Tuesday, January 17, 2012 11:09 PM
Medical Device Industry 2012 Outlook: Tempered Enthusiasm
The 2012 Medical Device Industry Outlook survey, conducted by Emergo Group in cooperation with Medical Device Summit, has revealed tempered enthusiasm. Results show that many companies performed well last year, but are bracing for challenges and uncertainties in various markets in the coming year, such as the device approval process, the device tax, and growth in emerging markets.
Roughly 42 percent of survey respondents reported domestic sales increases during 2011, and more than half of all respondents reported increased international sales. A vast majority (more than 70 percent) of survey participants expects their strong performances to continue through 2012; nearly 70 percent of firms also anticipate very or somewhat positive business conditions this year, and more than half of firms expect to hire additional employees to handle new business. While many more...
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