With the rise in the aging population worldwide, demand for medical equipment products is expected to remain elevated. According to a report from Espicom, the market for medical equipment and supplies will grow at a CAGR of 7.1% from 2012 to 2017. This trend is beneficial for companies like Teleflex (TFX) which provide medical equipment.
However, Teleflex has not always been a medical device manufacturer since its inception in 1943. It entered the medical equipment field in 1981. Since then, it has continuously increased its focus on this segment.
Concentration on medical equipment business
A few years ago, Teleflex was known as a manufacturer of aerospace, marine and medical products. The company has been divesting non-core businesses...
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