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Over the past five years the iShares Dow Jones U.S. Medical Devices Index Fund (IHI), which tracks the largest US medical device company stock performance, is outpacing the Dow Jones Industrial Average (+37% vs. +18% for the DJIA).
Today, device manufacturers are certainly “enjoying” living among the ancient Chinese curse of “may you live in interesting times.” Recently, times have been difficult with the device tax, an almost constant stream of lawsuits, and product recalls. However, from a fundamental standpoint, the macroeconomic forces are still in place for medical device manufacturers to grow and profit. This report is intended to provide an overview of the medical device development market dynamics.
Medical device manufacturers and their service providers can use the trial-specific data to benchmark their trial performance and use historic data to support and plan for future clinical development studies.