Abstract

The purpose of this study is to analyze how the effects of clinical trials may or may not lead to an increase in adoption rates for medical devices. This was done by finding data that had dealt with a medical device which I decided to go with Magnetic resonance imaging as well as clinical trial testing density per million in various countries. I had three main datasets, my main dataset being the World Health Organization set that pertained to the total density per million population with MRI units in each of their respective countries. Second, came my own recorded data through clinicaltrials.org in which I recorded the amount of MRI clinical trials that were conducted in each country from 2010-2013. Lastly, I recorded the population of each country that was in the WHO dataset from 2010-2013 from Worldometer. Through my regressions and results, I wasn’t able to produce any significant findings within my research question and it calls for further data and testing needed to be done using potential other variables and regressions. Neither confirming nor denying my hypothesis that clinical trial testing leads to higher adoption rates for medical devices.

Advisor

Davison, Colin

Department

Business Economics

Disciplines

Business | Health Information Technology | Medicine and Health Sciences

Publication Date

2024

Degree Granted

Bachelor of Arts

Document Type

Senior Independent Study Thesis

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