Medtronic Sparks Innovation. Medtronic outline a 10-year plan to create a patient information data management system linking patients, physcians, and its own devices ia the internet and wireless devices. The plan includes an internet platform for disseminating information on medical products and treatments. In addition, it will create a dedicated on-line health information channel for disease focused communities. However, both sides have vastly different guidelines that will pre-empt a settlement in the near future.
European regulations require that devices perform according to product specifications.
The U.S. Food and Drug Administration insists on documentation that proves that products have the ability to improve the health of the patient. Baby Boomers are Aging. The aging baby boomer population should be a big bonanza for the health device and supply industry. Medical devices have a tendency to be used more by the elderly in disproportionate amounts. Another factor is the increase in the life expectancy of the U.S population.