I read an article in Businessweek that indicates the once U.S. centric medical device business is going global. The article highlighted that a number of startups are forming overseas. According to Jonathan Medved, founder and CEO of Jerusalem-based OurCrowd, “Traditionally, people have been very focused on the U.S. market, but now they are making sure a device is efficient enough to be sold in places like India and China.” If you only focus your device for the U.S. market, you risk competitive pressures.
Topics: Global Business, Jonathan Medved, Medical Device Industry

