NEW YORK, Nov. 23, 2016 /PRNewswire/ --
The global medical device market will be characterised by the equity performance of medical device companies outperforming healthcare indices and the wider stock market in 2017, continuing the divergence seen this year. This outlook is primarily based on growing demand for surgical procedures in the US, which is translating into strong financial results for medical device firms, and thereby attracting additional investments. We note the medical device sector has avoided much of the pricing scrutiny felt by pharmaceutical companies.
Latest Updates And Key Forecasts
- We have revised slightly downwards our forecasts and now project the global medical device market to grow by a 2015-2020 CAGR of 5.6% in weighted local currency terms. This contrast with the 2010-2015 CAGR of 6.1% reflects moderation of global economic growth, a rising prevalence of political instability, and healthcare funding challenges. The confluence of persistent lower oil prices, the UK's decision to leave the EU and uncertainty after the US presidential election in November 2016 make a downgrade to our global medical device market forecast a likely scenario.
- The global medical device market has a Risk Reward Index (RRI) score of 58.3 out of 100 in Q416 (down from 58.4 in Q316). With a score of 62.3, Europe is the most attractive region in the world to commercialise a medical device, followed Asia Pacific (59.2), Latin Americas (54.6), the Middle East & North Africa (53.1), and Sub-Saharan Africa (38.1).
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