| Venture capitalists are always on the lookout for | | | | process more tiresome, prolonged and intricate. |
| good business opportunity and medical device | | | | Healthcare IT has got a boost with stimulus package |
| investing is one such area. The global medical devices | | | | by the Obama administration. The pricing still remains |
| industry with annual sales in 2209 surpassing USD 220 | | | | an issue that needs to be addressed, but with |
| billion and is quite huge, innovative and highly | | | | gradual increase in the economic outlook, this too will |
| competitive. Of this, US alone occupy 41% of the | | | | be taken care of. Companies with wide range of |
| share. | | | | products will bounce back with decent returns. |
| Medical device like ultrasound machine, stents for | | | | One of the major drawback remains the longer |
| clogged arteries have seen a bumpy ride due to the | | | | duration required to get a useful product, tried and |
| economic slowdown. Over several quarters, the | | | | tested, to be launched in the market. Another is the |
| healthcare industries have been one of the main | | | | high risk factor associated with the industry. |
| focuses of the venture capitalists across the globe. | | | | However, this is being dealt with more structured |
| Looking back at years 2004-2009, there has been a | | | | deals being sketched out for the industry to limit their |
| rise in the investments in medical devices, although | | | | investment money just in case of any product failure. |
| there have been rough patches in the industry too. | | | | Even though, the venture capitalists have shied away |
| Like any other industry, this too has positive and | | | | from making long commitments in the economic |
| negative sides. The 510(k) reform seeks additional | | | | downturns, medical device industry still are a |
| information regarding efficiency and safety of the | | | | promising sector with an upswing in the economic |
| medical devices. However, there is section in this | | | | indicators. |
| reform that, if implemented, will make the whole | | | | |