Wednesday, December 08, 2010 12:07 AM
Device Industry Outlook: Opportunities and Weaknesses
By Excerpts from Zacks Investment Report
The medical devices sector faces a host of problems including pricing concerns, procedural volume pressure, fallout of the healthcare reform, and increasing regulatory uncertainty. These pressures are prompting device companies to expand into lucrative emerging markets. We present excerpts from recent market research released by
Zacks Investment Research describing major opportunities and weaknesses for the device sector in the U.S. market.
With worldwide sales in excess of $220 billion, the global medical devices industry is fairly large, intensely competitive and highly innovative and is divided into segments such as Cardiology, Oncology, Neurology, Orthopedic, Aesthetic Devices and Healthcare IT. The U.S. medical devices industry, accounting for nearly 41 percent of global market, continues to grow at a brisk rate, thanks to an aging population, high unmet medical needs and increased incidence of lifestyle dis more...
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