Report: Medtech spending, pricing barely budged in more than 20 years
Medical device spending as a portion of U.S. national health expenditures increased less than 1% over the last 2 decades, according to AdvaMed's updated report.
Medical devices are often at the center of healthcare spending debates, but a new report released by medical device industry lobbying group AdvaMed concluded that "medical devices are a relatively small and very slowly growing share of national health expenditures."
In a study commissioned by AdvaMed, researchers found that medical device spending as a share of national health expenditures barely budged between 1989 and 2010, growing from 5.3% of overall costs to 6.0%. Most of that growth occurred prior to 1992 and since then medtech spending has represented about 6% of U.S. health spending, researchers noted.
The new study builds on a previous report, which considered the period between 1989 and 2009 and which AdvaMed released last year.