Interesting Statistics You Should Know About Defective Medical Devices
You Should Know Newsletter $133 Billion The size of the United States medical device market is expected to surpass $133 billion by 2016. At $110 billion, it is currently the largest medical device market in the world. 71% Failed A 2011 study found that 71 percent of Class I medical device recalls (those deemed most likely to cause serious adverse outcomes or death) were cleared through the FDA’s 510(k) fast-track approval process. 1,190 Recalls According…