StockGuru Blog: Andover Medical — Boomeritis Great for Business!
Andover Medical Inc. has responded to the fact that orthopedics, urology and podiatry are among the fastest growing segments in healthcare products and services. The baby-boomer and the graying of the population with the increase in the active physical lifestyle of seniors, among other factors, play key roles in this growth. The U.S. durable medical equipment for orthopedics product market is estimated to be a $1.02 billion dollar industry. It is probable that 10 percent of all patients seen by the 2,700 orthopedic clinics require a prescription of durable medical equipment products. The $16 billion podiatry industry is served by…