Here’s a list of 10 medical device companies, along with their areas of focus.
Healthcare investors tend to focus all of their attention on biotechnology or pharmaceutical stocks. That’s a shame, because the medical device industry has some wonderful traits that make it a great hunting ground.
For example, some medical devices require users to go through an extensive training period. While that can slow adoption, once they are comfortable with a certain device, those same users tend to become highly resistant to trying a competitor’s product. That creates brand loyalty, which smart companies can use to drive big profit growth.
