diabetestalk.net

Diabetes Device Companies

10 Top Medical Device Companies Worldwide

10 Top Medical Device Companies Worldwide

Medical device companies produce a wide variety of products such as wheelchairs, defibrillators, pacemakers, stents, and infusion pumps. The medical device industry is highly regulated, and companies must invest in constant research and development in order to maintain a competitive edge. Despite these challenges, medical device companies will benefit from several important market drivers: An increasing elderly population worldwide Growth in emerging markets Higher prices for advanced, innovative devices Rising revenues and debt reduction at U.S. hospitals Mergers and acquisitions that enhance efficiencies The need for non-pharmaceutical methods to avoid drug side effects Given these factors, growth prospects for medical devices remain strong. The global medical device market will reach $483.8 billion in 2022, according to Kalorama Information, a leading healthcare market research firm and division of MarketResearch.com. Bellwether Companies to Watch Competition among medical device companies is fierce. There are many players in this market, and thousands of companies make medical devices in the U.S. alone. In the report The Global Market for Medical Devices, 8th Edition, released in October 2017, Kalorama Information provides in-depth profiles of 15 bellwether medical devices companies, with diverse product ranges, strong performance, and significant revenues. While the report includes much more detail, this blog post offers a brief overview of ten of these companies. Read the full report to access more information on company financials, recent mergers and acquisitions, and comprehensive analysis of the global medical device market. Medtronic Company type: Public Headquarters: Dublin, Ireland Overview: Medtronic has become the largest medical device company in the worl Continue reading >>

Who’s J&j’s Stepchild? Its Consumer Diabetes Device Business

Who’s J&j’s Stepchild? Its Consumer Diabetes Device Business

Diabetes is a chronic expensive disease whose burden is great, but it looks like many top companies are looking to get out of the space, or at least parts of it. Consider Exhibit A: Johnson & Johnson announced last week that it’s aiming to prune its consumer diabetes device business that consists of test strips, blood glucose meters, and insulin pumps. Specifically, the New Brunswick company noted that it is exploring strategic options — “operating partnerships, joint ventures or strategic alliances, a sale of the businesses, or other alternatives either separately or together” — for the business that includes the Animas, LifeScan and Calibra Medical, which makes a wearable insulin-patch device, which came to it through an acquisition in 2012. Here’s how Chairman and CEO Alex Gorsky described the decision that the business was no longer core to the company. “Look, it’s always a difficult decision and when you look at your portfolio and as I frequently describe, it is little bit like your children, you love all of them just from time-to-time we are trying to make decisions that we think ultimately are in the best long-term interest of our customers…,” he said in response to an analyst’s question, according to a transcript of the fourth-quarter earnings call from Seeking Alpha. So how did the consumer diabetes device business arrive at the stepchild status? It appears that the rationale for a jettisoning in some shape is rooted in a reimbursement decision from the Centers for Medicare and Medicaid back in 2013 that had a wide-ranging impact. “In 2013 Medicare & Medicaid really slashed reimbursement for those testing strips, which really crippled the business model of these companies which practically gave the meters away and made reoccurring money Continue reading >>

Three Companies Innovating For Diabetics

Three Companies Innovating For Diabetics

Imagine you’re looking for a new hot job, something you can brag about at parties. Working to build online communities and social networks? Not bad. Developing new smartphone apps backed by Tim Ferriss, author of The 4-Hour Workweek? Even better. Making gourmet chocolate? Ooh, baby. Developing products and services to help those suffering from diabetes? Umm, well, maybe. Probably not something you would come up with on your own. As reported by the American Diabetes Association, almost 26 million people suffer from diabetes, and that’s just in the United States alone. Worldwide the figured is estimated to be as high as 347 million. It is estimated that approximately 80 million people in the U.S. have prediabetes. The World Health Organization (WHO) has labeled the situation an epidemic. It’s a problem that isn’t going away anytime soon. What if you could get a job building the foremost social network for diabetics to help them access valuable information and find comfort and support? What if you could work on a new smartphone app that assists children to manage their condition? What if you were involved in manufacturing gourmet chocolates that not only tasted good enough for anyone to eat, but were completely safe for diabetics to eat as well? You’d not only be working with something interesting and perhaps cutting edge, you’d be changing lives and doing good in the world. That’s something to brag about. Here are three companies that are doing just these things. Online Community, Diabetic Connect The online community Diabetic Connect is a social network built for persons diagnosed with type 2 diabetes. The website is an initiative of Alliance Health Networks and receives over 1.8 million visitors per month. By providing a forum where diabetics can communica Continue reading >>

