Medical device markets to ride out economic crisis
23 October 2008
Medical technology markets are resilient in times of economic
downturn, providing shelter for investors worrying about drops in other,
more volatile industries, according to Millennium Research Group (MRG)
in its recently released Q4 2008 issues of its Industry Quarterly (IQ)
publications.
MRG's reports highlight the most recent trends and events in the
cardiovascular, endoscopy, orthopedics, aesthetics, and imaging and
health IT industries. According to MRG IQs, while medtech markets are
not recession-proof, their outlook is good.
Although the numerous segments of the global medical device markets
are affected by diverse factors, one element that unites medical
technologies is the importance of the US market to each segment's
revenue generation.
With the US economy facing its worst financial crisis since the Great
Depression, industry players and investors are worrying about the
stability of the medical technology markets. In the past, medical
markets have shown more resilience than other sectors in the face of
economic downturn.
Nevertheless, questions still remain: how important are consumer
confidence levels to the success of medical devices that, for the most
part, are necessary treatments? How will frightened medtech investors
react to global financial instability?
The answers to these questions lie in an examination of current
medtech markets and an analysis of opportunities and threats. While
markets tied to elective procedures, such as aesthetic and dental device
markets, are more vulnerable than others, the overall long-term outlook
remains positive for the medtech sector.
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