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In 2018, the medical device industry and the FDA came under fire from:
The Implant Files took a global view of the medical device industry and included a team of more than 250 reporters and data specialists from 58 news organizations in 36 countries along with the ICIJ journalists.
The medical device industry is huge. Sales have more than doubled from 2000 to 2018 – growing from around $118 billion to $400 billion. And, the biggest market for devices is the ever-growing Baby Boomers, adults aged 65+. This segment is expected to grow by more than 60% by the year 2030, reaching almost 1 billion people.
It’s no wonder the ICIJ’s investigation called into question whether the “device industry is unnecessarily putting patients at risk of serious harm” in lieu of the all-mighty dollar, profit.
The sheer size and power of the device industry means it has a strong lobby in Washington, D.C., backing it. “Over a 10-year period through 2017, the industry has spent more than $335 million to influence legislation, according to the Center for Responsive Politics. And, the device industry also “funds 35% of the FDA device program’s budget through user fees that are renegotiated every five years.
This video gives a brief overview of the ICIJ work, asking the question, “Why are these implants hurting the patients in our country?” The industry seems to focus on getting products to market more quickly rather than patient health and safety.
Key Findings include
The process to review, approve and even recall medical devices is not consistent on a global basis.
More Implant Files Findings
It is long, but you can read the complete article.
Questions? Our knowledgeable staff is available at (877) 284-6600.
This is an important step you can take. Whether the device is a metal-on-metal hip replacement or a permanent birth control device or something else, you need to report your experience to the FDA.
Manufacturers of devices are required to report adverse events to the FDA, but this does not always happen. Loopholes are found to get around the system.
Knowing when a specific medical device is having problems or causing adverse events helps your doctor to diagnose issues you may be having.
We want to let the big corporations know that it is not all about profit; it is about your health.
Complications from medical devices often pose serious, life-threatening health risks. If you have suffered complications due to a device such as a metal-on-metal hip replacement, contact one of our attorneys for a free, no-obligation review of your situation.
Past results afford no guarantee of future results and each case is different and is judged on its own merits. The choice of a lawyer is an important decision and should not be based solely upon advertisements.