Medical Technology Taking Healthcare to the Next Level
JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 16, 2010) - [ www.bellwetherreport.com ] -- Scientific research and human ingenuity have swept the medical technology field towards innovations that would be any medieval health practitioner's dream. Today, the medical appliances and equipment is a large global industry divided into several key segments, and in 2009 these segments accounted for over $220 billion in sales worldwide. And like any technology driven industry, medical devices industry has a finely tuned competitive environment. While this industry met with few hurdles during the recession and remained quite resilient, industry experts believe the ongoing economic recovery in the U.S. will produce some great momentum for the industry in the second half of 2010. The United States with its 41% market share is the biggest manufacturer and consumer of medical devices.
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"There have been a number of med-tech players that have been strengthening their positions in the industry since the start of 2010, companies like Intuitive Surgical Inc. (
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Companies which are currently engaged in the production of life-sustaining appliances and equipments have been top performers in recent months as they have indicated that they can weather economic pressures better than some segments players like Zimmer Holdings Inc. (
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