Research and Markets (http://www.researchandmarkets.com/research/6cg425/the_medical)
has announced the addition of the "The
Medical Device Market: USA" report to their offering.
At an estimated US$127.1bn in 2013, the US medical device market is the
world's largest. Per capita expenditure, at US$399, is the highest in
Much of the market is in private hands; there is no single health
system. Public healthcare systems, known as Medicaid, for those on low
incomes, are operated by each State. Since 1960, the Medicare system has
provided hospital care for the elderly; this has also provided
prescription drug coverage since 2006.
President Obama succeeded in signing his healthcare reform bill into law
on 23rd March 2010. The bill, formally called the Patient Protection and
Affordable Care Act (PPACA) HR 3590, will eventually extend health
insurance cover to an estimated 32mn Americans who do not have any form
of health insurance.
The PPACA requires all States to create new health insurance markets
called exchanges, so that people who do not have insurance can buy
tax-payer subsidised private cover. The law also expands eligiblity for
Medicaid so low-income adults who have no dependent children can get
government insurance. Putting the two approaches together, more than
30mn Americans are expected to gain coverage by January 2014. At the end
of June 2012, the Supreme Court upheld the entire law in a 5-to-4
decision which deemed that the mandate was constitutional under the
taxing authority afforded to the federal
The USA is home to many of the world's leading medical device
manufacturers, such as Johnson & Johnson, General Electric, Baxter,
Covidien and Medtronic. Seven out of the world's top ten medical device
manufacturers are US companies.
This highly-regarded world medical technology and device market research
report provides enhanced strategic intelligence in a user-friendly
format. Each report provides in-depth information, setting the medical
equipment market in context. The reports provide:
Reasons To Buy
For more information visit http://www.researchandmarkets.com/research/6cg425/the_medical
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