The medical device industry stands at the crossroads between innovation and increased regulation. This fast-growing sector faces new taxes and potentially lengthier approval processes that could seriously handicap a cash-strapped company on the cusp of an important invention.
In the face of rising regulatory-related costs, Silicon Valley Bank (SVB) offers the medical device sector a suite of banking and lending solutions to help ensure operational viability. And to assist clients in making well-founded growth forecasts, SVB Analytics' strategic advisory services can provide clients with research on industry trends and niche analytics, such as exit timelines and valuations of comparable companies.
With the opportunity to circumvent lengthy FDA approval processes by launching products overseas and to enter the emerging medical device market in China, device companies' need for global banking solutions has increased dramatically. Silicon Valley Bank connects you with a global banking network to help you do business in over 60 countries worldwide with additional services and solutions that include:
Contact us to learn why more medical device companies are relying on Silicon Valley Bank for banking solutions to help navigate this changing industry.
*Disclaimer: Money market mutual funds are offered by SVB Securities, a wholly owned broker-dealer subsidiary, member FINRA/SIPC. Managed accounts are offered by SVB Asset Management a non-bank affiliate of Silicon Valley Bank and registered investment advisor. Products offered by SVB Securities and SVB Asset Management are not FDIC insured, are not deposits or other obligations of Silicon Valley Bank, and may lose value. Sweep accounts are offered by Silicon Valley Bank.
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