Future medical innovation may flourish offshore

While the U.S. continues to be a worldwide leader in producing innovative medical technology, innovators increasingly are going outside its borders to countries such as China, India, Brazil, or "to seek clinical data, new-product registration, and first revenue," according to a new report from PricewaterhouseCoopers (PwC). Overall, the nature of innovation is changing as developing nations are becoming leading markets for "smaller, faster, more affordable" equipment that can provide delivery of healthcare anywhere and help bend the cost curve down at the same time, notes PwC's new "Medical Technology Innovation Scorecard," which looks at results in nine countries. --Read the full article in FierceHealthIT

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