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Is 2010 a Rebound Year for Devices?

Analysts at New York investment firm Leerink Swann predict a rise in the medical device sector in the coming year.The firm has released a 12-page outlook for 2010, which says that earnings in the sector will improve, and that investors will begin to see the allure of medical devices. Stabilizing hospital budgets will play a role, as hospitals restock inventories and  capital equipment.One analyst calls out the strength of the atrial fibrillation, spine, and structural heart device markets.

And improving economic conditions could lead to more elective procedures being performed in 2010 -- particularly orthopedic procedures like hip and knee replacement surgeries.

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