For more than a decade, the medical technology (medtech) sector has outperformed the overall capital market in terms of financial performance. It has generated a total shareholder return (TSR) of 279 percent since 2001, substantially beating the MSCI World Index, which returned 98 percent over the same period. (See Exhibit 1.) Over the past several years, in particular, medtech companies have performed extremely well. From 2009 through the second quarter of 2013, the sector generated a TSR of 14.8 percent per year.