Top Device Stories Of 2010: Waiting For The Other Shoes To Fall
For much of the device industry, 2010 felt like a transition year, breeding uncertainty in a number of important areas, including the economy, health care reform, and impending changes to the 510(k) process. A review of the year just ended turns up these stories: Device M&A on the Rebound; Is A First-Mover Advantage Emerging In Medtech? Boston Scientific Is Back In The Game; Early-Stage Deals In Decline; The Future Of Medtech: Where Private Investment Dollars Are Flowing; Transcatheter Valves Take Center Stage; Spine's Downturn; Diabetes Assumptions Begin To Shift; A Landmark Year In Ophthalmology; Health Reform In 2010: A Beginning, Not An End; Changes At FDA: 510(k) Reform Takes Shape, and finally, Is Physician Choice In Product Selection In Danger?
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For much of the device industry, 2011 was marked by continuing change across the medtech ecosystem, most notably in the economy, the regulatory process, and the financing/innovation model. For 2012, we predict more of the same: the only certainty is continuing uncertainty.
EBI’s device team reviews of the top news stories in the medical device industry in 2011. Top stories include: 510(k) reform, user-fees, VC money dries up for medtech, hot clinical spaces of the year, where private investment dollars went in 2011, big changes at J&J, and the new physician/hospital alignments and their impact on the medical device industry.
By some estimates, nearly half of all physicians in certain specialties are no longer independent practitioners, but work within some collaborative arrangement with hospitals as full-time employees. Cardiologists and cardiovascular surgeons are leading the way, but orthopedic surgeons aren't far behind. In a session at this year's American Academy of Orthopedic Surgeons meeting, entitled "Hospitals Buying Surgeon Group Practices: Passing Trend or New Paradigm?," surgeons, hospital executives, and consultants offered their thoughts as to where this trend might lead.