Medtech moods improving in 2013, survey says

February 21, 2013 by Arezu Sarvestani

Medical device makers are even more optimistic about the year ahead than they were in 2012, according to an industry survey.

optimism illustration

Things are looking rosy in 2013 for the majority of respondents in a medical device industry survey, which aimed to capture attitudes about the year ahead.

Of the more than 3,000 survey participants, most said they were either "somewhat" or "very positive" about the general business environment the industry in 2013, and even more were optimistic about their own companies' prospects for the year.

The most significant challenge facing device makers in the year ahead was the regulatory environment, although new product development and challenges in accessing capital and financing were a close 2nd and 3rd, according to the Emergo Group survey.

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The numbers

When asked about the general outlook for 2013, nearly half of participants said they were "somewhat positive," taking a more cautious stance than the 21% who said they were "very positive." The upbeat mood appears to have increased since last year, when 67% of survey-takers said they were somewhat or very positive about 2012.

The trend spanned continents, with respondents from all regions largely reporting optimistic expectations for 2013.

"Despite global economic uncertainty, results suggest that medical device firms expect growth opportunities driven by aging populations and growing middle classes in emerging markets including Brazil, India and China," according to Emergo.