Medtronic. Cardinal Health. Guidant. Becton, Dickinson. St. Jude Medical. Hospira. Fresenius. Varian Medical.
All of these medical device manufacturers had greater than ONE BILLION DOLLARS in sales last year.
Who Will be Next?
The great thing about this sector is that while the overall venture business is way down, medical device funding is BOOMING.
Firms poured $1.5 billion in 160 deals in the second quarter, up 47% over the prior quarter. In fact, investments in life sciences companies made up 41% of all private venture funding last quarter.
Why Should You Care?
Is there money being made in the sector now - even in this tough economy? You bet your life there is.
America's spending on healthcare will top $2.5 trillion this year alone, accounting for more than 17% of the nation's spending, and may double in the next decade.
Medical devices account for more than $100 billion of this.
Think of companies like device maker Vnus Medical, which Covidien just bought for $470 million - 4 times 2008 sales.
And Danaher, the industrial conglomerate, made big moves in the sector by buying MDS's analytical-technologies business for $650 million.
P.S. Medical devices is a bright and hot sector in the midst of a mostly dismal technology investment climate.
Stop crying in your soup about how tough it is out there and do something about it.