2013: Medtech’s Banner Year

Medtech stocks fared well this year, gaining an average of nearly 45% despite headwinds including the medical device tax, the European financial crisis and an uncertain regulatory environment.

The medtech industry had a banner year in 2013, with share prices for some 39 publicly traded medical device makers rising an average 44.8% as of Dec. 17, outpacing the Dow Jones Industrial Average (up 21.1% this year), the S&P 500 (+24.9%) and the NASDAQ index (+29.8%).

Several medtech makers posted triple-digit gains this year, including Retractable Technologies (NYSE:RVP), (NSDQ:DXCM), AtriCure (NSDQ:ATRC) and NuVasive Inc. (NSDQ:NUVA).

Retractable’s share price rose a whopping 267.9% from its 78¢ open Jan. 2, closing out Dec. 17 at $2.87. RVP share prices ranged from a low of 75¢ to a high of $4.10 during the year-to-date.

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Josh Sandberg

Josh Sandberg is the President of Ortho Sales Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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