U.S. Healthcare Industry Witnesses Robust Growth with Continued Focus on Innovation.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- The medical technology industry is an ever-growing one, constantly fuelled by increasing demand from the medical fraternity. Ground-breaking innovations such as drug eluting stents, cardiac rhythm management Cardiac rhythm management is a field of treatment in cardiology. The purpose is managing cardiac rhythm disorders. Usually it involves artificial pacemakers and/or implantable cardioverter-defibrillator therapy as well as antiarrhythmia drugs. devices, joint replacements, intravascular ultrasound Intravascular ultrasound (IVUS) is a medical imaging methodology using a specially designed catheter with a miniaturized ultrasound probe attached to the distal end the catheter. The proximal end of the catheter is attached to computerized ultrasound equipment. , endoscopes, minimally invasive surgical devices, surgical staplers, and lasers in medicine have increased longevity and life expectancy Life Expectancy 1. The age until which a person is expected to live. 2. The remaining number of years an individual is expected to live, based on IRS issued life expectancy tables. . If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest U.S. Healthcare U.S. Healthcare is a now-defunct healthcare company. The logo had an apple. The merger with Aetna In 1996, the company merged with Aetna, calling it Aetna U.S. Healthcare. The U.S. Healthcare apple logo was next to the Aetna name, and U.S. Healthcare under it. U.S. Databook 2007, send an e-mail to Melina Trevino, Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. , at melina.trevino@frost.com with your full name, company name, title, telephone number, e-mail address See Internet address. e-mail address - electronic mail address , city, state, and country. We will send you the information through email upon receipt of the above information. These innovations have dramatically improved overall treatment options for doctors and other medical practitioners by reducing the associated efforts and delivery time. "Devices such as hearing aids Hearing Aids Definition A hearing aid is a device that can amplify sound waves in order to help a deaf or hard-of-hearing person hear sounds more clearly. , dental products and ophthalmic goods, which affect patients' day-to-day lives have also witnessed significant changes in structure and design to aid patients to lead a more normal life," notes Frost & Sullivan (http://www.medicaldevices.frost.com) Healthcare Industry Manager Vaishnavi Ananthanarayanan. "Trends in the medical technology industry are predominantly based on the consolidation of technology to offer more options and versatility in a single equipment or system, and technology-driven user-friendly solutions backed by efficient service." Apart from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. being the largest market for medical technology, it is characterized by very high growth potential. It has been the cradle of innovation for many a revolutionary technology, with companies having spent an average of 11.4 percent of their sales on research and development in 2002. In the past decade, home-based care has gained rapid importance in the United States. This segment, which holds high potential for growth and innovation, has been another strong focus area of the medical technology industry. The diagnostics and reagents sector of the medical device industry has demonstrated extensive R&D, with a focus to customize solutions and provide more accurate diagnosis. "FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. regulatory requirements and the cost of clinical trials and research have been amongst the top influencing factors for the development of new medical technology," states Vaishnavi. "Being the largest in terms of population, production of medical devices, and R&D, the overall medical technology industry in the United States is extremely dynamic and holds high potential for growth." U.S. Healthcare Databook 2007 is part of the Medical Devices Growth Partnership Service, which also includes research on U.S. medical devices and the U.S. orthopedic market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available. Frost & Sullivan, a global growth consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com. U.S. Healthcare Databook 2007 N1A4 |
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