Medical Device Boom Abroad Triggers Business Launch at Home

When long-time regulatory affairs and communications consultant Jennifer Bleasdale ended her last contract, she didn’t call her recruiter to find her a new post.  Instead she decided to launch her own company, PenMedica Communications, to meet the regulatory and communications needs generated by the explosion of the health care market worldwide.

Despite the shrinkage of many sectors in the U.S. economy, the healthcare industry reported values of $94.9 billion in 2010, representing 17.7 percent of GDP. And although many healthcare manufacturers felt the slump last year, the industry is still poised for growth, especially abroad.

Many sources are predicting nearly triple-digit growth in the health care market over the next five years.  Places such as China, India and Brazil are making headlines as they accelerate competition in the global marketplace.  As more and more companies try to increase efficiency and trim costs, international mergers and outsourcing contracts are becoming a daily occurrence.  Consequently, there is ever-increasing demand for seasoned regulatory professionals to help meet domestic and international demands for updated regulatory documentation. This spells an opportunity for people like Bleasdale to fill industry needs.

“Regulatory requirements are more stringent all the time, yet companies are running with leaner staffs less able to meet those demands,” said Bleasdale. “PenMedica’s Regulatory Affairs division was created to help organizations fill that gap in an efficient, cost-effective manner.” And while some entrepreneurs are discouraged by the US economy’s depressingly slow recovery, Bleasdale is certain PenMedica will grow right along with the worldwide health care market.

As manufacturers adapt to global expansion through mergers and acquisitions as well as changes in production facilities and methods, regulatory documentation needs to keep pace. Bleasdale’s long industry experience shows that outsourcing regulatory projects to specialized businesses like hers allows companies to streamline their procedures and focus on competing worldwide.

The organization’s website, www.penmedica.com provides information about company services and acts as a resource for health care manufacturing news. PenMedica’s blog will also offer tips on improving procedures and avoiding regulatory and quality pitfalls.

PenMedica Communications offers regulatory consulting and documentation services for medical device, pharmaceutical, and health care manufacturers. PenMedica Communications Marketing Division also provides marketing and advertising copy to the health care industry. More information can be found at www.penmedica.com.