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Device Market Reaches $361 Billion in 2014

December 23, 2014 10:12 am | by Kalorama Information | News | Comments

The global market for medical devices was estimated to reach 361 billion dollars by year’s end. While that’s a lot of revenue, the report says it reflects slower growth than many in the industry would have liked to see. With 3% average growth, the healthcare...

Stryker Will Pay About $80M to End Investigation

December 9, 2014 11:46 am | by The Associated Press | News | Comments

The medical device maker Stryker will pay about $80 million to end a federal investigation into...

Sale of Three Siemens Healthcare Units Raises Questions About Firm’s IVD Future

December 3, 2014 10:41 am | by Kalorama Information | News | Comments

The announced sales of three healthcare units within Siemens Healthcare may indicate the company...

Medtronic-Covidien Transaction Gains Key Clearances

December 1, 2014 9:17 am | by Medtronic | News | Comments

Medtronic, Inc. and Covidien plc have announced the receipt of U.S. Federal Trade Commission (...

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2014: The Year of Healthcare M&As

November 24, 2014 12:04 pm | by Linda A. Johnson and Steve Rothwell, AP Business Writers | News | Comments

Some big, U.S. pharmaceutical, biotech and medical device companies have been trying to acquire overseas rivals, allowing them to move their headquarters to a country with a lower tax rate. The deals also give the buyer access to billions in...

Cancer Device Gets Stronger Warning from FDA

November 24, 2014 11:58 am | by The Associated Press | News | Comments

U.S. regulators have strengthened their warning against use of a once-popular device for gynecologic surgery that can spread unsuspected cancer, saying its risk is only justified in a fraction of patients. The Food and Drug Administration is updating...

MIT Student Hacks Health Care

November 19, 2014 4:03 pm | by Massachusetts Institute of Technology | News | Comments

For as long as she can remember, Andrea Ippolito has known that she wanted to be an engineer. What she couldn’t have predicted was what, precisely, the scope and scale of her work would turn out to be. Ippolito began her career at Boston Scientific...

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Hybrid Anchor Technology Offers Unique Solution for Arthroscopic Surgery

November 10, 2014 9:16 am | by DePuy Synthes | News | Comments

The DePuy Synthes Companies of Johnson & Johnson has launched GRYPHON Anchors with PROKNOT Technology (GRYPHON PROKNOT Anchors), the first arthroscopic hybrid anchor solution for repair of shoulder and hip instability. The announcement...

Opening the Door to Nonpharmacological Treatment Options with Neurological Devices

November 7, 2014 7:30 am | by Melissa Barnes, Associate Editor | Articles | Comments

Devices under the umbrella of the neurological market cover an array of purposes, including management and treatment of disorders, as well as surgical and interventional procedures. Some of the most exciting devices are those used in neuromodulation...

Divergence System Offers New Approach to Anterior Cervical Fusion

October 21, 2014 12:02 pm | by Medtronic | News | Comments

Medtronic announced the U.S. launch of the DIVERGENCE Anterior Cervical Fusion System for the treatment of single-level cervical disc disease today at the 2014 Congress of Neurological Surgeons Annual Meeting in Boston. The DIVERGENCE System represents a new approach...

CE Mark for Boston Scientific’s Full-Body MRI Safe Pacemaker

October 17, 2014 9:14 am | by PR Newswire | News | Comments

Boston Scientific Corporation has received CE Mark approval for the ACCOLADE pacemaker family. When implanted with the company's INGEVITY leads, ACCOLADE pacemakers are the first to enable patients to receive full-body MRI scans in both 1.5...

FDA Approved Leads Safe for Full-Body MRI Scans

October 15, 2014 9:46 am | by Medtronic | News | Comments

Medtronic announced the U.S. Food and Drug Administration approval of its CapSureFix Novus MRI SureScan 5076 Lead for use with magnetic resonance imaging (MRI). The lead is approved for MRI scans positioned on any region of the body when...

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FDA Approved Software Solution Offers Efficient Monitoring of Lung Cancer Treatment

October 14, 2014 3:15 pm | by Columbia University Medical Center | News | Comments

Columbia University’s imaging software that facilitates 3D lung tumor segmentation, licensed to Varian Medical Systems, has been incorporated into the Smart Segmentation module of Varian’s Eclipse treatment planning system and has received FDA...

Wearable Diagnostic Prototype for Chronic Illness Debuted at Dreamforce

October 14, 2014 9:57 am | by Philips | News | Comments

Today at the Dreamforce 2014 conference in San Francisco, Royal Philips and Nijmegen, the Netherlands-based Radboud university medical center (Radboudumc) announced the debut of a prototype to support patients with chronic obstructive pulmonary disease...

Patient Monitoring Market Nears 30 Billion

October 7, 2014 9:05 am | by Kalorama Information | News | Comments

The global advanced patient monitoring market is currently worth about $29.7 billion, up 7% from last year, according to Kalorama Information. The market research firm specializing in diagnostics and medical devices says that the industry...

