The coronavirus pandemic has cast a spotlight on U.S. reliance on pharmaceuticals made in China, with the Trump administration reportedly considering actions to increase demand for American-made drugs and medical products. The executive order in coming days would likely close loopholes that allow the federal government to buy foreign-made pharmaceutics and medical devices, The New […]
BREAKING: Cardinal Health says Chinese supplier behind massive surgical gowns recall
Chinese supplier Siyang HolyMed outsourced some of its surgical gowns production to a non-registered, non-qualified facility where sterility could not be assured — sending hospitals scrambling after Cardinal Health (NYSE:CAH) recalled 9 million of the gowns after learning of the problem. That was the story Dublin, Ohio–based Cardinal Health disclosed in a news release out after […]
Could the U.S.-China trade war stifle medical device innovation?
Makers of high-value medical devices such as MRI machines will likely swallow the cost of the U.S.-China trade war, but that means cutting R&D and other costs, according to a new report from Frost & Sullivan. The report — “U.S.-China Tariff War Implications for the Healthcare Industry” — also predicts that when it comes to […]
The impact of the U.S.-China trade war on medtech
James McGregor doesn’t believe the trade war is just another trough in the up-and-down relations between the United States and China. In fact, he doesn’t believe the present state of affairs is properly called a trade war at all. “It’s a technology war more than a trade war,” Shanghai-based McGregor said yesterday at the MedTech […]
These 7 trends matter the most for medtech in 2019
The medical device industry is experiencing another eventful year in 2019. Medtech companies face many headwinds, from the U.S.-China trade war to an FDA under fire. But the industry is also seeing the rise of new technologies — especially robot-assisted surgery. In fact, so many major companies are getting involved in robot-assisted surgery that some […]
The U.S.-China trade war: Here’s what it means for medical device industry suppliers
If the tariffs actually make a country great again, it might be Malaysia, Vietnam or Costa Rica, global medical device industry suppliers say. The U.S.-China trade war is certainly affecting where U.S. medical device companies decide to make their products. But don’t expect a bunch of manufacturing to come back to the United States. “They […]
China is the world’s digital health leader
China has leapfrogged ahead of other countries when it comes to digital health adoption, and there are important lessons to learn from the country’s experience, according to a new report from Royal Philips (NYSE:PHG). Most Chinese health professionals — 94% — report using digital health technologies or mobile health apps, according to the Future Health Index […]
What does the U.S.-China trade war mean for medical device companies?
The ongoing trade war between the United States and China affects everything from tooling and mold-building to commodity medical devices when medtech is concerned, according to Mark Bonifacio of Bonifacio Consulting Services. Bonifacio, though, thinks China is too big for medical device companies to ignore: Even if the labor costs savings aren’t as attractive, there is simply […]
Here are the top 5 medtech stories of mid-2018
A growing U.S. trade war with China and other countries casts a pall on medtech — and U.S. business in general — in mid-2018. The landscape of the medical device industry continues to evolve, though. There’s a major corporate spinout in the works, as well as a mega-merger that apparently was not to be. Read […]
Trump tariffs leave medical device companies in the dark
U.S. medical device industry representatives, for now, appear to be taking a wait and see approach as President Donald Trump’s administration wrangles over trade policy and threatens tariffs against China. The status of China tariffs on medical devices is unknown at this time as the Trump administration continues to make changes to its trade policies […]
Trump tariffs would take a $5B bite out of the medical device industry
The U.S. medical device industry could come out as a major loser if the Trump administration ends up fighting a trade war with China, according to experts following the situation. Out of the $50 billion in tariffs against imported Chinese goods that the U.S. Trade Representative is proposing, $5 billion involves medical device and technology […]
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