1、Medical Products&Devices Sector BriefHarris Williams|Q3 2024Perspectives on Select Medical Products&Devices Subsectors 2Increasingly complex equipment with stringent regulatory requirements,coupled with a desire to keep aging equipment functional,drives demand for high-quality equipment service,main

2、tenance,and repairIndependent service organizations(ISOs)are taking share as hospitals and other providers focus on cost-saving initiativesGrowth opportunities are abundant acrossnumerous modalities,sites of care,and service offeringsLong-term contracts create opportunity for predictable,recurring r

3、evenueOutsourced Medical Device ServicesSelect Market ParticipantsRepair,maintenance,rental,and sterilization services for medical devicesKey TrendsHME/DME/MobilityThe industry has grown steadily in the low-to-middle single digits,driven by the aging population,rise of obesity,and increasedincidence

4、 of disease and surgical procedures,which are expected to continue or accelerate,given demographic trendsShifting patient preferences for home-based care,expansion of associated benefits from payers,andthe recurring nature of disposable products support long-term growth trajectoryCertain segments,su

5、ch as complex rehabilitationtechnology,are expected to outpace the growthof the overall healthcare market with mid-to-highsingle-digit growthSelect Market ParticipantsProducts meant to assist in performance of daily activities,such as patient monitoring and personal mobilityKey TrendsServing a diver

6、se set of therapeutic needs at a wide range of price points,the market for medical products and equipment has grown consistently over time,in line with the broader global healthcare marketKey drivers of future industry growth include increased global spending on healthcare as the population ages and