Medical Devices Competitiveness and Impact on Public Health Expenditure

Pammolli, Fabio and Riccaboni, Massimo and Oglialoro, Claudia and Magazzini, Laura and Baio, Gianluca and Salerno, Nicola (2005): Medical Devices Competitiveness and Impact on Public Health Expenditure. Published in: Entreprise Directorate-General, European Commission (2005)

Abstract

This study provides an analytical overview of the state of the European Union medical device industry. The medical device industry sector encompasses an extremely large variety of products and technologies. It covers hundreds of thousands of products that range from more traditional products, such as bandages or syringes, to sophisticated devices that incorporate bioinformatics, nanotechnology and engineered cells. These are designed for use by practitioners, patients and healthy individuals in a variety of settings: hospitals, surgeries and private homes. Besides being a vital and innovative industry, medical devices are a key component of healthcare systems and represent, together with pharmaceuticals, the bulk of ‘medical technology’. The analysis of the sector must therefore investigate medical devices as an industry – an innovative contributor to the economy – as well its key input to healthcare systems. The following aspects are taken into account: a) the impact of innovation in medical devices on health costs and expenditure; b) the innovativeness of the European medical device industry; c) the competitiveness of the European medical device industry as compared to that of the United States and Japan.

• Item Type: MPRA Paper
• Language: English
• Keywords: healthcare expenditure; medical devices; competitiveness; innovation
• Subjects: H - Public Economics > H5 - National Government Expenditures and Related Policies > H51 - Government Expenditures and Health; I - Health, Education, and Welfare > I1 - Health > I18 - Government Policy ; Regulation ; Public Health

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