Introducing Innovative Robotic Patient Medical Devices
For many innovative medical device companies, robotics can present a unique opportunity for enhancing or improving patient care and the overall patient quality of life. As companies look to develop new medical technologies that enhance patient outcomes, they must take into consideration the global market for medical devices and the potential for entrance into the United States. With an estimated market size of $160 Billion (USD), the US accounts for approximately 40-45% of the global medical device industry and presents a tremendous opportunity for any medical device innovator. As companies and innovators of any size develop robotic medical devices, it is important to understand the US market and the challenges that come with it. Great medial innovations can fail completely if they are not partnered with a great US market entrance strategy. Understanding the FDA regulatory process, US healthcare reimbursement, importation, distribution and patient acquisition for new medical devices will improve your chances of success in the US medical device market.