Stryker Corporation and MedicalIndustry trend 2004 Medical equipemnt industry

pains Analysis & Future Outlook Industry The U.S. market for medical checkup devices exceeds $55 billion and continues to grow, thanks to an ageing population and technological advances that champion improve health and procrastinate lifespans. The medical checkup Equipment Industry (to which Stryker toilet belongs) has an estimated market capitalization (number of sh bes outstanding multiplied by the bank line price) of 129.70 billion. Although at that place are medical equipment companies all operating globally, the aboriginal players are headquarters in the US who primarily bum Americans. market place size/share rankings from greatest to least are Stryker Corporation, metalworker & Nephew PLC (SNN), and Zimmer Holdings, Inc. (ZMH). Stryker Corporation and its competitors are in the contrast of making medical supplies, gadgets, and equipment for saving human lives. medical equipment companies always strive to invent new-made products and to improve br isk products. a great deal 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 fabrication is kind of good, according to Yahoo! Finance. U.S manufacturing of these products rose from 2002 of 250 million units to 350 by 2004. Analysts advert that R&D is an important suppuration index finger for the medical devices industry.

Manufacturers fetch shown a growing disport in research and development expenditures in recent years for fashioning innovative medical technologies. In this highly milita! nt industry, subjoin spending on R&D is a sign of a companys sustained commitment to achieving semipermanent success. Medical device companies spent an average of eight percentage of their gross sales on R&D in 2002, an increase of one percent since 2000. Current Trends As the lines between traditional health care and medical technologies are blurring, combination products have been launched for the diagnosis and treatment of many different conditions. Image-guided surgery uses medical... If you wishing to get a full essay, order it on our website: OrderCustomPaper.com

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