Found 2 article(s) for author 'medical devices'

Who Drives Digital Innovation? Evidence from the U.S. Medical Device Industry

Who Drives Digital Innovation? Evidence from the U.S. Medical Device Industry, Ariel Dora Stern, 2019, Paper, “Does the large-scale technological change that is characteristic of an industry-wide digital transformation entrench industry leaders or enable the rise of new entrants? We offer a novel approach to this question by studying the medical device industry, a unique setting in which we observe all new product commercialization over several years and in which the introduction of software has created fresh opportunities for new product development. Pioneering a new application of text analysis, we consider over 35,000 new medical devices that came to market in the United States from 2002 to 2016 in order to identify digital products. We examine the relative importance of within-firm know-how, geography, and financial resources in predicting digital new product development. We find that prior product-area commercialization experience and location in a region of concentrated expertise reinforce one another as predictors of digital innovation.Link

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How Does Product Liability Risk Affect Innovation? Evidence from Medical Implants

How Does Product Liability Risk Affect Innovation? Evidence from Medical Implants. Hong Luo, July 2, 2018, Paper, “Liability laws designed to compensate for harms caused by defective products may also affect innovation incentives. This paper examines this issue, exploiting a major quasi-exogenous increase in liability risk faced by US suppliers of polymers used to manufacture medical devices implanted in human bodies. Difference-in-differences analyses suggest that the surge in liability risk had a large and negative impact on downstream innovation in medical implants but no significant effect on upstream polymer patenting. These findings show how tort laws may affect the development of new technologies and how liability risk may percolate through an industry’s vertical chain.Link

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