Small Medium Enterprises: The Powerhouse of Innovation for Medical Device Industry----Aarkstore Enterprise Market Research Aggregation

Aarkstore announce a new report  "Small Medium1 Table of Contents
Enterprises: The Powerhouse of Innovation for Medical1 Table of Contents 2
Device Industry" through its vast collection of market1.1 List of Tables 4
research report.1.2 List of Figures 5
Small Medium Enterprises: The Powerhouse of2 GlobalData Viewpoint 6
Innovation for Medical Device Industry2.1 Summary 6
Summary2.2 The global medical technology industry is
Rapid innovation is a pre-condition for survival ofdominated by SMEs; 95% of the total number of
medical device companies, given the quick turnaroundmedical equipment companies are SMEs 7
time of the product innovation cycle. Aging population2.2.1 Bulk of the small and medium businesses in
and swelling healthcare expenditures across the worldmedical technology are headquartered in North
are pushing medical device companies to find costAmerica and Europe 9
efficiencies and bring down product costs, again putting2.3 SMEs are an Important Contributor to a
pressure on speedy innovation.Country’s Economy 10
Small and medium business enterprises (SMEs) have2.4 SMEs Are a Major Source of Innovation and
traditionally played a crucial role in the development ofAccount for Bulk of Pipeline Products in the Medical
new products in the biotech and medical deviceDevice Sector 10
industry. These firms due to their quick adaptability,2.4.1 Majority of pipeline products in medical technology
ability to identify market niches, and considerableare developed by SMEs 11
innovative potential form an important component of2.4.2 In-Vitro diagnostics, cardiology and orthopedics
the healthcare industry worldwide. Accounting forare the most common focus areas being developed
more than 50% of all pipeline products, they have aby SMEs 11
significant role in the future of healthcare industry.2.5 SMEs Depend on Various Funding Sources, Which
Analysis of 3,988 products currently in pipeline revealsare Under Pressure Due to Recession 15
that 56% of them are being developed by small2.5.1 Government Plays an Important Role in Providing
businesses. By 2008, 95% of the medical deviceAccess to Funding 17
sector was comprised of SMEs. Moreover, analysis of2.5.2 Funding provided by VCs and PEs Hit Due to
1914 pipeline products revealed more than 80% of allRecession 18
products being developed by companies2.5.3 Sluggish IPO Market Hits Growth Stage
headquartered in the US.Companies 18
Most of new product development activity was2.5.4 Despite Increased Focus on SMEs, Gaps Remain
observed in high growth therapy areas such as in-vitroin Funding 19
diagnostics, cardiology and orthopedics. 59% of all2.6 Provision of Risk Capital through Government
pipeline products developed by SMEs were focused inSupport and Industry Collaboration Required to
these therapy areas. This is in line with medical devicePromote SME Growth in the Future 19
companies trying to capitalize on the aging population in3 Appendix 21
key markets such as US and Europe. Improving cost3.1 GlobalData Research Methodology 21
efficiency and reducing healthcare costs are few of3.2 Secondary Research 22
the key factors driving the new product development3.3 Primary Research 23
in diagnostics, home monitoring and minimal invasive3.4 Models 23
technology.3.5 Forecasts 24
Scope3.6 Expert Panel Validation 24
- The study talks about the recent developments in3.7 Currency Conversion 25
the medical device industry and the impact of small3.8 Contact Us 26
medium enterprises (SMEs) on the market.3.9 Disclaimer 26
- It provides information on the composition of the1.1 List of Tables
medical device industry in North America and Europe.Table 1: Pipeline Analysis of SMEs 13
- It also discusses briefly about the geographicTable 2: USD to Local Currency, Average Exchange
break-up of SME medical devices, the share of pipelineRate 2008 25
products developed by SMEs and the pipeline analysis1.
of SMEs.