The COVID-19 pandemic appeared out of nowhere, obliterating several sectors’ prospects around the world. According to a survey published by Fortune Business Insights, the healthcare and medical device businesses increased faster than expected. The global market for medical devices was estimated to be worth $432.23 billion in 2020. The breakout of the coronavirus pandemic had a minor influence on the medical equipment industry. Because of their speedy manufacturing and delivery of syringes and needles, Becton, Dickinson and Company is beginning to seize the lead in the medical devices business. By 2025, the medical device market is predicted to grow at a breakneck pace. The use of cardiovascular and surgical devices is projected to become more common. Medical device stocks like Johnson & Johnson and Abbott Laboratories are benefiting from the industry’s tremendous growth. Alphabet Inc. is working on diabetes management software and bioelectronic devices for the treatment of rheumatoid arthritis. Apple is developing technology like ResearchKit and CareKit to help doctors and patients construct FDA-approved health apps.
Insider Monkey looks at the 10 medical device stocks for 2021. Abiomed, Inc. is a medical device firm that does research and development. Their devices help or replace a failing heart’s pumping function. On the list of medical device stocks for 2021, the company is ranked 10th. Edwards Lifesciences Corporation manufactures medical devices for structural heart disease, critical care, and surgical monitoring. The transcatheter heart valve replacement device, for minimally invasive heart valve replacements, is one of the company’s products. On the list of medical device stocks for 2021, it is ranked 9th. On the list of medical device stocks for 2021, Baxter International Inc. is ranked eighth. Along with biological goods and medical devices, the company offers organ support therapy. Its stock has been up 3.28 percent in the last six months and 1.51 percent for the year. On the list of medical device stocks for 2021, Boston Scientific Corporation is ranked 7th. The company’s devices can diagnose and treat a variety of conditions, including gastrointestinal and pulmonary issues, as well as urological and pelvic issues. It was up 27.52 percent in the last six months and 24.27 percent for the year. Bio-Rad Laboratories, Inc. is a medical device firm specializing in life science research and clinical diagnostics. In the last six months, the stock has risen 8.77 percent, and year to date, it has gained 8.62 percent. For more details, click 10 Best Medical Device Stocks for 2021.
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