Report: Medtech spending, pricing barely budged in more than 20 years

October 24, 2012 by MassDevice staff

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.

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