Market Share Of The Global Top Diabetes Care Devices Manufacturers In 2011

Market Share Of The Global Top Diabetes Care Devices Manufacturers In 2011

This statistic depicts the market share of the global top diabetes care devices manufacturers in 2011. In that year, Medtronic from the United States had a 7.5 percent share in the total global market for diabetes care devices. Top diabetes care devices manufacturers Diabetes is one of the leading causes of death in the United States. In 2010, 20.8 people per 100,000 of the U.S. population died due to diabetes. In the United States, 239 billion U.S. dollars was expended in 2013 to treat diabetes. However, in China, a country with one of the largest number of diabetics in the world, only 38 billion U.S. dollars was spent on diabetes health care. The diabetes care market is expected to grow to almost 16 billion U.S. dollars in the United States by 2017. In 2011, F.Hoffman-La Roche Ltd and LifeScan, Inc. together are considered a large part of the top diabetes care device manufacturers in the world at 15.2 percent and 14.2 percent of the global market share, respectively. Lifescan is part of the Johnson & Johnson Company and has developed glucose monitoring devices such as OneTouch Ultra for home and hospital use. About 61 percent of global diabetes care devices can be listed under the glucose monitoring device category and 24 percent under insulin delivery devices. Insulin pump therapy has vastly improved since the 1970s, with alarms for malfunction and wireless connection to meters and computers. This type of device is a widely used product for diabetics around the world. Continue reading >>

What Are The Best New Products Or Inventions That Most People Don't Know About?

What Are The Best New Products Or Inventions That Most People Don't Know About?

This list contains 25 of them. take few minutes and be amazed. 1. Hourglass Traffic Lights 2.Easy-to-pack Shoes 3. Toothpaste Squeezer 4. Fence Window 5. Mirror Wiper 6. Drivemotion LED Car Sign 7. Pizza Scissors 8. Onion Holder 9. Rotating Bench That Guarantees a Dry Place to Sit 10. Faucet Thermometer 11. Citrus Spritzer 12. Ironing Board Mirror 13. Scooter Stroller 14. Lego Key Holder 15. Baby Bath Visor 16. Spaghetti Fork 17. Word Search Wrapping Paper 18. Lockable Mug 19. Umbrella with a Cupholder 20. Laser Bike Lane 21. Ice Cream Lock 22. Meat Scanner 23. Zipper Sneakers 24. Leftover Vegetable/Fruit Seal 25. Nightlight with Portable Glowing Orbs Source: Here Are 25 Incredibly Brilliant Inventions You Didn’t Even Know You Needed. #1 Changes Everything! UPDATE 1 Here are few more but from India this time. These are the finest of examples of what we in India call Jugaad Technology ;) Source:: 10 Pictures That Prove Indians Are One Of The Most Innovative People In The World 1. Probably the best load carrier for manual labour ever created. Vikram Dinubhai Panchal of The National Institute of Design (NID), created this masterpiece and priced it at a miniscule cost of Rs. 300. 2. We charge our mobile phones using Peepal Leaves. Unbelievable? Yes. Does it work? Yes. Astonishingly innovative? Absolutely! 3. We made a Rickshaw Powered-Lighting System. Now this is called "Man-power." Literally. 4. And here's a people carrier that blurs the fine line between mode of transportation and circus act. Although the thing looks a little dicey, you can't help but marvel at the guy's ingenuity. 5. We came up with the "Mitti-Cool" village fridge. Here's a fridge for the common man that doesn't require electricity. Indian inventor Mansukhbhai Prajapati poses with his "Mitti-Cool (Mud Continue reading >>

Top 30 Medical Device Manufacturers

Top 30 Medical Device Manufacturers

The 2017 version is ready and live online. Be sure to review the latest Top Companies list! While previously the focus of smaller firms and startups, industry giants like GE Healthcare and Siemens AG are putting forth a vision that more closely reflects those of their less influential peers. The implementation of strategies that involve cloud-based solutions, connectivity, and patient-based software options is a significant step forward in the evolution of 21st-century healthcare. “The emerging field of health tech marries traditional medtech (e.g., medical devices) with state-of-the-art consumer electronics technology, digital marketing, e-commerce, and social media tools to create an entirely new class of products and solutions. Where traditional medtech catered exclusively to physicians and hospital systems, health tech is more likely to be consumer-facing, bringing new tools and technologies directly to patients. It’s also more focused on preventive care, enabling patients to better manage their health before their physical problems advance to a state that can only be treated via an intervention such as surgery,” Josh Makower, M.D., a general partner with venture capital firm New Enterprise Associates, said in EY’s 2015 Pulse of the Industry report. The digital health trend is joined by more traditional actions that have been reflected in past Top 30 reports—primarily mergers and acquisitions, company splits into separate entities, and a focus on global markets. All of these strategies comprise an overall effort among medtech firms to become one-stop healthcare solutions for doctors and their patients, while ultimately increasing revenue. Makower added, “Taken together, the improving landscape for traditional medtech and the fast-growing market for new h Continue reading >>

