U.S. Medical Device Sales Remain Steady In Unsteady Economy
10 years ago medical device spending accounted for approximately 6 percent of all U.S. health spending and in 2009 that number remained barely changed according to a new report.
The steady numbers come as medical devices rose more slowly in pricing than prescription drugs and other products in the industry.
The research, sponsored by the Advanced Medical Technology Association (AdvaMed) studied 400 companies ranging from bandages and basic supply sellers to pacemakers and other high tech manufacturers.
The study comes after the Centers for Medicare and Medicaid determined that health expenditure had nearly quadrupled since 1989, currently bringing in approximately $2.5 trillion in 2009 with medical devices accounting for $147 billion.
The study was conducted as AdvaMed seeks to roll back taxes on medical device companies, taxes that were set into place during 2010′s healthcare overhaul and which will go into effect in 2013.