Medical Device Companies Reporting Sales Growth for 2009

Research group Frost & Sullivan reported that the medical device companies are seeing positive sales growth for 2009 in spite of the global recession.

“It said it has found continued optimism about prospects for the industry in 2009 in the analysis it has carried out, called European Medical Device Company Profiles.

“Manufacturers were capable of quickly adapting to market trends and were able to achieve greater profit margins,” said Frost & Sullivan. “Emerging markets in Asia, Eastern Europe and Latin America constituted areas of potential growth for these European producers.”

The global market is divided between the US (a 40% share), the European Union (30%) and the rest of the world (30%).

Frost & Sullivan said European manufacturers have a strong position in Europe, where approximately 78% of the products sold are manufactured within the EU.

In a separate report, Frost & Sullivan is predicting the healthcare industry will start to exploit the digital technology that is fast being adopted in other sectors.

The total mobile/wireless healthcare technologies market in Europe during 2008 was $1.48bn. But the report suggests this figure will reach $6.79bn in 2015.”

Read the full news article by David Eldridge of www.prw.com below:

http://www.prw.com/subscriber/headlines2.html?cat=1&id=1247050201