Chemicals and Cleaning Products Production - PMMI

MarketPharmaceutical and Medical Devices ProductionSegmentsAnnual Trend: 98.8 Phase: B Year-over-Year: 2.4%Pharmaceutical and Medical Devices Production12-Month Moving AverageYear-over-Year Growth Rate12/12 Rate-of-Change11011088661051054410010020209595-2-2-4-490'06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '1690-6'06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16-6IndustryOutlook2012: 2.6%2013: 1.9%2014: 3.3%2015: 4.1%Annual Pharmaceutical and Medical Devices Productionrose 2.4% over the past year, and Production stands atthe highest level in over three years. A generally agingpopulation, as well as mandatory health insurancecoverage for the US population, will keep Productiongrowing through 2015, although the pace of rise willdiminish in the near term.Tension exists between the FDA, medical devicemanufacturers, and medical service providers asincidents of malware infecting medical devices raisequestions of patient safety. Medical devicemanufacturers often refuse to update operatingsystems for fear of violating FDA rules. In addition,fears exist regarding hackers overtaking such medicaldevices as pacemakers which could endanger patients’lives. These tensions, combined with the soon to beimplemented medical device tax, will result in slowergrowth for the industry in 2013.ITR Economics 3 1st Quarter - 2013