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Home » MedTech 100 roundup: Significant uptick for industry

MedTech 100 roundup: Significant uptick for industry

June 14, 2021 By Sean Whooley

MedTech 100 IndexThe up-and-down nature of the medtech industry continues to carry through 2021, with a recent dip now followed by a rapid ascent.

MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished the week (June 11) at 109.63 points, producing a 2.5% rise from the 106.96-point mark set one week prior (June 4).

It provides a welcome sight after the industry’s progress came to a halt with a -1.4% dip the week before last. The index remains in a position to produce another upswing after demonstrating signs of picking up again when April brought the industry’s all-time best performance.

Even with setbacks that slowed the industry recently, medtech’s performance continues to reflect an overall rebound from the struggles brought on by the COVID-19 pandemic, too. The industry has registered an 18.8% rise from the pre-pandemic high of 92.32 (set on Feb. 19, 2020), plus a 76.5% increase from the mid-pandemic low of 62.13 (March 23, 2020).

The overall markets varied compared to medtech this past week as the S&P 500 Index rose 0.4% and the Dow Jones Industrial Average faring quite differently, dipping by -0.8%.

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:

  • Martha sets 800 million patient mark for Medtronic
  • Amazon wins EUA to sell its COVID-19 test directly to consumers
  • CVRx is going the IPO route
  • BD surpasses 2 billion orders for COVID-19 injection devices
  • Private equity firms making majority investment in Medline
  • Inogen appoints BD veteran as chief medical officer

Filed Under: Business/Financial News, Featured, Funding Roundup, Initial Public Offering (IPO), MassDevice Earnings Roundup, Mergers & Acquisitions, Wall Street Beat Tagged With: Amazon, BD, CVRx Inc., Inogen, medline industries, MedTech 100 Index, Medtronic

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  • Stereotaxis announces $12.5M offering
  • Nuwellis ends clinical trial of its ultrafiltration tech for heart failure

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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