Walter Scott client investment manager Murdo MacLean dissects the medtech industry. Has the innovation boom of the past decade peaked?
Key points:
- Healthcare innovation has boomed in recent years in areas such as robotic assisted surgery, continuous glucose monitoring, DNA synthesis and liquid biopsy screening.
- But achieving success can be time consuming and costly, and the sector has faced challenges such as an increasing cost of capital and certain drugs reducing the need for other therapies.
- Walter Scott wonders whether the medical innovation wave is maturing – was the boom driven by investment spending during the era of easy money?
