Trade war’s impact on medical technology industry a focus at MedTech Conference

The ongoing trade war between the United States and China, one of 2018’s biggest economic storylines, has continued to be a hot topic among healthcare providers and vendors.

Scott Whitaker, CEO of the Advanced Medical Technology Association (AdvaMed), discussed the months-long dispute on Sept. 24 at the annual MedTech Conference in Philadelphia.

“If the trade war continues and escalating continues to grow, there will be more impact,” Whitaker said, as quoted by Forbes writer Bruce Japsen.

During a presentation to member companies, the association emphasized that these tariffs involve both Chinese and U.S. products. They are estimated to impact $4.7 billion in U.S. medical technology exports alone.

AdvaMed advocates for policies throughout the world seeking to provide patients with timely access to high-quality care. The association has been vocal in recent months about its desire for the medical device tax to be permanently repealed.

Click below to read the full story from Forbes.  

Michael Walter
Michael Walter, Managing Editor

Michael has more than 18 years of experience as a professional writer and editor. He has written at length about cardiology, radiology, artificial intelligence and other key healthcare topics.

Around the web

CMS has more than doubled the CCTA payment rate from $175 to $357.13. The move, expected to have a significant impact on the utilization of cardiac CT, received immediate praise from imaging specialists.

The all-in-one Omni Legend PET/CT scanner is now being manufactured in a new production facility in Waukesha, Wisconsin.

After reviewing years of data from its clinic, one institution discovered that issues with implant data integrity frequently put patients at risk. 

Trimed Popup
Trimed Popup