Q. What is the state of the medical device industry?
A. Broadly speaking, we have seen growth slow in recent years, as the industry has grappled with both persistent utilization softness following the end of the most recent economic downturn as well as the increasingly real headwind of pricing pressure from customers. As such, we believe industry growth has slowed from the mid-high single-digit range prior to the recession to the low single-digit area today.
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