Is there this kind of thing as a blockbuster medical device? Except for drug-eluting stents, probably not, when you compare products to top pharmaceutical winners. But medical technology is addressing some large markets, with big profit potential.
Take back soreness. It's the scourge of hundreds of thousands with a market of over billion annually. Artificial disc technology is rapidly coming up with advances to treat chronic back situations. Carotid stenting, which was approved last year, is less invasive than surgery and sales of carotid stents are supposed to grow to billion within the decade-from less than 0 thousand today. And the annual growth rate of computer aided surgery rate is expected to increase from 10% in 2005 to greater than 20% in 2009 and so on
Aging baby boomers will aid the medical device boom. Age-related ailments combined with pharmaceutical validation training eligibility will expand the use of pacemakers, defibrillators, stents, orthopedic implants and cochlear augmentations.
Medical devices/technology and also pharmaceuticals provide a good way to be able to diversify within healthcare, if you must stay current on innovations in both fields. Of course, if you're really looking for growth you might use an even smaller healthcare/biotech sibling- diagnostics. With acceptance power over payments, healthcare suppliers, in essence, control the money, and thus wield huge influence over which treatments grow reveal. Increasingly, healthcare providers are looking at preventative measures to stave off the huge expense of treating full-blown diseases. And how do you prevent diseases? Early medical diagnosis.
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