Listing Category: Medical Supplies and Equipment

The aging population is already influencing the future direction of the medical device industry due to their changing health needs and an accompanying shift in thinking on how and where seniors will be treated. Baby boomers are living longer lives than previous generations, requiring more sophisticated and longer-term healthcare. This has driven the need for advanced medical electronic devices and raised expectations that new technologies will enhance the quality and length of patients’ lives as they get older. As the US population increases and pressure to contain costs increase, expensive hospital stays will be discouraged and health care will be increasingly delivered in alternative settings, such as nursing homes, hospices and patients’ homes. As a result, home health care products are expected to become one of the fastest growing segments of the $6 billion medical device industry. In recent years these products have become more sophisticated and are now used in a wider variety of situations.