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Patents and Medical Devices: Protecting your Business Through Intellectual Property

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By Ron Sills M.S., Nerac Analyst,
Originally Published: July 6th, 2015

The medical devices market was estimated at $361 billion in revenues in 2014.  Various sources project a 3 – 4% annual growth rate going forward, driven by an aging population in developed nations, as well as increased spending in emerging regions. This forecast indicates that this global market may exceed $427 billion by 2018.  The US and global markets are dominated by companies such as Johnson & Johnson, Medtronic, GE Healthcare, and others.  There are also numerous small to midsize companies who are successful in niche segments, while entrepreneurs and start-up companies are constantly innovating and developing health care solutions with a goal of  entry into this lucrative market.

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