Product liability risk stifles medical implant innovation, study finds.
Product liability laws can impact innovation. A study looked at how a rise in liability risk for suppliers of materials used in medical implants affected innovation. The study found that the increased risk led to less innovation in medical implants, but did not affect the patenting of the materials used to make the implants. This suggests that the risk of being held liable for product defects can stifle innovation in the industry.