Impact of Trump tariffs on US medical device market [Yahoo! Finance]
Becton, Dickinson and Company (BDX)
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Source: Yahoo! Finance
that are manufactured out of the country, and more specifically the 69% of available US-marketed devices that are manufactured solely outside of the US, according to GlobalData's Medsource Database, which collates data on the medical device supply chain. These tariffs may have negative consequences for a continually growing market due to an ageing population and increasing prevalence of long-term illnesses. GlobalData estimates the US medical equipment market was worth $197.8bn in 2023 and is projected to reach $305.1bn in 2033 with a compound annual growth rate (CAGR) of 4.3%. As a result of these policy changes, companies will be forced to increase prices to make up for losses incurred by the proposed tariffs. Additionally, this may cause supply chain disruptions, reducing accessibility to medical devices and inflating the cost of these products due to the higher demand in comparison to the supply. Companies heavily invested in foreign manufacturing such as the South Korea-bas
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