Emerging medtech hubs around the globe

 04-Feb-16, MD+DI

The United States and Europe have been the traditional leaders when it comes to medtech innovation, but these countries are hot on their heels.

Image: MD+DI

• China's medical device market is expected to experience a compound annual growth rate of 7.4% until 2019.
• More than 19,000 people were employed in Australia's medtech industry in 2014.
• A majority of medical device companies in Israel have five or fewer employees.
• Brazil's medtech industry is expected to grow at 2.1% until 2019.
• Companies operating in Mexico save 18.9% on manufacturing costs compared with the United States.
• Turkey's medical device industry is expected to see a compund annual growth rate of 8.5% until 2018.
• Singapore's government has committed $70 million for medtech startups.
• There are nearly 1,000 local medical device companies operating in India.
• South Africa's medical device industry is expected to grow at 5.6% until 2018.

 Read the full article  

 Insights