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Category: Medical Device Industry

Dec
17

Here’s Why Recall and Liability Claim Trends Are On The Rise

As we head into a new year, we’ve spotted a new trend impacting companies across all industries: product recalls are becoming more frequent, complex, and expensive. Based on our experience and analysis of the data, advanced technology, more efficient processes, complex supply chains and increasingly sophisticated products are creating more risks and challenges. Combine that with regulators’ increased focus on enforcing product safety policies globally, and it’s highly likely this global trend will continue.

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Nov
25

The Recall Trends and Data You Need in The Final Months of The Year

The latest data from our Third Edition Recall Index, the leading recall insights report, confirms recall activity has remained steady, for the most part, for the last 10 months despite the COVID-19 pandemic. However, with cases surging and a turbulent holiday season fast approaching, product safety challenges are on track to be even more difficult to manage as 2020 ends.

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Jun
09

Tracking Med Devices In Patients Poses Special Challenge For Healthcare Industry

Today’s complex high-tech devices continue to cause cybersecurity vulnerability issues, but it’s the medical devices that live on or inside patients, like implants and pacemakers, that are posing a special challenge for the healthcare industry. The problem arises when those medical devices are recalled and the manufacturing company must track down each device to notify a patient of the potential risk.

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Apr
09

Expedited Medical Device Review Leading to More Recalls

The faster a new medical device is approved, the sooner it’s likely to be recalled, according to a new research letter published in JAMA Internal Medicine. While the authors admit the data and findings have limitations, two conclusions they draw are startling: Medical devices approved by priority review were twice as likely to be recalled.

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Mar
19

Recalls During the COVID-19 Pandemic

First and foremost, we hope you and everyone close to you are well. We’re living through an unprecedented time and hopefully you’re able to find some calm and maintain connections. Like each of you, we’ve been working through the COVID-19 crisis, encouraging workers to follow the recommendations of federal, state and local health officials. But as crisis management professionals, we also can’t help but think about the long game.

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