MedTech Dive May 10, 2021
Hospital spending on capital equipment is on an upswing, signaling a stronger outlook for surgical procedures guided by robotic systems in the year ahead, medtech executives said on their first-quarter earnings calls.
The activity mirrors a boom in the broader economy to start 2021 that points to a recovery from the pandemic-driven recession, but the strength of demand from the hard-hit hospital sector surpassed expectations.
“As procedures are coming back, we’re seeing through our order book that hospitals are in actually very good financial position. And better than, frankly, I would have expected when the pandemic first hit,” said Stryker CEO Kevin Lobo.
Hospital finances are significantly healthier than they were following past economic downturns, he said. That solid footing...
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