February 12, 2025
Despite Slow Q2, Needham Expects Medtech Market to Grow 7% in 2023 (NYSE:BSX)

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Needham expects the medtech sector to grow 7% in 2023, compared to 5.7% last year, despite slower growth in the second quarter, helped by double-digit growth in some cardiology categories.

The investment bank noted that medtech growth slowed slightly in the second quarter, growing only 8.3% compared to 8.9% in the first quarter, but still beat forecasts of 5% for the second quarter. And despite forecasting 7% growth for 2023, the bank expects growth to drop to 5.3% in 2024.

Source: seekingalpha.com

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