Acquisitions Spur Medical Device Industry Growth

Cardiovascular Business -- Medical device companies saw growth in 2010 despite a slow economy and pressure on pricing, and that growth should continue for the next few years, according to Kalorama Information. The Rockville, Md.-based market research firm indicated that the medical device companies grew at an average of six percent in 2010, on the higher side of most growth estimates a year ago. The report noted that the $305 billion medical device market should see growth in that range over the next few years as a result of emerging markets, an aging population and increased acquisitions.

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