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Home » MedTech 100 roundup: Industry continues climb

MedTech 100 roundup: Industry continues climb

July 12, 2021 By Sean Whooley

MedTech 100 IndexOne week after hitting an all-time best mark, the medtech industry has done it again, reaching new heights on Wall Street.

MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — continued its rise, finishing the week (July 9) at 114.79 points, a rise of 0.2% from the 114.59-point mark registered a week prior on July 2.

The new high comes in was just 0.21 points ahead of the 114.58-point mark set in April — the industry’s all-time best performance before last week beat it by one point.

Medtech’s performance continues to reflect an overall rebound from the struggles brought on by the COVID-19 pandemic, too. The industry has registered a 24.3% rise from the pre-pandemic high of 92.32 (set on Feb. 19, 2020), plus an 84.6% increase from the mid-pandemic low of 62.13 (March 23, 2020).

The positive movement in medtech aligns with an uptick in the overall markets this past week, as the S&P 500 Index rising by o.4% and the Dow Jones Industrial Average registering a rise equal to medtech’s, ticking up by 0.2%.

Medtech companies continue to rebound from the COVID-19 pandemic more than a year later. Here are some of the major highlights from the past week:

  • Hyperfine, Liminal to go public in $580M SPAC deal
  • Abbott laying off hundreds of workers as COVID-19 testing demand drops
  • Conformis, Stryker settle in Wright Medical patent infringement litigation
  • Augmedics adds J&J, Stryker veterans to board leadership
  • Surmodics acquires Vetex Medical and its mechanical thrombectomy catheter
  • Explorer Surgical expands offerings into robotic surgery space
  • Abbott to pay $66M to settle suits involving St. Jude Medical and Alere
  • Avanos Medical to pay more than $22M to resolve criminal charges with DOJ

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Mergers & Acquisitions, Wall Street Beat Tagged With: Abbott, augmedics, Avanos Medical (formerly Halyard Health), conformis, Explorer Surgical, Hyperfine, Johnson & Johnson, Liminal, MedTech 100 Index, Stryker, SurModics Inc., Vetex Medical, Wright Medical

More recent news

  • Zynex submits laser pulse oximeter to FDA
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  • Product liability lawsuits target Medtronic, Boston Scientific spinal cord stim tech
  • GE HealthCare launches new MRI scanner
  • HistoSonics earns first major reimbursement win for non-invasive histotripsy

About Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at [email protected].

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The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
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