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Research and Markets: Most Medical Device Companies Posted Firm Growth
In The Second Quarter Of 2008
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:07102008
Dublin - Research and Markets
(http://www.researchandmarkets.com/research/1adbb3/north_america_medi)
has announced the addition of the "North America Medical Equipment
Sectors : A Company and Industry Analysis (September 2008)" report to
their offering.
This report updates the previous North American medical equipment
report, focusing on the markets in Canada and the United States Current
Environment
- Key Points
- Despite the looming US economic recession, most medical device
companies posted firm growth in the second quarter of 2008
- Merger and acquisition activity continued to pick up, with a number
of deals in the first half of 2008 as leading companies sought growth
- In the first half of 2008, the Canadian medical device industry
showed positive growth, with most leading players reporting favorable
although sagging stock prices
- The orthopedic market - and particularly the spinal devices
sub-segment - was one market in a strong growth cycle, with very
encouraging research results reported and new technologies developed in
recent years
- Merger and acquisition activity in the Canadian medical device sector
slowed in the first half of 2008 as companies feared taking risk,
particularly during a US economic downturn Industry Profile
- Key Points
- The industry generated more than US$75.6 billion in revenues in 2007,
according to Frost and Sullivan estimates
- Canadian government figures show that the Canadian medical device
manufacturing and development segment consists of 1,101 facilities,
comprising about 998 firms
- The medical devices and supplies industry alone had 308,630 employees
last year, with this figure projected to increase to 312,000 by 2014,
according to the US Bureau of Labor Statistics (BLS)
- According to the Office of the Auditor General of Canada (OAG),
Canadians and the Canadian healthcare industry buy C$5 billion (US$4.87
billion) worth of medical devices annually
- Job opportunities in the Canadian medical industry continue to grow,
thanks to Canada's highly educated workforce, an advantage for the
medical devices industry
- The Canadian medical device industry's steady growth has been due to
its scientific expertise and its continuous investment in research and
development (R&D) Market Trends and Outlook
- Key Points
- Driven by higher demand and the move from fusion technologies to
motion-preserving devices, the spinal devices sub-segment is leading
the orthopedic segment
- The US medical devices industry is showing few signs of slowing down,
thanks to the ageing US population and its demand for better access to
medical equipment and products
- The US neurostimulation market is growing rapidly, driven by the
unmet clinical need for the treatment of chronic pain and nervous
system disorders
- Most investors tend to invest in Western Canada due to the region's
strong and diversified economies, supported by well-educated labor
forces and pro-business governments
- The ongoing trend towards recycling single-use devices is concerning
health authorities, with limited tests done to date to see if the
practice is safe
- The number of Canadians buying medical devices over the internet is
growing, leading to heightened concerns over the risks of health
complications.
Key Topics Covered:
Current Environment
- US
- S ector Overview
- Sector Performance
- Leading Players
- Merger and Acquisition Activity Current Environment
- Canada
- Sector Overview
- Sector Performance
- Leading Players
- Merger and Acquisition Activity Industry Profile
- US
- Industry Size and Value
- Sector Employment
- Policy and Regulatory Environment
- Sector Investment Industry Profile
- Canada
- Industry Size and Value
- Sector Employment
- Research and Innovation
- Policy and Regulatory Environment Market Trends and Outlook
- US
- Spinal Market Continues to Forge Ahead
- Ageing Population Drives Market Growth
- Neurostimulation Segment holds Significant Potential
- Market Outlook Market Trends and Outlook
- Canada
- Opportunities Boom in Western Canada
- Concern over Recycled Single-Use Devices Remains
- Rising Demand for Cardiovascular Medical Devices
- Online Sales of Medical Devices Grow
- Market Outlook Currency Conversion Table
The Scope of This Report
Key References
Comparative Data
Report Coverage
For more information visit
http://www.researchandmarkets.com/research/1adbb3/north_america_medi
CONTACT: Laura Wood, Senior Manager, Research and Markets
Fax: +1 646 607 1907 (US)
Fax: +353 1 481 1716 (Rest of World)
e-mail: press@researchandmarkets.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
Copyright ? 2008 M2 Communications Ltd.
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