The COVID-19 pandemic ushered in drastic changes in the global medical healthcare industry. The Medtech industry has been thriving on a rising demand for telehealth consultations and the rapid digitization of medical research and diagnostics. In addition, an acute labor shortage has contributed to the increasing demand for MedTech products due to their sheer convenience. Thus, the recent dip in MedTech stocks as part of the broader market’s sell-off on concerns about sky-high inflation and the Fed’s plans to raise interest rates could represent a solid entry opportunity.
Amid rising health awareness, accurate and quick medical treatment procedures are in great demand. According to GlobeNewsWire, the North American and European medical technology market is expected to grow at an11.5% CAGR from 2021 - 2028.
