Medical Sector Proving Recession-Proof

Data source: Federal Reserve Board
Forecast: Mountaintop Economics & Research, Inc.
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Except for a brief dip in 2004, total U.S. output of medical equipment and supplies posted solid growth in every year of the past decade. And given the industry's performance during the past recession, one would have to say that this sector is recession-proof. The growth in 2010 is forecast to be 4%, which is very close to the long-term average for this industry. Some hospitals are starting to phase out the use of vinyl products, but demand for prepackaged trays and kits continues to climb. Overall growth in this industry is expected to be solid for years to come.
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