Medical devices: A safe harbor in the economic tsunami?
March 30, 2009 by Davin Wilfrid
Despite the worldwide recession, there's hope for the medical device manufacturing sector.
The conventional wisdom that healthcare companies are immune to economic turmoil has gone the way of subprime derivatives and credit default swaps, as reduced consumer spending and tight credit markets have squeezed even the most “recession-proof” industries.
But there are signs of hope for medical device and diagnostics companies, as nervous investors seek quicker returns than pharma or other life science firms can offer.
Experts say the local job market for medical device professionals remains comparatively strong, despite the downturn, and the New England device industry remains an attractive target for government grants and other efforts to stimulate innovative sectors of the economy.
The big picture
Permalink
FDA Database Search
RECENT BLOG POSTS
- Funding R&D: High prices, overuse a failed strategy
- FDA's role in promoting women's health
- New partnership to boost use of GMDN codes for medical devices
- FDA's modern "Corps of Discovery" in China
- Consumers lose in latest FDA user fee bill; COI restraints disappear
- Gamification
- Cool technology of the week
- A new day: Interim thoughts on the 2012 Heart Rhythm Society scientific sessions
- When a child loses milestones, consider sleep EEG studies
- Red or blue pill for payment reform? Both won't work
Features
