Despite ongoing economic instability, experts predict medical device organizations will be able to effectively carry on amid any potential future industry turmoil.

Medical device companies are poised to weather an economic slowdown even as they continue to face hurdles linked to the pandemic such as persistent supply chain woes and staff shortages, analysts say.

While device makers aren’t completely immune to potential recessionary pressures, the industry should be fairly resilient to a deepening downturn, according to Shagun Singh, an RBC Capital Markets analyst.

“I think there are a lot of puts and takes by company to consider,” Singh said. “But there’s definitely a lot of opportunity given that there is the defensive element in healthcare and medtech.”

Read the full article at MedTech Dive.