Potential disruptions to order processing or fulfilment, particularly for consumables such as the ICG, could drive hospitals to alternative suppliers to avoid procedural delays.
A recent cyberattack suffered by US medtech firm Stryker Corp, which competes with UltraGreen.ai in selling indocyanine green (ICG) dye used in surgeries, could be a near-term boost for the latter, according to UOB Kay Hian analysts John Cheong, Heidi Mo and Tang Kai Jie.
Earlier this month, Stryker Corp was reportedly hit by an Iran-linked hacking group, disrupting order processing.
