Medical Device & Product Manufacturers Have Stifled Advances in Medicine

Medical Device Market has been a close nit community. It’s hard to penetrate this group and get information about any medical product used in healthcare industry. Since 1980s manufacturers marketing medical device and products are protecting their investment and have stifled advances. International policy about medical devices and reimbursement process are often dictated by major corporations and so new product development and use are prevented.

New device manufacturers are neither investing nor funding advances because they are finding it hard to penetrate the device market without the help and support of major corporations. This is not only preventing advances but has now resulted in increasing contaminated hospital waste polluting our environment, colonizing hospital equipments and computers and are encouraging antibiotic resistant bacteria spread.

Medical innovations, investment in developing new medical products and advances in the present financial climate is difficult. Major manufacturers discourage investment in helping medical professionals develop new technology and procedures. Investors are keen to invest in computerization, equipments that help in investigations and long-term drug treatment.

It will be very difficult for doctors to continue managing their patients and offer treatment with no antibiotic to treat or prevent spreading infections. I sincerely hope people involved in manufacture, marketing people, investors and end users of medical device and product development will join hands, communicate and help one another to bring in changes that could save medical profession and the industry.