48
Views
2
CrossRef citations to date
0
Altmetric
Perspective

Singular secular Kuznets-like period realized amid industrial transformation in US FDA medical devices: a perspective on growth from 1976 to 2020

ORCID Icon
Pages 745-756 | Received 22 Dec 2021, Accepted 20 Oct 2022, Published online: 02 Nov 2022

References

  • Long V, Holmén M, eds. Technological change and industrial transformation. London: Routledge; 2022. doi:10.4324/9780429423550.
  • Coccia M. Evolution of technology in replacement of heart valves: transcatheter aortic valves, a revolution for management of valvular heart diseases. Health Policy Technol. 2021;10(2):100512.
  • den Bergh V, Jeroen O, Frans (2005): An evolutionary economic analysis of energy transitions, 45th congress of the European Regional Science Association: “land use and water management in a sustainable network society”, 2005 Aug 23-27, Amsterdam The Netherlands, European Regional Science Association (ERSA), Louvain-la-Neuve. •• The author has adapted the four elements accordingly for application to the medical device landscape as generally described in this perspective.
  • Bernard L, Gevorkyan AV, Palley TI, et al. Time scales and mechanisms of economic cycles: a review of theories of long waves. Rev Keynesian Econ. 2014;2(1):87–107.
  • Daizadeh I. US FDA drug approvals are persistent and polycyclic: insights into economic cycles, innovation dynamics, and national policy. Ther Innov Regul Sci. 2021;55(4):743–754.
  • Daizadeh I. Seasonal and secular periodicities identified in the dynamics of US FDA medical devices (1976–2020): portends intrinsic industrial transformation and independence of certain crises. Ther Innov Regul Sci. 2021. DOI:10.1007/s43441-021-00334-4
  • Daizadeh I. Seasonal and Secular Periodicities Identified in the Dynamics of US FDA Medical Devices (1976 2020) Portends Intrinsic Industrial Transformation and Independence of Certain Crises. 2021 Aug 24. doi:10.48550/arXiv.2107.05347.
  • Korotayev AV, Tsirel SV (2010). A spectral analysis of world GDP dynamics: kondratieff waves, kuznets swings, juglar and Kitchin cycles in global economic development, and the 2008–2009 Economic Crisis. Struct Dyn, 4(1). [cited 2022 Jul 11]. https://escholarship.org/uc/item/9jv108xp•• A relatively recent summary of the various types of economic periodicities, including a summary of antithetical positions.
  • Silverstein J. United States Medical Device Regulatory Framework. InMedical Affairs. New York: Jenny Stanford Publishing. 2022 Jan 27. pp: 237–261.
  • Qiu D (2015). RMAF: refined moving average filter. R package version 3.0.1. [cited 2022 Jul 11]. https://CRAN.R-project.org/package=rmaf
  • R Core Team (2021). R: a language and environment for statistical computing. R Foundation for Statistical Computing, Vienna Austria. [cited 2022 Jul 11]. https://www.R-project.org/.•• Strongly recommended as a programming language for non-practitioners.
  • Trapletti A, Hornik K. tseries: time series analysis and computational finance. R package version 0.10-48. 2020.•• Excellent package for manipulating time series data.
  • Borchers HW (2021). pracma: practical numerical math functions. R package version 2.3.3. [cited 2022 Jul 11]. https://CRAN.R-project.org/package=pracma
  • Zeileis A, Grothendieck G. zoo: S3 infrastructure for regular and irregular time series. J Stat Softw. 2005;14(6):1–27.
  • Harrell FE Jr (2021). Hmisc: Harrell miscellaneous. R package version 4.6-0. [cited 2022 Jul 11]. https://CRAN.R-project.org/package=Hmisc
  • National Bureau of Economic Research (NBER) US business cycle expansions and contractions. https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions (business cycle data last updated: 07/29/2021).•• An authoritative source of US economic data and recessions.
  • Food, Administration D. A history of medical device regulation & oversight in the United States. Obtained on 2022 April 25 from: https://www.fda.gov/medical-devices/overview-device-regulation/history-medical-device-regulation-oversight-united-states
  • Hale T, Angrist N, Goldszmidt R, et al. A global panel database of pandemic policies (Oxford COVID-19 government response tracker). Nat Hum Behav. 2021;5(4):529–538.
  • Boroush M. Research and development: US trends and international comparisons. In: Science and engineering indicators. National Science Foundation; 2020. NSB-2020–3. 2020.
  • Daizadeh I. Trademark and patent applications are structurally near-identical and cointegrated: implications for studies in innovation. Iberoamerican J Sci Meas Commun. 2021;1(2). DOI:10.47909/ijsmc.33
  • Daizadeh I. Leveraging latent persistency in the United States patent and trademark applications to gain insight into the evolution of an innovation-driven economy. Iberoamerican J Sci Meas Commun. 2021;1(3):1–23.
  • Daizadeh I. Issued US patents, patent-related global academic and media publications, and the US market indices are inter-correlated, with varying growth patterns. Scientometrics. 2007;73(1):29–36.
  • Daizadeh I. Has the COVID-19 crisis affected the growth of United States food and drug administration drug approvals? The answer is not yet! A time series (forecasting) study. Ther Innov Regul Sci. 2021;55(3):553–557. Epub 2020 Dec 26. PMID: 33367967; PMCID: PMC7765694.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.