Medical Device Industry Faces ‘Unprecedented Challenges’ (AAMI)
The United States is the world leader in medical devices, but regulations, taxes, and other factors could knock it off its perch, according to a new study.
“The U.S. medical device industry—known for producing life-saving innovations and creating millions of jobs across the country—is facing unprecedented challenges that could prove catastrophic not only to the industry itself and to the livelihoods of its employees, but to the health of the patients who benefit every day from its technologies,” reads the study, The U.S. Medical Device Industry in 2012: Challenges at Home and Abroad, which appeared in the online edition of the biomedical publication MDDI (Medical Device and Diagnostic Industry) on July 17.
Written by Yair Holtzman, director of Global Life Sciences at the consulting firm WTP Advisors in White Plains, NY, the study analyzes the strengths, weaknesses, and opportunities of the device industry.
It says funding from a strong venture capital infrastructure and talent from top-notch medical schools helped grow the U.S. device market. “U.S.-based companies dominate the roughly $350 billion global device industr...
