A new study of premarket approval applications (PMAs) indicate that physician inventors are playing a significant role in inventing of medical devices.
The study in Med Care of May 2013 entitled “How much do physician-entrepreneurs contribute to new medical devices” concluded:
On average, physician-founded companies account for 11% of the information in PMAs, compared with 4% from nonphysician-founded companies. Regression results show that incumbents are significantly more likely to cite physician-founded companies’ patents and to incorporate them into new devices.
Physicians are an important source of medical device innovation.
For physicians interested in becoming a successful inventor, SEAK Inc. has a streaming course “How to Become a Successful Physician Inventor: Bringing Your Ideas to Market”.