Developing medical devices in general is costly, but there is funding available for companies that are willing to create products specifically for pediatrics.
The agency is creating a virtual center of excellence to expedite the development of combination products.
Companies will soon be able to capitalize on the government’s push to encourage investment in private healthcare facilities.
Having trained biomedical equipment technicians in developing regions can help, but lack of funding is perpetuating a dire situation.
Ernst & Young’s Pulse of the Industry report is out, and once again, it’s not all gloom and doom.