US market healthy but Asian turmoil affects exports
This article was originally published in Clinica
The economic turmoil in Asia is expected to cut in half the trading surplus which the US medical device industry runs with Asia (excluding Japan) to $200 million this year. However, industry association HIMA predicts that a $400 million increase in the trade surplus with Europe will make up the difference. Non-Japanese Asia accounts for less than 10% of US medical technology exports.