Medical Technology Startups In Free Fall As Industry "Grays"
The number of start-up companies in the U.S. medical technology industry has dropped nearly 70 percent over the last three decades amid regulatory challenges and competition for young talent.
The number of new medical technology and device-making startups plummeted to about 600 in 2012 from nearly 1,500 annually three decades ago, according to a new report from medical device industry lobby Advanced Medical Technology Association (AdvaMed), which represents hundreds of companies including Abbott Laboratories, Johnson & Johnson, Stryker and Medtronic.
The number of new medical technology and device-making startups plummeted to about 600 in 2012 from nearly 1,500 annually three decades ago, according to a new report from medical device industry lobby Advanced Medical Technology Association (AdvaMed), which represents hundreds of companies including Abbott Laboratories, Johnson & Johnson, Stryker and Medtronic.