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It’s A New World, Don’t Delay New Business Models, Market Observers Urge

Amplified message at AdvaMed 2013: Device firms must remake businesses to adapt to constrained resources and new market incentives.

Financial resources are tight and the health care world has changed for good. New business models are needed in response. It’s an oft-repeated message to the device industry reiterated last week as AdvaMed’s annual MedTech Conference in Washington, D.C. Market observers at the meeting suggested that the message is sinking in for a broader set of companies, but there is much more work to do.

Financial services firm Ernst & Young offered some stark figures in its latest “Pulse of the Industry” report, released Sept. 24 at AdvaMed 2013

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