It’s too early to tell how the new administration will affect the device industry, but user fees, the ACA and the FDA regulatory process are top of mind.
‘Value’ is the common thread in PwC’s annual report on top health industry trends.
This year’s event highlighted the continuing global shift in healthcare to smarter technologies that leverage data and improve decision making.
The emerging Asian middle class will soon demand the same healthcare benefits and medical devices as those in Europe and North America.
The rise in healthcare spending, jump in Western diseases, and increasing aging population are driving the market.
Expect to see slow growth and more mergers & acquisitions.
Access to recently developed materials, new technological deliveries and access to new markets are only a few of the trends that have affected changes in the medical device market and industry.
In this interview Brian Williams, Director, Healthcare Strategy and Innovation at PwC, talks about the impact of med-tech trends such as outcomes based reimbursement, lessons learned in emerging markets, and impact of the device tax.
With the advances in technology, FDA has higher expectations from manufacturers as data is more readily available. The integration of other technologies into a comprehensive MES system will drive costs down and quality up.