Advertisement
News
Advertisement

Medical devices and the Great Deflation

Thu, 10/10/2013 - 1:44pm
Mass Device

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?

screen_shot_2013-10-10_at_9.44.57_am.png

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 companies in the U.S. and Europe grew at an annual rate of 13% from 2000 to 2007, according to the report. But even as the economy has recovered and sales volumes returned to pre-recession levels, sales growth across the medical device sector has increased just 7% since 2008. E&Y analysts estimated that the gap in growth totals about $131 billion in lost sales.

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading