Medical Devices College Essays Samples For Students

A Summation Of The Safe Medical Devices Act

The SMDA Act is an act that sanctions the progressive reporting as well as tracking the regulations for the use of the medical devices. The medical devices defined under the Act involve the devices classified within the consent of the Medical Device Regulation Act. The Act is responsible for the mandate of reporting the requirements made by the manufacturers of medical devices.
The requirements hold with regards to the safety events as well as the product efficiency of the said devices. Based on the Act, the devices are classified with a substantial equivalence to the class II medical devices ( ...

The Safe Medical Devices Act (SMDA) is federal legislation that promotes the security and safety of medical devices and products. In particular, the Act came into existence back in the 1990s owing to the need by the government to combat injuries and illnesses brought about by the consumption of wrong products (Curfman et al. 976). From MedWatch, the hospitals have to follow laid down instructions on how to report mishandling of medical devices. The instructions from med watch also govern the administration and prescription of over-the-counter medicines ("MedWatch Voluntary Report"). The Safety Medical Act requires hospitals to report any ...

The medical industry is acknowledged as one of the most significant sectors in every society. This is because of its main objectives that are targeted towards saving lives of individuals in the society. This task cannot be easily achieved without technology. The 21st century technological advancement has contributed immensely to progress in the medical industry. The medical industry is characterized by high level of innovation, every 18-24 months, a typical medical device is replaced by an improved version (MTAA, 2011: Smith, 1999; Tandy, 1996).
In order to ensure that this technological advancement in the medical industry does not scale ...

Discussing Modern Electronic Records, Online Venues and Mobile Devices

INTRODUCTION
This is the 21st century, an era of ever-increasing advancements in the realm of science and technology. Year after year more advanced, more innovative and more efficient technologies continued to be developed. We see this in how many people rely on technological devices, like computers, “i-pads” or tablets and smart phones, to fulfill their job requirements, to gain an education and in their every day social lives. There are no major industries that have not developed or placed their dependence in some kind of technology, be it farming and manufacturing or banking and construction; the healthcare industry is ...

Company Analysis: Qatar German and Company Medical Devices

About the paper
The paper is commissioned to conduct a comprehensive financial analysis of Qatar German and Company Medical Devices(QGMD). As part of this analysis, we will be focused on discussing the outcome of the ratio analysis and will also compare the results with the industry averages. Important to note, as we are looking for a detailed analysis, we will be using multiple financial ratios relating to liquidity, profitability, solvency, efficiency and market based ratios.
In addition to the ratio analysis, we will also calculate the intrinsic value of the stock using the price/revenue method. Important to note, ...

According to a World Health Organization (WHO), it is estimated that one-third of the world’s population doesn't have regular access to vital medicines. More than 50% of populations in parts of Africa and Asia and more especially in India where the people lack direct access to the essential and most necessary drugs. Despite the fact that India has low drug prices, only a third of the population has access to essential medicines, and even fewer people would have access to these drugs with the introduction of pharmaceutical patents. Access to medication is a fundamental right for every human ...

20 April 20, 2016

Qatar German Co. Med manufactures various medical devices and its headquarters is located in the Middle East. Their website states that they house a “state of the art production facility” and that they design, manufacture, and deliver quality and innovative medical devices. The company mentions that it partners with technology providers from Germany, Switzerland, and Italy in order to provide innovative products. The company anticipates a rapid growth in the market for medical devices as their demand is widespread worldwide.
Although the company projects rapid growth in the future for medical device manufacturing, the industry ...

Baxter Company is an international healthcare company that specializes in pharmaceuticals, medical devices and biotechnology. This company majorly operates in Europe and North America. On the other hand Express Scripts is a pharmacy benefit management company that is based in the US. UnitedHealth Group is one of the leading and most established health and wellbeing company. It serves over 70 million Americans to date (UnitedHealth Group, n.d.)

Similarities

Strengths
One of the strengths that Baxter International and Express Scripts have is a diversed customer base. This is because of their diversified health company. They are not reluctant on only one ...

Trends in Healthcare Costs

Over the last three decades, the healthcare sector has grown rapidly. This has been necessitated by a growing population and their increasing demand for healthcare as well as the increasing complexity of illnesses presented within the healthcare sector. On the other hand, he globalization issues have also necessitated that the healthcare adapts to the needs of a more diverse population and hence growth (Kaiser Family Foundation, 2016). This growth has been tremendous and there is no doubt that the costs of care have been affected significantly. In the 1970s, the cost per individual was estimated at $356 but this ...

The information technology (IT) industry has advanced significantly over the past few decades. Technology is not only ubiquitous, but also integral to every aspect of the society. Since the devices and components related to IT are interdependent, any disruption caused to one may affect the other. Over the past years, there has been a raising concern with regards to protecting IT systems from cyber-attacks, which have increased drastically over time. Therefore, cyber security refers to the act of protecting IT systems, including computers, software, hardware and related devices from attacks, threats and disruption . It plays a significant role in ...

Questions

1. What is the procedure for the approval of a medical device?
The FDA's Centre for Devices and Radiological Health executes this mandate. They have the final say on who manufactures, repackages or imports medical devices for use in the US. The medical devices are grouped in classes: I. II and III. These classes depend on the need for controls, exemptions and premarket approval. There is an increasing severity of the regulation procedure from class I to Class III (FDA, September 2014).
The following are steps that are followed in the registration and regulation procedure. First, the sponsor (manufacturer ...

DRUG DEVELOPMENT AND REGULATORY INTERACTIONS.An overview of drug interactions and activities in drugdevelopment. A drug is any component in the body other than food that is intended to affect the properfunctioning of human bodies or the animals. Drugs can be used in various ways including diagnosis, treatment, cure and prevention of diseases in humans and animals. Drug development refers to the continuum stages that are involved at each stage of development. The authorities have to be involved in the drug development process with a view of ensuring the safety of human. The drug must be taken through stages in its ...

DRUG EVALUATION IN CLINICAL PRACTICE

FDA has established the Centers for Drug Evaluation and Research (CDER) to evaluate new drugs before they can be sold. The aim of drug evaluation is to prevent quackery and to provide the necessary information to the doctors and patients so that they can use the drugs wisely. Drug evaluation process ensures that both branded and generic drugs work correctly and their benefits outweigh their risks. The pharmaceutical companies test their drugs to prove their safety and effectiveness for the intended use. The results of these tests are then shared with the CRERs where clinicians, statisticians, chemists, pharmacologists and ...

Introduction

The world has witnessed the existence of food riot over the years. The most recent was the food global crisis that occurred sometime between 2007 and 2008 and affected some 22 countries and caused drastic changes worldwide. The cause that was cited with the incident was that the population growth had outpaced the food production both in a worldwide scale. However, economists have cited diverse causes of the food crisis particularly in pricing. The public only paid attention to the issue when the media highlighted the riot on food production and acquirement but the crisis is already working long time ...

Health Care In Saudi Arabia

Introduction:
The Saudi Arabian Ministry of Health supervises all public and private healthcare and hospitals. They use a two tier system of primary healthcare centers along with urban and specialized facilities. When the Kingdom of Saudi Arabia was established in 1932 one of King Abdulaziz’s first priorities was to initiate a free modern health care system for citizens and Islamic pilgrims. The Saudi government set up facilities across Saudi Arabia and the results were spectacular. Life expectancy climbed, infant mortality dropped and diseases like malaria and smallpox that were once epidemic just about disappeared. The healthcare system has benefitted ...

Analysis of the environment

Johnson and Johnson currently operate over 250 subsidiary companies in 57 countries. It is the world’s largest healthcare company comprising of three segments: pharmaceuticals, medical devices and diagnostics and consumer products.

There are two sets of forces that Johnson and Johnson’s faces in its current environment: competitive and contextual environments.

The competitive environment can be analyzed using Michael Porter’s five forces model while the contextual environment can be analyzed using PEST (Political, Economic, Social and Technological).

Contextual Environment- PEST analysis

Political environment- Dynamic policies and political regimes: The political scene on the local, regional and national front affects the operations ...