An infographic developed in Europe has elements that should become the guiding philosophy at device companies this side of the Atlantic.

November 11, 2013

1 Min Read
What Should the MedTech Industry Strive to Do in A New World Order? (infographic)

A really interesting infographic has been developed by MedTech Europe, an alliance of medical device industry associations in that continent. Aside from it being a well-designed, interactive infographic, it puts the industry's activities in the most positive light. That is no surprise of course given who developed the infographic, but there are elements in it that are worth paying attention to. In fact, they need to be the guiding mantra at all device companies this side of the pond. 

Clicking through the interactive infographic one comes across three pieces of information:

  • A mass screening program in Finland reduced cervical cancer incidence by 80%

  • Investing in health technology saved Germany 22 billion euros

  • MedTech can reduce hospitalizations of patients with severe heart failure by around 33%

This is the world order that the U.S. is also moving toward. Improved clinical outcomes and reduction in healthcare expenses are the Holy Grail of the Affordable Care Act and device companies are rapidly having to justify costs for their products and provide data to prove that they work not only to the FDA but hospital administrators too.

Understanding how device companies and their products can achieve these dual ends will mean the difference between success and failure in the years to come. It also will mean a much stronger healthcare system.

Here is the infographic from MedTech Europe. 


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[Photo Credit: iStockphoto.com user Emris]

-- By Arundhati Parmar, Senior Editor, MD+DI
[email protected]

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