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AdvaMed-sponsored Study: FDA Less Efficient than EU Regulators

A new study sponsored by the US medical device industry trade association Advanced Medical Technology Association (AdvaMed), “EU Medical Device Approval Safety Assessment,” has found that the European regulatory system has performed just as effectively in terms of public safety as the US Food and Drug Administration while simultaneously providing a speedier and more efficient path to market for manufacturers.

EC Report: Joint Replacement Surgeries on the Rise

A new report issued by the European Commission and the Organization for Cooperation and Economic Development (OECD), Health at a Glance: Europe 2010, shows health-related spending by European governments increasing year over year, with the public sector accounting for the bulk of financing. On average, EU members spent 8.3% of GDP on health-related expenses compared to 7.3% in 1998. Countries including Germany, Switzerland, Austria and France allocate more than 10% of GDP on health, while Cyprus and Romania spend less than six percent.