Changes to the U.S. patent system over the past several years are hurting the medical device industry.

Eb Bright

For generations here in the United States, patents have been the engine of innovation. Whether it’s individual inventors, companies, or researchers at universities, the protections provided by patents for those attempting to make the world a better place have driven improvements that have bolstered our economy, addressed medical crises, and improved our lives. Over the course of time, patents have evolved in parallel with technological advancements from manufactured products to software technology. 

We have seen a seismic shift in patent development, too, as a greater proportion of patents are focused on software in the 21st...

September 15th, 2016
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High Pay—Digital/Mobile Health, Diabetes, Anesthesia Equipment, Orthopedics, Combination Devices, & In Vitro Diagnostics

Those professionals working in the relatively new field of digital health and mobile health earn a median salary of $118,630.

Employees concentrating on diabetes tech make a median salary of $119,000

Medtech employees who said they work on anesthesia equipment reported a median salary of $120,000.

Orthopedics is another device sector where employees said they earn...

September 14th, 2016
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Mid-Range Pay—Wound Care, Drug Delivery, Neurology, Dental, & Surgical Devices

Professionals in these therapy areas fall right in the middle of the median pay range reported by device employees. 

Medtech employees developing the latest in wound care innovations are paid a median salary of $112,500.

Working on drug delivery technology? Your peers said they earn a median salary of $114,000.

Professionals concentrating on the brain with neurology tech bring home a median salary of $115,000.

...

September 14th, 2016
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Low Pay—ENT, Gastro/Uro, Infusion Products, Oncology, & Respiratory

While these device sectors weren't the lowest-paid in our survey, they were near the bottom of the list in terms of median pay. 

Professionals working on ear/nose/throat devices earn a median salary of $107,500.

Gastroenterology/urology device professionals bring home median pay of $108,000.

Median salary for those medtech employees focused on oncology products is $110,000.

Medtech employees working on ...

September 14th, 2016
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What therapy areas pay the highest salaries within medtech? Is your device sector well compensated?

Medtech professionals are passionate about finding solutions to diseases. Creating devices that help patients—that's what many in the medtech field cite as their biggest motivator.

But money can be a motivator too, and some disease areas and device sectors may offer better pay. That's why we crunched the numbers from our annual MD+DI Medtech Salary Survey to find out which disease areas pay the highest...

September 14th, 2016
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Lowest Pay—Regenerative Medicine & Gynecology

Out of the over 20 device disease sectors listed in the 2016 MD+DI Medtech Salary Survey, professionals working in regenerative medicine reported the lowest median salary: $102,269.

The next-lowest pay came from professionals working in the gynecology  product sector. Their median salary is $103,000.

This makes it clear that medtech is a high-paying career—even the lowest median salaries are in the six figures.

September 14th, 2016
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Highest Pay—Cardiovascular, Imaging Systems, Ophthalmic & Radiology

 

The four device categories of cardiovascular, imaging systems, ophthalmic, and radiology/imaging tied for the highest median salaries reported in the survey—$125,000

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September 14th, 2016
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It is crucial that archiving systems be upgraded in order to accommodate the increasing volume of medical images.

Sarah Daren

Medical imaging is one of the most important diagnostic tools healthcare providers have at their disposal. Images are useful not just in the short term, but can have long-term benefit, whether that includes side-by-side comparison with new images to gauge a patient’s progress, or as a tool in research efforts.

In order to retain this valuable information, medical images are required to be archived and saved by law for a certain amount of time—a minimum of 7 years in U.S. hospitals. Some images are kept much longer, depending on the type of image and the age of the patient. Pediatric scans, for example, must be kept until the...

September 14th, 2016
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Former Navy SEAL medic David Rutherford says these advances in medical technology have saved countless lives on the battlefield.

In eight years as a Navy SEAL student, combat paramedic, and SEAL qualification trainer in locations ranging from Guam and Southeast Asia to Afghanistan, David Rutherford witnessed a significant evolution in battlefield medicine.

Beginning in the late 1970s, he said, the focus was on the so-called “golden hour,” a tactic that sought to evacuate injured service members from the battlefield to a military hospital out of harm’s way as quickly as possible in order to increase their chances of survival. But as military engagements shifted to remote locations such as Iraq and Afghanistan and troop numbers have scaled down, the thinking has changed.

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September 12th, 2016
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Forget fears of a dystopian world controlled by artificial intelligence and robots. Patients are enthusiastic about the potential positives drones, robots, and other technology could bring to healthcare.

Marie Thibault

Who is worried about a future full of drones and robots? Not U.S. healthcare consumers. Turns out, we are pretty interested in taking advantage of technology-enabled healthcare and would welcome drones and robots for help in diagnosing and managing diseases.

That was one of the findings from the Deloitte 2016 Survey of U.S. Health Care Consumers. The survey asked 3751 American adults about...

September 12th, 2016
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