Current environment: budget deficits continue to pose long - term challenges

Article Abstract:

The United States medical equipment industry is currently facing pricing pressures as newer technologies such as drug-coated coronary stents, and implantable defibrillators enter the market. The Congressional Budget Office (CBO) has assured that the federal government will cover deficits relating to this industry for next three to four years. The Medicare, which is the second highest federally funded program, is currently facing high deficits due to increasing health care costs and rising demographic trends. But overall this industry perceives growth prospects in future. The Food and Drug Administration continues to give approval to many new medical devices, of which is Johnson and Johnson's artificial spinal discs that have got marketing approval.

Government expenditures, Government regulation, Commodity & service prices, Industry Overview, Economic aspects, Prices and rates, Licensing, certification and accreditation, United States. Food and Drug Administration, Medicare, Company pricing policy, Government finance

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Industry trends

Article Abstract:

An overview on the market conditions, cost pressure and growing demand of medical equipment industry in the United States is presented.

Industry overview

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