Mod6_pt1_Medical_Devices_Overview

Mod6_pt1_Medical_Devices_Overview - 9/22/2011 Medical...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
9/22/2011 1 Medical Device Industry Overview of Industry PHAR 6010 Introduction to Medical Device Industry FDA Regulated Industry Products Individuals Companies FDA’s Focus Ensuring Medical Devices are “Reasonably” Safe and Effective Establishment Registration (21CFR807) Medical Device Listing (21CFR807) Manufacturing the Product…cGMP or QSR (21CFR820) 2
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
9/22/2011 2 • In 2009, medical device spending totaled $147.0 billion or 5.9 percent of total national health expenditures ($2.5 trillion). 3 Medical Device Spending in the U.S. Source: Gerald Donahoe and Guy King, F.S.A., M.A.A.A “Estimates of Medical Device Spending in the United States” June 2011 http://www.lifechanginginnovation.org/sites/default/files/files/2011_0622FINALGuyKingDraftPaperwithAppendix.pdf 4 U.S. Device Spending vs. National Health Expenditures Source: Gerald Donahoe and Guy King, F.S.A., M.A.A.A “Estimates of Medical Device Spending in the United States” June 2011
Background image of page 2
9/22/2011 3 5 Source: Gerald Donahoe and Guy King, F.S.A., M.A.A.A “Estimates of Medical Device Spending in the United States” June 2011 “During much of the period of this study, 1989-2009, a significant driver of changed medical practice has been the development of new medical devices—from stents to implantable defibrillators to artificial hips and knees to new imaging modalities to new diagnostic tests to new surgical tools. In view of the conventional wisdom about the role of medical technology in driving up costs, it is surprising that the cost of medical devices during this period has risen little as a share of total national health expenditures and, since 1992, has remained essentially constant as a percent of national health expenditures.” 6 U.S. Device Spending vs. National Health Expenditures Source: Gerald Donahoe and Guy King, F.S.A., M.A.A.A “Estimates of Medical Device Spending in the United States” June 2011
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
9/22/2011 4 Medical Technology Industry Overview Source: https://ex.democracydata.com/109123AC9F1A648539E52C80ED71AEFA44BAF6B7/bdb6fbc3-953f-4a26-8bfc- adcf2b456bf1.pdf U.S. Company Revenue by Segment 7 Medical Technology Industry Conglomerate Companies •3 M H e a l t h C a r e Abbott Diagnostics and Vascular Agilent Technologies: Life Sciences Allergan: Medical Devices Baxter: Medical Delivery Corning Life Sciences Danaher: Medical Technologies •C R B a r d •G E H e a l t
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 28

Mod6_pt1_Medical_Devices_Overview - 9/22/2011 Medical...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online