Nerac

Information That Drives Innovation

We’re here to help with your research needs
+1 860 872 7000
Nerac logo Customer Access
You are here: Home / Nerac Insights / Articles / Patents and Medical Devices: Protecting your Business Through Intellectual Property

Patents and Medical Devices: Protecting your Business Through Intellectual Property

Google+0
LinkedIn6
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.

Related Posts

  • Established and Emerging Applications of 3D Printing in the Medical Field
    66
    Three dimensional printing (3D printing), also known as additive manufacturing (AM) has revolutionized industries across the manufacturing world for over 30 years, and 3D printing technology has exploded in the last decade. There are endless applications of additive manufacturing and although there are numerous market areas this intriguing technology is capturing, the most innovative industry…
    Tags: medical, well, read, article, originally, emerging, nerac, published, analyst, device
  • The Costs of Regulatory Noncompliance in the Medical Device Industry: Is it Worth the Gamble?
    66
    By Donna Mitchell-Magaldi, Nerac Analyst, The global medical device market was valued at $350 billion dollars in 2012 (Mddonline.com, 2012).  The US market was valued at $127 Billion dollars in 2013 making it the largest medical device market in the world (Prweb.com, 2013).  However, millions of dollars are lost every year due to regulatory noncompliance issues…
    Tags: device, medical, market, billion, $, read, global, analyst, nerac, article
  • Are Your Devices State-of-the-Art?
    64
    By Ron Sills, Nerac Analyst Originally Published: September 29th, 2014 The European Union’s Council Directive  93/42/EEC concerning medical devices  contains the essential requirements to be met by medical device manufacturers in order to market their products in the 28 member countries.  A technical file for Class IIa and IIb devices, or a design dossier for…
    Tags: devices, medical, products, market, device, manufacturers, read, analyst, originally, nerac