Before I go into more detail on our third quarter results, I'd like to spend a moment discussing the overall health care products marketplace. In the U.S., we have not seen any significant change in volumes, procedures or utilization in the last few months. Volumes remained depressed, largely due to continued high levels of unemployment and delays in elective procedures.In Europe, austerity programs and the economic slowdown continue to pressure all of med tech.
Covidien Management Discusses Q3 2012 Results - Earnings Call Transcript
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