Looking for medical-device stocks with solid fundamentals and long-term growth drivers? Then train your eyes overseas. With apologies to Shakespeare, the world is the medical-device industry’s new oyster.
While the U.S. has been the sector’s traditional stronghold, life stateside has become tough for this industry. Pricing pressures from cost-conscious U.S. hospitals have slammed sales, and the controversial 2.3% medical-device tax has taken a nasty bite out of profits.
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