Overview
Over the last decade, medical device industries have experienced many transformative trends and innovations that have rapidly improved the medicines available to patients around the world. In just ten years, the influence of artificial intelligence and big data on diagnosing and treating disease, as well as a shift toward preventing life threatening conditions rather than medicating them. The medical devices market size reached nearly $456.9 billion in 2020 and is expected to increase 5.4% by 2025, reaching $612.5 billion.