Exports a Growing Opportunity for U.S. Medtech Firms
The global market for medical devices totaled more than $340 billion last year, according to Business Monitor International, and U.S. Department of Commerce data show that U.S. exports of medical equipment totaled $45 billion.
The growing worldwide demand has made healthcare technologies a priority sector under President Obama’s National Export Initiative (NEI/NEXT). The U.S. Commercial Service’s global healthcare team leader, September Secrist, provides some boots-on-the-ground insights for U.S. medical device firms looking to export. Secrist serves as a senior international trade specialist with the U.S. Commercial Service in Seattle, WA.