SOURCE: Bellwether Report

Bellwether Report

June 16, 2010 08:07 ET

Medical Technology on the Move

JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 16, 2010) - -- Scientific research and human ingenuity have swept the medical technology field towards innovations that would be any medieval health practitioner's dream. Today, the medical appliances and equipment is a large global industry divided into several key segments, and in 2009 these segments accounted for over $220 billion in sales worldwide. And like any technology driven industry, medical devices industry has a finely tuned competitive environment. While this industry met with few hurdles during the recession and remained quite resilient, industry experts believe the ongoing economic recovery in the U.S. will produce some great momentum for the industry in the second half of 2010. The United States with its 41% market share is the biggest manufacturer and consumer of medical devices.

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"There have been a number of med-tech players that have been strengthening their positions in the industry since the start of 2010, companies like Intuitive Surgical Inc., Medtronic Inc. (NYSE: MDT) and St. Jude Medical Inc. (NYSE: STJ). We believe these companies have a unique potential to growth in the coming months. Medtronic which has a diversified presence in a number of segments within the industry has been effectively expanding its product pipeline as recently announced," commented George Turner of

*Easy to access downloadable reports on Medtronic Inc. and St. Jude Medical Inc. are available for free by signing up now at or

St Jude Medical was amongst the first of the industry to report bullish earnings in April with a revenue increase to $1.26 billion. At the end of May, Medtronic delivered a historic earnings release with revenue topping $4.2 billion. The company is also planning to invest between $8 billion to $10 billion on R & D over the next few years.

Companies which are currently engaged in the production of life-sustaining appliances and equipments have been top performers in recent months as they have indicated that they can weather economic pressures better than some segments players. Register now at to have free access to this report.

Visit to see how these companies have grown over the past years and how they will progress in the future.


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