5 predictions for the medical device industry in 2020

Moody's Investors Service released its January Healthcare Quarterly report, detailing analysts' predictions for the healthcare industry in 2020. 

Five predictions for the medical device industry: 

  1. The market for continuous glucose monitoring products for diabetes treatment will continue to accelerate, led by Abbott's FreeStyle Libre device.

  2. The use of robotic-assisted surgeries will expand rapidly, part of the rationale for Stryker's proposed $5.4 billion purchase of Wright Medical.

  3. The market for duodenoscopes could exceed $1 billion as devicemakers such as Boston Scientific release innovative designs to reduce infection risks.

  4. Large companies with solid balance sheets and strong cash flows, including Abbott, Medtronic and Baxter, will likely make merger or acquisition deals worth around $500 million or less each.

  5. Emerging market economies will grow at 4.6 percent, their slowest pace since 2009, a significant decline since companies such as Boston Scientific and Medtronic each generate more than 10 percent of their revenue from the emerging markets.

More articles on supply chain:
How Cleveland Clinic manages its medical waste
Stryker warns some defibrillators may not deliver shock
FDA warning letters to devicemakers down nearly 90 percent

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