Vital Signs of the Med Tech Industry

ThomasNet News (Leybovich) - While most sectors of the economy experienced a slowdown or decline during the recession, research shows that the medical technology industry fared better than most and continues to be a major contributor to U.S. economic health. In fact, the industry has emerged as one of the strongest drivers of the rebound. While challenges remain for the med tech field, technological and business advances paint a promising future.

The downturn took a sizable toll on many segments of the United States economy, with lingering effects that can be seen in the still-unstable employment market and sluggish revenue growth for a wide range of businesses. However, the medical technology industry has weathered the recession surprisingly well and will be able to continue its successes by developing new technologies to meet the nation's health needs.