Medical Devices and the Great Deflation (MassDevice)
The medical device industry's financial growth has been cut dramatically following the Great Recession, even as sales volume has returned to pre-crisis levels. Is there an end in sight?
The medical device industry has “lost” about $131 billion in revenues since the financial collapse of 2008, according to analysts at Ernst & Young.
The findings, taken from the audit firm’s annual “Pulse of the Industry” report, paint a glum picture for the medtech industry, once considered to be “recession proof.”
Annual revenues for medical device compa...