Brazil, China, and India Expected to Take On the US In Medical Device Innovation

In a 52 page report to be released today PwC has indicated that the US's domination of medical device innovation is slipping.  In part because of the emerging presence of  Brazil, China, and India.

The report indicates that Brazil, China, and India will most likely overtake the US as the leading innovators of medical supplies into the next decade.  Research and capital will most likely go to these nations - which usually provided US firms with grants to conduct their innovative research.

Good paying jobs and supporting infrastructure capital products will likely flow with the migration of medical device innovation.

Currently the United States leads the medical device innovative landscape followed by China and then India.  However, the main pillars of success in this field is quickly dissolving.  The contributing areas include:

• University Involvement in cutting edge research
• A supportive regulatory process
• Patients requesting the latest treatments
• Investment partners