarters in the US who primarily target Americans Market sizeshare rankings from greatest to least are Stryker Corporation Smith Nephew PLC SNN and Zimmer Holdings Inc ZMH Stryker Corporation and its competitors are in the business of making medical supplies gadgets and equipment for saving human lives Medical equipment companies perpetually strive to invent new products and to improve existing products Often competing companies squabble over patent rights to the necessary technology and scientific information which are the foundation for many of these new medical marvels The current picture and future outlook for this industry is quite good according to Yahoo Finance US manufacturing of these products rose from 2002 of 250 million units to 350 by 2004 Analysts indicate that RD is an important growth indicator for the medical devices industry Manufacturers have shown a growing interest in research and development expenditures in recent years for devising innovative medical technologies In this highly competitive industry increased spending on RD is a sign of a companys sustained commitment to achieving long-term success Medical device companies spent an average of eight percent of their sales on RD in 2002 an increase of one percent since 2000 Current Trends As the lines between traditional healthcare and medical technologies are blurring combination products have been launched for the diagnosis and treatment of many different conditions Image-guided surgery uses medical imaging technologies such as CT and MRI in conjunction with specialized surgical instrumentation Drug-coated stints combine a medical device with
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA