Advertisement
WALTHAM, Mass., Dec. 18 /PRNewswire/ -- Millennium Research Group (MRG) has released its first issue of Medtech Economic Quarterly, a new product analyzing the dynamics of medtech and the economy through 2009. This first product offers leading indicators and expert analysis on medtech market dynamics in the context of the economic downturn.
Advertisement
The first installment of this new product, titled Medtech and the 2008 Downturn, finds that some medical device segments will be dramatically affected in the 2009 slowdown, while others are well positioned to weather the downturn. The study highlights two factors that drive a segment's susceptibility to economic downturns: the degree to which it relies on capital expenditure, and the degree to which its procedures are elective.
In the short term, the turmoil in the stock market and the extreme cost pressures brought on by the credit crisis will impact all medtech markets. If the recession extends much beyond 2009, however, even traditionally resilient segments such as hospital supply and cardiovascular markets could be weakened by the wider macroeconomic environment. The report series will cover these and other developments throughout 2009, and in Q1 will begin presenting a revolutionary new barometer of medtech health and sentiment: MRG's Medtech Confidence Index.
"We're looking at a confluence of factors that can weaken a traditionally resilient medtech market," said Aaron Dickson, co-President at MRG. "Elective markets are in trouble right now: we saw that with recent acquisitions in the aesthetic space, and with the continuing difficulties at dental implant manufacturers. But we're also seeing capital markets under strain, as evidenced by the recent cutbacks and layoffs at the major diagnostic imaging and equipment players. Going forward, however, we could see further softening in semi-elective procedures like orthopedic joint reconstruction. We will be tracking these kinds of changes in our new Medtech Confidence Index, which is modeled on widely-used consumer confidence metrics."
About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources, Inc. company (www.DecisionResources.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through published reports, ongoing Marketrack(TM) projects, and customized solutions.
About Decision Resources, Inc.
Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at www.DecisionResourcesInc.com.
All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.
For more information, contact: Amy Krohn Millennium Research Group 416-364-7776 x101 [email protected] Elizabeth Marshall Decision Resources Inc. 781-296-2563 [email protected]
SOURCE Millennium Research Group
