Medical Devices Today has an interesting look of the continuing growing importance of internal markets for medical device manufacturers.
From clinical validation, to revenue generation, and regulatory approvals, Europe and growing markets in Asia and other developing markets are more and more attractive to device executives and investors.
Here is an excerpt:
Their searches have led them primarily to Europe, where a shared history and far more predictable regulatory path beckon. Start-ups in recent years have recognized Europe's markets as not only potential sources of revenue but also proving grounds for their devices which can be vetted by some of the more capable surgeons in the world.Read the full article on the Medical Devices Today website [subscription required].
Device executives looking to the Old World for commercial launches hope their products can gain enough regulatory approvals, commercial traction, and clinical data to force open the gates to the US market.
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Categories: medical devices