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Medical technology and biotechnology companies must quickly change their business model in order to survive

The medical technology sector is weathering a perfect storm, caused by three concurrent trends: the move toward value-based health care, growing regulatory pressures and resource constraints within the industry itself.

Innovative strategies are essential for these companies to survive and grow, says the EY annual survey - Pulse of the industry: medical technology report 2013.

Tthe new technology alone is not enough anymore to ensure compensation in the medical system. It must generate health improvements that can be proven and to be effective in terms of costs. The good news is that today, medical technology companies experience in a hitherto unprecedented rate, approaches and new ways to create and deliver value in a creative way", says Bogdan Tenu, Senior Manager EY Romania.

For more information, please read the Romanian version of the article, here, or download the attached report.

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