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
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    magnesium water can be good for your health but you can't have too much
    Is Drinking Magnesium Water Good for Your Health?
    October 17, 2023
    common misconseptions about brain injuries
    4 Common Myths and Misunderstandings About Brain Injuries
    February 5, 2023
    get a career in medical device sales
    What Are the Benefits of Attending Medical Sales College?
    April 10, 2023
    Latest News
    How Probate Planning Shapes the Future of Your Estate and Family Care
    July 17, 2025
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Elective Coronary Stenting: A Case in Context
    August 3, 2011
    PSA screening: Does It or Doesn’t It?
    March 16, 2012
    Rick Perry Needs To Make Up His Mind
    September 19, 2011
    Latest News
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
    How Health Choices and Legal Actions Intersect After an Injury
    July 17, 2025
    How communities and healthcare providers can address slip and fall injuries with legal awareness
    July 17, 2025
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
  • 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
BusinesseHealthHealth 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.

TAGGED:HealthVaultHIT
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
How IT and Marketing Teams Can Collaborate to Protect Patient Trust
Global Healthcare Policy & Law
July 17, 2025
paramedics in surgical gloves and masks
How Health Choices and Legal Actions Intersect After an Injury
Health care
July 16, 2025
a woman giving a key
How Probate Planning Shapes the Future of Your Estate and Family Care
Health
July 16, 2025
a woman with kinesio tapes on her back arm
How communities and healthcare providers can address slip and fall injuries with legal awareness
Health care
July 16, 2025

You Might also Like

California Medical Association Recommends Legalization of Marijuana

October 17, 2011

Facebook Adds Suicide Button To Report Potential Harmful Behavior

December 14, 2011

Peter Diamond for Chief Economic Adviser

June 8, 2011
BusinessNewsPolicy & LawPublic Health

Physicians Surveyed Gloomy About Healthcare Reform

March 13, 2012
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?