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A Baby Boom For Medical Devices; The aging and affluent are spending, and demanding, more to stay active.(INDUSTRY SNAPSHOT)(MEDICAL SYSTEMS AND EQUIPMENT)
Byline: PETER BENESH
The universe has aligned to give the medical technology industry prime conditions to flourish.
Baby boomers, 78 million of them, are one-third of the U.S. population. They won't give in to aging. Instead, they'll demand treatments that prolong and improve senior years.
Scientific breakthroughs are building on each other across sectors. Money from venture capitalists is flowing to innovators with great ideas. And the U.S. has streamlined regulations in recognition that good health is good economic policy.
The medical device sector is "turbocharged," said Ted Huber, analyst with Wachovia Securities. "Simply put, a ...
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