Opportunities and Challenges
For optics and other component manufacturers, medical devices represent a strong opportunity—especially for those who need to diversify their revenue base from DoD.
The US medical device market growth rate has slowed in recent years; it’s projected at 6.1% for 2017. There are several factors slowing growth and innovation in US healthcare, including:
- The repeal and reform of the Affordable Care Act, and post-election uncertainty
- Iterative product innovation to speed product launch, reduce FDA hurdles, and reduce risk