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Posted 9/4/2023, 4:21:00 PM

Despite a slower Q2, Needham sees medtech market growing 7% in 2023 (NYSE:BSX)

Despite slowed growth in Q2, the medtech sector is projected to grow by 7% in 2023, with double-digit growth in certain cardiology categories, and AtriCure, Alcon, Alphatec, Glaukos, and SI-BONE being the top-ranked companies, according to Needham.

seekingalpha.com

Relevant topic timeline:

9/5/2023

Wall Street Breakfast Podcast: AI: 11% Of Healthcare Budgets

The budget for artificial intelligence and machine learning in the healthcare sector is expected to reach 10.5% in 2024, up from 5.5% in 2022, and could have transformational effects on the industry beyond drug discovery, according to Morgan Stanley. Private equity firm Thoma Bravo is also in talks to acquire NextGen Healthcare, while Nestle-partnered weight loss capsules have succeeded in a pivotal trial, boosting shares of Epitomee Medical.

9/11/2023

Pharma Market Boom Coming: TBRC Reports Reveal $3 Trillion Industry by 2030 Driven by Disease, Healthcare Advances

The pharmaceutical market is expected to grow significantly by 2030, reaching $3,206 billion, driven by advances in healthcare technologies, increasing healthcare expenditures, and the rise of chronic diseases. The Business Research Company offers comprehensive reports to assist pharmaceutical companies with informed decision-making and staying competitive in this dynamic sector.

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