The Medical Devices industry consists of companies that design, manufacture and distribute various devices used in the diagnosis and treatment of a wide variety of medical conditions. The primary market driver remains demographic trends - the U.S. Census Bureau projects that roughly 40% of the U.S. population will be 45 years of age or older by 2008. These demographic trends, coupled with Americans' higher expectations relating to lifestyle/quality of life issues and demands for access to the latest medical technologies, will drive growth for the industry.
The Medical Devices team is focused on companies with technologies that are well-positioned to benefit from these ongoing trends. We look for companies within our areas of focus that we believe have significant market opportunities, innovative and value-adding products, quality management teams and solid fundamentals.