Forget about the economic slump, the medical-devices sector is firing on all cylinders and looks set to remain on a solid growth trajectory for a long time. Forget about the economic slump, the medical-devices sector is firing on all cylinders and looks set to remain on a solid growth trajectory for a long time.In general, the demand for health-care goods and services has a mind of its own. It doesn't mirror the economy, unlike industries such as automobiles and retail. Those invested in health care should view the shrinkage of their portfolios as ephemeral. Myriad, SA's only listed medical devices company, has lost 30% in market value since listing in 2006, despite its industry having grown by about a fifth to R8bn buoyed by the demand from the likes of Netcare. For its part, Myriad has increased its market share and looks poised for a bumper set of results next month, even as hospitals cut back on spending. In 2007, the firm suff...
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