The company is a leader in the hip implant market. Orthopedic products are high margin products and allows the company to expand its product line in trauma devices, bone cement, and related medical accessories. Tyco intends to become a leader in the disposable medical products business. Davis Geck businesses appear to be quite complimentary of one another. However, both sides have vastly different guidelines that will pre-empt a settlement in the near future.
European regulations require that devices perform according to product specifications.
The U.S. Food and Drug Administration insists on documentation that proves that products have the ability to improve the health of the patient. Baby Boomers are Aging. The aging baby boomer population should be a big bonanza for the health device and supply industry. Medical devices have a tendency to be used more by the elderly in disproportionate amounts. Another factor is the increase in the life expectancy of the U.S population.