$514 Billion in Global MedTech Sales by 2020

October 6, 2014 10:49 am | by Evaluate Ltd. | News | Comments

The medical technology sector is expected to grow at a compound annual growth rate of 5 percent per year between 2013 and 2020, according to the latest forecasts from market intelligence firm Evaluate Ltd. Its new report, “EvaluateMedTech World...

Infographic: MedTech World Preview 2014

October 6, 2014 10:47 am | by Evaluate Ltd. | News | Comments

2014 marks a year of rapid change for the global medical device market, particularly within the cardiology and orthopedic spaces, which have been dominated by megamergers. If the deal between Covidien and Medtronic goes through, we could see...

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BD to Acquire CareFusion for $12.2 Billion

October 6, 2014 9:48 am | by PR Newswire | News | Comments

BD and CareFusion have announced a definitive agreement under which BD will acquire CareFusion for $58.00 per share in cash and stock, or a total of $12.2 billion, to create a global leader in medication management and patient safety solutions...

Philips to Assist U.S. Government in Development of Ventilation Solutions for Disaster Preparedness

October 3, 2014 4:33 pm | by Philips | News | Comments

Philips Respironics, a division of Royal Philips, announced today it has been awarded a development contract from the U.S. Department of Health and Human Services (HHS) to develop a next-generation disaster readiness ventilator. As the leading...

Philips Announces Collaboration with PET to Commercialize Innovative Wind-Up Fetal Heart Rate Monitor

October 3, 2014 10:00 am | by Philips | News | Comments

Royal Philips has announced a partnership with South Africa based not-for-profit organization, PET (PowerFree Education Technology), to further develop, test and commercialize a Wind-up Doppler Ultrasound Fetal Heart Rate Monitor (in short...

BlueControl, the First Wearable Blue LED Light Therapy Device to Treat Psoriasis

October 2, 2014 2:46 pm | by Philips | News | Comments

Royal Philips, the global leader in lighting, today announces the launch of Philips BlueControl, a clinically tested wearable medical device that uses blue LED light to control mild to moderate cases of psoriasis vulgaris. Philips BlueControl...

Baxter Breaks Ground on $300 Million Expansion

October 2, 2014 2:29 pm | by The Associated Press | News | Comments

A company that produces medical equipment has broken ground on a $300 million expansion project that's expected to create 200 jobs by 2016. The Opelika-Auburn News reports Gov. Robert Bentley was on hand Wednesday for the Baxter International...

FDA Clearance on Beckman Coulter’s Power Express Automated Sample Processing System

September 26, 2014 2:22 pm | by Beckman Coulter | News | Comments

Delivering on its commitment to help labs face new challenges in the ever-changing healthcare environment, Beckman Coulter has received U.S. Food and Drug Administration (FDA) 510(k) clearance on its Power Express high-speed automated sample...

MDPC Publishes Robust Security Risk Assessment Framework for Medical Devices

September 26, 2014 10:56 am | by Medical Device Privacy Consortium | News | Comments

The Medical Device Privacy Consortium's Product Security Working Group has developed a robust framework for medical device manufactures and developers to assess the security risks associated with the use of medical devices. The framework is...

How Lack of Helium Fuels Innovation for Imaging

September 26, 2014 10:18 am | by GE Reports | News | Comments

Brigitte Prat runs Lulu’s Cuts & Toys, a popular hair salon for kids in Brooklyn’s Park Slope neighborhood. She rewards new bobs with pretty orange balloons, but the practice is growing costly. “I used to put one on every arm and every stroller...

Photos of the Day: Helium Shortage Is No Laughing Matter

September 26, 2014 10:18 am | by GE Reports | News | Comments

The U.S. is running out of helium. The shortage is no laughing matter for makers of magnetic resonance machines, who use it to cool down powerful superconducting magnets. GE is investing $17 million in a new plant in Florence, SC, to recycle...

Philips to Develop Portable Ventilator to Boost Pandemic Response

September 24, 2014 11:28 am | by AAMI | News | Comments

The U.S. Department of Health and Human Services (HHS) will sponsor the development of a portable ventilator that can be stockpiled for use during pandemics or other public health emergencies. Under a three-year, $13.8 million contract...

Boston Scientific Enrolls First Patients In U.S. Trial Of The Lotus Valve System

September 24, 2014 10:42 am | by PR Newswire | News | Comments

Boston Scientific Corporation has initiated the REPRISE III clinical trial, a pivotal study to evaluate the safety and effectiveness of the Lotus Valve System in patients with severe aortic stenosis and who are considered to be at either high...

Philips to Establish Market-Leading Company in HealthTech

September 23, 2014 10:50 am | by Philips | News | Comments

At a meeting with investors and analysts in London, Royal Philips today announces the next strategic step to capitalize on fundamental market changes, by creating two market-leading companies focused on the HealthTech and Lighting solutions...

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