The Economist, September 12, 2011

Scandals, recalls, stingy customers, anxious regulators--any one of these would traumatise a chief executive. America's industry for medical devices is suffering from all of them. Omar Ishrak, the new boss of Medtronic, the world's biggest medical-technology company, recently described the problem succinctly to analysts: "There is a lot of work ahead of us." This is a relatively new ailment for the industry. From 1998 to 2005 the use of equipment such as defibrillators and drug-eluting stents expanded rapidly. "It was the age of implantation in this country," explains David Lewis of Morgan Stanley, with companies "sticking things into everybody." Much has changed.

Facebook icon
LinkedIn icon
Twitter icon