Fusões e aquisições na indústria de dispositivos médicos: como pequenas empresas inovadoras são compelidas a se fundir

Abstract

This work examines the concentration of the medical device industry and its impact on health services, allowing a better understanding of the dynamics of mergers and acquisitions in the medical devices sector and how the demand for innovation influences the stakeholders’ choice. Healthcare demand is growing worldwide. At the same time, an aging population demands best and more innovative treatments. In this market, technological progress accounts for a large portion of the costs that affect both public and private services. This dissertation evaluates the reasons behind concentration in the medical device industry and its impact on innovation. A game theory model shows that an innovative startup’s optimal choice is to merge with a large company already established in the market. Smaller, more agile companies are often acquired by large corporations, as this is more profitable than launching their products independently. This scenario strengthens innovation, but it can increase costs for patients, companies and governments, which need to balance the demand for better treatments with the financing of these innovations.