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Startup Outlook 2013 Medical Device Tax infographic
 

Startup Outlook 2013 Medical Device Tax infographic

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New medical devices improve patient outcomes, reduce costs, create jobs and contribute to a healthier US economy and balance of trade. For nearly a decade, rising regulatory costs, delays and ...

New medical devices improve patient outcomes, reduce costs, create jobs and contribute to a healthier US economy and balance of trade. For nearly a decade, rising regulatory costs, delays and uncertainty have made it harder for medical device companies to succeed. The Medical Device Tax that went into effect on January 1, 2013 is compounding other challenges that threaten US leadership in medical device innovation. This report is based on responses from medical device startups who participated in Silicon Valley Bank’s annual Startup Outlook survey.

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    Startup Outlook 2013 Medical Device Tax infographic Startup Outlook 2013 Medical Device Tax infographic Presentation Transcript

    • Startup Outlook 2013Unintended Consequences of the Medical Device TaxNew medical devices improve patient outcomes, reduce costs, create jobs and contribute to a healthier US economy and balanceof trade. For nearly a decade, rising regulatory costs, delays and uncertainty have made it harder for medical device companiesto succeed. The Medical Device Tax that went into effect on January 1, 2013 is compounding other challenges that threaten USleadership in medical device innovation. Nearly 100 medical Invest less in R&D 38% device startups told us how they will respond 34% to the medical device tax. Pass costs to customers Expand overseas 28% versus Try to raise domestically 23% additional capital 23% 23% Reduce staff / hire less Shift resources away from growthsvb.com/startup-outlook-report/