The medical industry plays a vital role in promoting health and well-being globally. The market for medical devices, valued at $550 billion in 2021, is projected to reach $850 billion by 2030 with a growth rate of 5.5% annually. This growth is driven by factors such as an aging population, rising incidence of chronic diseases, and technological advancements. These trends present significant opportunities for companies in the medical industry and investors seeking to tap into the sector's robust growth prospects.
