PESTEL Analysis of the Medical Devices Industry in Australia
Political
The medical devices industry in Australia has become the focus of political leaders in recent months. For instance, the Australian Senate launched an investigation into regulation of the medical device regulation in response to growing concerns about Poly Implant Prostheses breast implants. According to Murphy (2012), "The inquiry, which is being conducted by the Senate's Community Affairs Committee, follows a senate committee inquiry into Australia's medical device regulation that was completed late last year and that generated 18 recommendations on how to improve the regulations" (p. 1). Increased regulatory oversight, though, is complicated by the very nature of the medical devices industry. According to Breton and Stinson, "The medical device world is a shapeless blob" (2010, p. 27). This point is also made by Egan (2001) who emphasizes that while there have been a number of major pieces of legislation regulating medical devices passed in recent years, "Many small companies had taken no action as they do not regard their products as medical devices" (p. 194).
Economic
The nebulosity of the medical devices industry makes its economic impact difficult to calculate (Breton & Stinson 2010). As an...
Breast Implants What does the breast implant controversy reveal about society's attitudes toward product safety, about the legal liability of manufacturers, and about the role of regulatory agencies like the FDA in protecting consumers? The breast implant controversy is illustrating how the public will often disregard product safety. The reason why is because: celebrities, millionaires and other affluent individuals are having these procedures done. This means that consumers will begin following the
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In most societies, FGM is considered a cultural tradition, which is often used as an argument for its continuation. Though a tremendous range of practices fall under the title of female genital mutilation, understanding what is involved in the process really helps one understand why it is internationally condemned as a violation of human rights. The most drastic type of female genital mutilation is infibulation. A standard infibulation process is
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