Medical-Device Makers Gain Amid Return To Normalcy

  • Medical-device makers’ stocks are basking in the good times.
  • That is a marked shift from the turbulence of recent years, when device makers contended with inflationary pressures and a drop in medical procedures as hospitals faced staffing shortages and many patients deferred surgery during the pandemic.
  • While the industry was far from the only sector to be affected by Covid-19, it suffered more than large-cap healthcare peers such as drugmakers and insurers.