Report: Med tech productivity rose even as economy plunged

The med tech industry's workforce productivity level rose at a healthy rate even as the economy crashed, according to a new PricewaterhouseCoopers report cited in MedCity News. Labor productivity grew 8% on average between 2005 and 2011, the report concludes, and the sector's operating profitability expanded 2% each year during that time period, even as the economy crashed. Leading the way: In vitro diagnostics. But not every med tech business line excelled. The medical equipment sector faced some struggles over that 7-year period as the economy plunged, the PwC report concluded. Story