Publicly Traded Diabetes Companies

Publicly Traded Diabetes Companies

List of Publicly Traded Diabetes Companies Listed on U.S. Exchanges The publicly traded companies on this list are biotech, medical device, pharmaceutical companies or other healthcare companies that design, develop, manufacture and/or distribute drugs, equipment, products, systems and/or services relating to diabetes. Examples of the products and services provided by these companies include: Distribution of diabetes products and supplies Glucose monitoring systems Insulin delivery systems Insulin pumps Therapeutic products Most of the large-cap stocks in this category have diabetes products (drugs, therapeutics, devices, etc.) in addition to products in numerous other areas. Resources: Additional publicly traded healthcare companies and healthcare categories can be accessed through the link below: A comparison widget that shows trend, earnings per share (EPS), P/E ratio and beta for each of the companies on this list can be accessed through the link below. Select the company’s link to access charts, news links and company website and social media information. Diabetes Treatment: Large-Cap Stocks Becton, Dickinson and Company (BDX) (Management of diabetes among many devices and diagnostic products) Eli Lilly and Company (LLY) (Animal health, cardiovascular, critical care, diabetes, men’s health, musculoskeletal, neuroscience, oncology) Johnson & Johnson (JNJ) (Pharmaceutical company: diabetes products among many offerings) Medtronic, Inc. (MDT) (Medical device company: diabetes products among many offerings) Novo Nordisk (NVO) (Denmark: diabetes and other serious chronic conditions) Regeneron Pharmaceuticals, Inc. (REGN) (Biopharmaceutical company: antibody technologies; cardiovascular, diabetes, eye diseases, infectious diseases, inflammation, oncology, pain) Sanof Continue reading >>

Top 10 Medical Device Organisations To Watch In 2016

Top 10 Medical Device Organisations To Watch In 2016

The world in which we live is changing fast as technology revolutionises nearly every facet of our daily lives. This is especially becoming more apparent in the global health-care industry where physical devices or smart systems powering these devices are assisting doctors and patients, helping them to connect in new ways. Data can now be transmitted in real time and physicians can treat life-threatening conditions much faster then they could have a few years ago. With expanding horizons, there are an increasing number of jobs in medical devices available within many companies as the demand for research and innovation continues to grow. Here we take a look at the top 10 medical device organisations to watch in 2016. 10. Boston Scientific Boston Scientific is a worldwide developer and manufacturer of medical devices whose products are used in a vast array of specialties including radiology, interventional cardiology, neuromodulation, vascular surgery and urology. The company earned revenues of $7.38bn in 2014, with just some of its devices including defibrillators, pacemakers, gastrointestinal stents, numerous imaging systems, lasers and lithotripsy. The company currently has more than 40 offices around the world and provides over 25,000 jobs. 9. Stryker Stryker is one of the world's leading medical technology companies that aims to make health care more effective and affordable. Currently the firm offers a diverse range of technologies including reconstructive, medical and surgical, and neurotechnology to help patients with various conditions to lead more active and rewarding lives. Revenues in 2013 exceeded $9bn in March 2016, the firm received FDA approval for its Tritanium Posterior Lumbar Cage to assist patients with degenerative disc disease. 8. Phillips Phillips H Continue reading >>

What Are The Most Innovative And Promising Health Startups Out There?

What Are The Most Innovative And Promising Health Startups Out There?

Answer Wiki The question is about innovative health startups - NOT about all health startups. So each entry must contain the reason why they are innovative. ( If a website owner adds to this list in obvious self promotion then remove them from it.) For more detail - check out each of these online: - A Bangalore (India) based online mental health startup which connect doctors and patients from anywhere in the world. Allows you to ask mental health questions to doctors, and you will definitely get a reply. www.PatientsLikeMe.com - Allow people to share their own personal solutions to diseases without cures. The site makes money by selling this information to the companies trying to find cures for those diseases. www.HealthcareMagic.com - Allows you to ask health questions to Doctors on web & mobile. Get guaranteed and detailed answers "within minutes". Ask follow-up questions. Largest health handle on Twitter globally with over 830,000 followers. www.EyeNetra.com - "portable eye examination system requiring only a smart phone and a two dollar plastic lens attachment". Buzz in 2011, no product for sale as of March 2013. www.MedTronicRDN.com - built a device for treating severe hypertension by using a radio frequency approach to destroy the nerves in the kidney artery that trigger vasoconstriction Continue reading >>

More in insulin