Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
The medical device industry hasn’t produced many impressive initial public offerings in fiscal 2013, a lull that may be related to the growing disparity between large and small companies in the medtech space.
Shares of St. Jude Medical gain in early-morning trading after the medical device company beats Wall Street’s sales and earnings expectations and increases its outlook for the rest of the year./p>
1. Top 5 medical device manufacturers face market uncertainties
Over the last three years, the market share held by the five largest companies has remained fairly steady at around 28-29%. Will that continue? Tough to say.