CICC: The valuation of the US stock medical device sector has bottomed out
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Glonghui, May 25 — According to a research report by CICC, we have reviewed the stock prices and performance of the US medical devices sector so far this year. We are optimistic about a short-term recovery, though breakthroughs with high-potential blockbuster products are still awaited for the future. In the short to medium term, we believe the weak stock prices in the medical devices sector are at odds with solid fundamentals, and valuations for the sector have already bottomed out. We are optimistic about short- to medium-term recovery opportunities in the medical devices sector. In the long run, we think it is still necessary to wait for the emergence of major blockbuster products. At this stage, we recommend focusing on high-growth segments such as electrophysiology, structural heart disease, complex vascular interventions, surgical robots, and neuroscience.
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