According to a recent estimate, the global market for medical device technology will grow at a CAGR of 4.9 per cent from 2022 to 2027. From US$ 465.5 billion in 2022 to US$591.3 billion in 2027

Adopting life-saving technologies paves the path for the continuous growth of the medical devices industry. With cutting-edge technologies such as wearables and health data services, the medical device industry aims to lead the way for more individualized and value-based healthcare.

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