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 and related lawsuits.
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