Survey: Medical device makers cautiously optimistic

March 23, 2010 by MassDevice staff

A survey of medical device manufacturers in the Bay State indicates cautious optimism about the economy, with a majority expecting improved business conditions this year.

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A survey of 47 medical device manufacturers, ranging from pre-revenue firms to those with sales topping $100 million, indicates a sense of cautious optimism when it comes to the economy.

The survey, conducted by executive services provider Tatum LLC for the Massachusetts Medical Device Industry Council (MassMEDIC), polled device makers during the fourth quarter on a variety of business indicators. Most — more than 58 percent — said they expected conditions to improve during the last 60 days of the quarter. Nearly 35 percent reported improvement during the 30 days preceding the survey.

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