Archive for the ‘Business News’ Category

Queen’s Award Crowns Two MEDTEC UK Exhibitors

Thursday, May 2nd, 2013

MEDTEC UK exhibitors Prisym ID (Wokingham, UK) and Proto Labs (Shropshire, UK) were in a very good mood, and not just because the event settled into its new home at the London Olympia with aplomb. Both companies are recipients of the Queen's Award 2013: Prisym ID received the accolade in ...

Healthy Outlook for Wound-Care Sector

Wednesday, April 3rd, 2013

The advanced wound-care market is forecast to grow 4% per annum during the next five years, and that is getting the attention of major players in the healthcare sector. For example, German giant Bayer, which does not have a dedicated wound-care division, has let it be known that it is ...

Healthcare Industry Remains Key Customer for Europe’s Micro- and Nanotech Sector

Tuesday, April 2nd, 2013

The medtech and larger healthcare markets remain a key focus of European suppliers of micro- and nanotechnology and advanced materials, according to a survey just published by IVAM Research, an arm of industry association IVAM. Sixteen percent of respondents indicated that the medical technology and healthcare sectors, which topped the ...

Europe at Risk of “Innovation Divide” as Gap Between States Widens, EU Report Finds

Wednesday, March 27th, 2013

Innovation in Europe continues to grow, but the gap between the most and least innovative states is growing as well, the EU Innovation Union Scoreboard 2013 found. The scoreboard measures the performance of research and innovation in the EU27 member states and also looks at non-EU European countries, as well ...

Industry Survey Shows Europe’s Medtech Sector on the Rebound, but Pricing Pressure Is Ramping Up

Thursday, March 21st, 2013

The business outlook for Europe's medical technology industry is on the mend, according to a just-released survey of top-level industry decision makers, but pricing pressure from the procurement environment and aggressive competitors is a growing concern. Medtech companies must implement value-based pricing approaches to remain competitive, notes study author Joerg ...

UK Medtech Subcontractor ITL Opens US Office

Tuesday, March 19th, 2013

A UK-based contract designer, developer and manufacturer serving the medical device and diagnostics industries, Integrated Technologies Ltd (ITL) has announced that it will open a US office in Richmond, VA, USA, in May 2013. The company, headquartered in Ashford, also operates a facility in Shanghai.

Europe’s Medtech Market Not Dead Yet

Wednesday, February 27th, 2013

[caption id="attachment_30341" align="alignleft" width="400"] Click to enlarge[/caption] It's an illustration of the rapid pace at which the world moves these days that a forecast of the growth rate of western Europe's medical technology market drafted in May 2012 will have to be revised . . . downward, as it happens. Speaking to a ...

Surge in UK Medtech M&A Set to Continue in 2013

Tuesday, January 15th, 2013

Guest blog from James Knott, Catalyst Corporate Finance [caption id="attachment_29948" align="alignleft" width="150"] James Knott, Catalyst Corporate Finance[/caption] The global medical device market saw a significant increase in M&A activity during 2012, with deal volumes up 31% on 2011. The total value of deals completed was £15.5 billion compared to £26.2 billion in ...

Medtech Year in Review: Implant Scandals, New EU Device Regulations and US Device Tax Uproar

Monday, December 17th, 2012

The Irish Medical Technology Industry Excellence Awards, which were held in Galway, Ireland, on 13 December 2012, provided an object lesson on everything that is right with the medtech industry. Performing well in an otherwise dodgy economy, with exports up year on year, Ireland's medtech sector celebrated its achievements at ...

Irish Medtech Awards Celebrate a Winning Industry

Monday, December 17th, 2012

Ireland's medical technology industry gave itself a well-deserved pat on the back in Galway on 13 December 2012. And, man, there were a lot of backs to pat! Approximately 350 people donned their finest tuxedos and fanciest evening gowns to celebrate the winners of the Irish Medical Technology Industry Excellence Awards in ...

Report Identifies Novel Growth Opportunities for Medical Device Manufacturers

Tuesday, December 4th, 2012

Guest post by Armin Meissner, Accenture The medical equipment industry experienced remarkable growth during the past decade, slowed only by pervasive industry changes. A return to widespread growth will be difficult as demands for innovation, personalised care, and budget restrictions intensify. Given these conditions, industry manufacturers need to look beyond traditional ...

Medtech Week Recap: US FDA Increases Efficiency of Premarket Review

Monday, December 3rd, 2012

US FDA has shortened the average review times of premarket approvals, according to a new report by the agency. The report detailed that the agency “successfully increased the predictivity, consistency, transparency, efficiency and timeliness of premarket review.” The report is available here in pdf form: www.fda.gov/downloads/AboutFDA/ReportsManualsForms/Reports/UCM329702.pdf. Will Scanadu win the Tricoder ...