Theoretically, even though the tax will have a major negative initial impact on Medical Device companies, it will end up generating more business, due to the increased patient population having access to healthcare, and having procedures which require the use of medical devices. However, that is not likely to happen.
In today’s economic environment, with nationwide unemployment at an all time high, companies are holding on to their cash and investors are holding on to their wallets. Multinational, as well as, medium and small device companies alike are under “revenue attack”
Investment in Medical Device Industry R&D has been negatively impacted in the last few years. Although President Obama views the health care sector as an industry primed for substantial job growth, the AMA projects dramatic shortages in both the physician and nurse populations, if the 2010 health reform law is enacted. If 30 million additional […]
Will The Medical Device Industry finally get a break or just encounter another roadblock? It is clear to all involved in this industry, that the regulatory approval process has become longer and more arduous over the past couple of years. The proof of that statement is that better than half of the 510k with clinicals […]
There are a multitude of complex issues facing the medical device contract manufacturing industry today. Consistent with all businesses in our country, there has been some level of “impact” from the decline of the economy since 2008.
Maintaining quality systems, ensuring traceability, and providing packaging and sterilization validations are key factors that medical device OEMs should consider when evaluating prospective packaging contractors. Highlighting these and other issues is Charlie Ricci, vice president of sales and marketing at Life Science Outsourcing Inc. (Brea, CA).
In just a few weeks the Eighth Annual Medical Device Quality Congress will be held in Bethesda, MD, on June 7-9, 2011. What can US based Medical Device Start Ups and existing multinational device companies expect from this get together? From my perspective, not much. Why? There are no industry representatives asked to participate in the […]