UNITED STATES - Medical Device Industry and Demographic Data

Shown below you will find some basic demographic and economic data on the USA, plus information specific to the medical device and healthcare industry.

Capital city: Washington, D. C.

Total area: 9 826 630 km²

Population of the United States: 307 million

Structure of US population:
0-14 years: 20.2%
15-64 years: 67%
65 years and over: 12.8% (2009 est.)

Currency: US Dollar

Language: English

Healthcare expenditures: $7287 (at int. $ rate, 2007 data)

Healthcare Financing:  Healthcare financing in the US is known in the industry as a multi-payer system with a combination of individual insurance, employer-sponsored plans and government-subsidized insurance. By 2012, it is expected that federal and state programs - mainly Medicare and Medicaid - will pay slightly more than half for health care bought in the US, partly due to the aging of baby boomers who will soon start signing up for Medicare.

USA medical device industry: The US medical device market is the largest in the world. The market is highly advanced and very competitive. The US market was estimated at $85.6 billion in 2008. The annual growth is around 4%. Imports supply about 33% of the market.