NEW YORK, Nov. 20, 2014 /PRNewswire/ -- Market research firm Kalorama information says that 2014 will be remembered as the "Year of The Buy' in the medical device industry. The firm thinks the $360 billion-dollar global market for medical devices will produce just 3% growth this year, which led firms to look to aggressive competitive actions, including acquisitions of product lines and entrance by acquisition into new competitive zones. The company conducts an annual survey of medical devices, The Global Market for Medical Devices, 5th Edition. The report can be obtained at http://www.kaloramainformation.com/redirect.asp?progid=86869&productid=8186981.
"Growth is restricted by reimbursement cuts in major world economies, so buying is a key play for major companies," said Bruce Carlson, Publisher of Kalorama Information. "Purchases help them best competitors, turn struggle companies to Number Twos or Number Ones, and can allow companies in difficult segments to participate in new, profitable markets in a short time."
Among the acquisitions that occurred in 2014:
- Medtronic announced purchase of Ireland-based Covidien
- Zimmer announced this year the acquisition of Biomet Inc.
- Johnson & Johnson's Ortho Clinical unit acquired by the Carlyle Group.
- Life Technologies acquired by Thermo Fisher.
- Stryker Corporation acquisitions of Berchtold Holding Patient Safety Technologies Inc. and MAKO.
- Becton Dickinson announced purchase of it would acquire CareFusion.
Kalorama Information's The Global Market for Medical Devices contains a complete breakdown of the market for medical devices by segment and geographic region. The report lists acquisitions in 2013 and early 2014. It profiles key players in the industry and their products. For more information on the report please visit: http://www.kaloramainformation.com/Global-Medical-Devices-8186981/.
About Kalorama Information -- Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog.
SOURCE Kalorama Information