US Medical Device Market to Rebound in 2010

21 December 2009 (Last Updated December 21st, 2009 18:30)

The US medical device sector is set for a solid rebound in 2010, according to industry analysts. Stablising hospital budgets, which saw a massive cutback in 2009, should lure investors back to the industry, New York investment firm Leerink Swann analysts said in a 2010 outlook. <

The US medical device sector is set for a solid rebound in 2010, according to industry analysts.

Stablising hospital budgets, which saw a massive cutback in 2009, should lure investors back to the industry, New York investment firm Leerink Swann analysts said in a 2010 outlook.

The US medical device market will have strong top- and bottom-line growth in the coming year, fuelled by more a more positive economic climate, the firm said according to massdevice.com.

The atrial fibrillation, spine and structural heart device markets will rebound particularly strongly, the analysts said.