By: Dylan Sikes - AllPennyStocks.com News

Monday, August 10, 2015

In a report on the medical devices industry released last year, Emergo Group noted that despite economic uncertainty in some markets, the outlook for the industry is generally positive in 2015. Emergo conducted a comprehensive survey and based on the survey results, it believes that the global medical device industry remains stable. However, the research firm noted that different aspects of the business became more challenging in 2014. According to Emergo, the number of companies reporting a sales decline in 2014 rose from 12% to 19%. In addition, the report rates of growth were also lower in 2014. The slight weakness in the industry was due to factors such as a lackluster European economy, weakness in Brazil, and a stronger dollar which made American devices more expensive overseas.

Emergo noted that these factors were to an extent offset by a stronger-than-expected U.S. economy. The research firm’s survey for 2015 showed that 75% of respondents are positive about the prospects for the industry in 2015. Further, the survey showed that companies in North and South America are more optimistic than those in Europe. Finally, survey respondents expect the U.S. and China to perform well in 2015.

The outlook for the industry augurs well for LED Medical Diagnostics Inc. (TSX-Venture:LMD), a Burnaby, British Columbia-based company providing dentists and oral health specialists with advanced diagnostic imaging products and software.

This morning, LMD announced that its subsidiary, LED Dental provided a business update that outlines ongoing developments in the organization that will be shaping its activities over the next several months.

The company said that it has recently added 3D intraoral scanning and 3D printing technologies to its robust imaging product portfolio through distribution agreements with 3Shape and EnvisionTec Inc. As per the terms of the 3Shape agreement, LED Dental will become a distributor for the TRIOS line of products.

LED Dental’s partnership with EnvisionTec includes state-of-the-art 3D printing technologies into the LED Dental imaging product line, enabling clinicians to rapidly produce crowns, bridges, models, surgical guides and a range of orthodontic appliances right in their office.

LED Medical CEO, Dr. David Gane said that the company is committed to 3D imaging technologies and offering a complete dental CAD/CAM workflow. Dr. Gane further said that EnvisionTec provides world-class solutions that are complementary to LMD’s current product portfolio and the print media will be an additional source of recurring revenue.

Shares of LMD are down slightly on the news and down about 50% over the last 12 months as shareholders wait for the news to translate to higher share prices.

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