Wood on Plastics: Short-Term Gain But Long-Term Pain in Medical?
Though alive and kicking, the future of the medical market is fraught with uncertainty.
For a few years now, I have waxed enthusiastically about the rapidly growing need for medical equipment and supplies, and all the opportunities this market held for processors. My previous predictions about the future of this market were based on the hypothesis that people tend to consume more medical products as they get older, and that the largest age group in the U.S. and Europe—the Baby Boomers—was steadily advancing towards its Golden Years. This fact, combined with the notion that President Obama’s new healthcare program would soon add another 40 million previously uninsured Americans as “customers,” all but convinced me that this would be a growth industry for years to come.