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Article: Industry economics in the United States.(markets)
- Article from:
- Medical Device Technology
- Article date:
- April 1, 2004
CopyrightCOPYRIGHT 2004 Advanstar Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Demand for medical equipment in the United States (US) is projected to grow by 8% between 2001 and 2006,to reach $105 billion. In 2001,the market was valued at S71.4 billion, based on an annual growth of 7.5% between 1996 and 2001, according to The Freedonia Group. Product innovation and the growing ageing population is driving the industry, despite health-care cost containment measures. Medical and surgical instruments continue to be the largest sector, which is expected to grow to $30.5 billion in 2006. However, electromedical/electrotherapeutic apparatus will remain the fastest growing sector, with annual gains of 10.8% predicted for this period.
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Article: Freedonia Group.(Materials Business)
Advanced Materials & Processes;
July 1, 2004 ;
268 words
...The demand for nanocomposites in the United States will approach 11 billion pounds by 2020, according to "Nanocomposites," a report from Freedonia Group, Cleveland, Ohio. By 2020, nanocomposites are expected to have partially supplanted traditional reinforced plastics.
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