By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Left to Our Own Devices
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Health Reform > Left to Our Own Devices
BusinessHealth ReformMedical Devices

Left to Our Own Devices

JohnCGoodman
JohnCGoodman
Share
1 Min Read
SHARE

U.S. companies have led the world in the development of medical devices. According to an analysis by the consulting firm PricewaterhouseCoopers, 32 of the 46 medical technology companies with annual sales exceeding $1 billion are based in the United States … But as a prototypic example of the impacts of wrongheaded public policy, the medical device sector is being ravaged by unwise and excessive federal regulation … Even without a further tightening of regulation, a recent study from Stanford University professor Josh Makower … [finds] that European regulators approved medical technologies significantly faster than their FDA counterparts. For lower-risk products, Europe’s approval times were two years shorter than in the United States, while for higher-risk or more experimental devices, the disparity was more than 3 1/2 years. (The rates of recall are similar, so FDA’s more indolent approvals appear not to offer any premium on product safety.)

Device companies are voting with their feet. They have begun to move R&D and manufacturing offshore and even to write off the U.S. market for certain products that are so over-regulated that financing for their testing is unobtainable.

Full article on the potential consequences of medical device over-regulation.

More Read

Costs of Care 2012 Essay Contest Winner: Looking for a Light Switch
The Role of Wearable Tech in Prescription Medicine
Can a $3 Million Prize Solve a $2.5 Billion Dollar Problem?
What If You Could Sell Your Vote?
Bonuses for Broccoli
TAGGED:FDAhealth care businessmedical devices
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

Nurse Scheduling Software
Evaluating 7 Best Nurse Scheduling Software
Nursing Technology
October 28, 2025
contamination
Batch Failures And The Hidden Costs Of Contamination
Health Infographics
October 21, 2025
Medication Management For Seniors
Simplifying Medication Management For Seniors
Infographics Senior Care
October 21, 2025
Guide To Pursuing a Career in Nursing as a Foreigner in the USA
Collaboration Is the Prescription for Better Patient Care
Health
October 20, 2025

You Might also Like

What is an Accountable Care Organization (ACO)?
BusinessFinanceHospital Administration

ACO Prescription: Cure or Disease? [INFOGRAPHIC]

October 10, 2014

Emergency Nurses: An Overabundance of Violence

November 11, 2015

IT Strategy for Health Plans: Interview with ikaSystems CEO Joe Marabito

August 11, 2014
marketing your new medical practice
Business

7 Tips for Effectively Marketing a New Medical Practice

November 27, 2013
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?