At an estimated US$120.4 billion in 2012, the US medical device market is the world’s largest. Per capita expenditure, at US$381, is the second highest in the world.
Much of the market is in private hands; there is no single health system. Public healthcare systems, known as Medicaid, for those on low incomes, are operated by each State. Since 1960, the Medicare system has provided hospital care for the elderly; this has also provided prescription drug coverage since 2006.
As a result of the currently volatile state of the market, different rates of growth are anticipated between developed markets in the US and Western Europe, and the emerging markets of Asia-Pacific and Latin American countries.
All Medical Devices Market Report 2012- 2018 : http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html
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