Winston Veigas’ Post

New lab alert on the horizon! Experts from our Medical Devices Research Centre and the University of Toronto’s Centre for Research and Applications in Fluidic Technologies (CRAFT) were recently awarded a $17.5M grant from the Canada Foundation for Innovation/Fondation canadienne pour l'innovation and partners to build a Diagnostic Horizons Lab in Toronto. One of the first of its kind in Canada, the Diagnostic Horizons Lab aims to develop and promote a new generation of distributed medical diagnostic tests. The team’s goal is to design the tests that can be taken directly to patients, including those in remote communities. Test results will be delivered to them and their healthcare team at a faster and more efficient rate than a centralized lab. “This is a crucial investment in new infrastructure that will not only accelerate the development of new diagnostic devices through CRAFT, but will also help CRAFT grow and strengthen its partnerships with stakeholders who are necessary for overcoming the barriers impeding the creation, domestic manufacture and deployment of made-in-Canada microfluidic-enabled medical devices,” shares Dr. Teodor Veres, Director of Research and Development at our Medical Devices Research Centre and Co-Director at CRAFT. CRAFT aims to strengthen microfluidic device manufacturing, making Canada a leader in the development and deployment of microfluidic-enabled medical devices to improve the health of all Canadians. The new Diagnostic Horizons Lab will further enhance the value that CRAFT brings to Canadians. Learn more about the Diagnostic Horizons Lab: https://ow.ly/AtaZ50QSC47 #NRCMedicalDevices #DiagnosticsLab #HomeHealthcare #HealthcareMadeEasy #MicrofluidicsResearch

🎯🎤📢SPARK Europe Webinar Series FALL 2023 "Regulatory landscape for medical devices - how to approve your solution quickly in Europe or should you focus on US market" with Dr. Jani Virtanen, international medical device companies & brought more than 15 medical devices to the market, PhD in Medical Engineering hosted by SPARK Finland on 8th November 2023 at 4-5 pm (CET) online Teams. Please register here: https://lnkd.in/dxnbiH2q More information on the faculty website: https://lnkd.in/et7rhDMS 🔸Have a potential medical device (e.g., surgical tool, vascular implant, diagnostic equipment, software, etc.)? 🔸Gain valuable insights on securing the necessary regulatory approval for market launch. 🔸Incorporate this expertise into your research plan and budget when applying for your next grant.   SPARKing Europe is a network that connects various SPARK sites across Europe, including Israel: SPARK BIH, SPARK Finland, SPARK FLI, SPARK Poland, SPARK Norway, SPARK-Tel Aviv and SPARK Faculty of Medicine of Masaryk University, among others.   These various SPARK programs worldwide create the global SPARK network. Their primary purpose is to educate and assist researchers, facilitating the translation of lab findings into real-world healthcare applications. They are pivotal in advancing academic and clinical discoveries into tangible solutions in life sciences and healthcare technologies.   This initiative aligns with the founding principles of SPARK at Stanford, established in 2006 by Professor Daria Mochly-Rosen and Kevin Grimes. Its aim is to transform biomedical research breakthroughs into viable therapies, with a focus on driving advancements in healthcare solutions for patients.   #biotech #drugdevelopment #health #education #medicine #webinar #research #technologytransfer  

📽️ Dive into the world of medical device innovation with our latest video unveiling the HEU-EFS project! 🚀

Intuitive & Boston Scientific outgrow Medtronic   Since its inception in 1949, #Medtronic has seen steady revenue growth. Today, with over $30B in annual revenue and close to 100,000 employees, Medtronic is known to be the world’s largest medical device company.   In addition to revenue, Medtronic valuation has also grown significantly over the years. In Aug 2021 Medtronic reached its peak valuation of $180B. However, since then, its valuation has dropped by over 40%. Today, Medtronic's valuation stands at approximately $100B.   #Intuitive and #BostonScientific on the other hand have both seen significant increases in their market cap in recent years. Despite having lower revenues — $7B for Intuitive and $14B for Boston Scientific — and fewer employees — 12,000 for Intuitive and 50,000 for Boston Scientific — both companies have surpassed Medtronic in terms of market cap. Today, Boston Scientific has a valuation of over $110B and Intuitive has a valuation of over $150B.   I previously wrote about the "Leaders who build Medtronic". I will write about the leaders who build Intuitive and Boston Scientific in coming weeks. In the meantime, here is a look at the evolution of market cap for these companies over the past three decades.   Data source: Google Finance Visualizer: PlotSet Music: Dr Dre – Still Dre (Instrumental) #valuation #marketcap #strategy #medical #medicaldevice * Views and ideas are my own. The content that I provide here are public data and are intended to be educational only and are not endorsement or financial advice. I always encourage the readers to do their own research.

Medical Device Connectivity Market worth 7.4 billion | Grows at CAGR of 21.5% 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://lnkd.in/df-7E7ER The global medical device connectivity market in terms of revenue was estimated to be worth $2.6 billion in 2023 and is poised to reach $7.4 billion by 2028, growing at a CAGR of 21.5% from 2023 to 2028. GE HealthCare Silex Technology Digi International Bridge-Tech Medical, Inc. iatricSystems Baxter International Inc. Stryker iHealth Labs Cisco Cerner Corporation Infosys QUALCOMM TECHNOLOGIES INTERNATIONAL, LTD. Lantronix Medtronic NantHealth True Process Siemens Healthineers Smith+Nephew Terumo Medical Corporation Masimo Drägerwerk AG & Co. KGaA Mindray Medical Netherlands B.V.  Nihon Kohden America ResMed Boston Scientific Abbott BD Siemens Healthineers

Medical Device Connectivity Market | Grows at CAGR of 21.5% by 2028 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞-https://lnkd.in/dZjQzyfp The global medical device connectivity market in terms of revenue was estimated to be worth $2.6 billion in 2023 and is poised to reach $7.4 billion by 2028, growing at a CAGR of 21.5% from 2023 to 2028. GE HealthCare Silex Technology Digi International Bridge-Tech Medical, Inc. iatricSystems Baxter International Inc. Stryker iHealth Labs Cisco Cerner Corporation Infosys QUALCOMM TECHNOLOGIES INTERNATIONAL, LTD. Lantronix Medtronic NantHealth True Process Siemens Healthineers Smith+Nephew Terumo Medical Corporation Masimo Drägerwerk AG & Co. KGaA Mindray Medical Netherlands B.V. Nihon Kohden America ResMed Boston Scientific Abbott BD Siemens Healthineers

Medical Battery Market Size, Share & Growth Trends Download a PDF Brochure: https://lnkd.in/dvuS3jQm The #Medical Battery Market is expected to experience significant growth over the next decade, driven by the increasing adoption of portable and #implantable medical devices, such as pacemakers, infusion pumps, and #neurostimulators. Advancements in #battery technology, including the development of longer-lasting, more energy-efficient, and safer batteries, are anticipated to play a crucial role in this market expansion. Additionally, the growing prevalence of chronic diseases, an aging global population, and the rise in remote patient monitoring are likely to boost demand for reliable medical batteries. Future trends also indicate a shift towards environmentally friendly and sustainable battery solutions, as well as the integration of smart battery management systems that enhance the performance and longevity of #medicaldevices. GE HealthCare Siemens Healthineers Philips Healthcare Installation Teams Boston Scientific Medtronic Johnson & Johnson Abbott Stryker Zimmer Biomet Smith+Nephew Fresenius Medical Care Cardinal Health BKK B. Braun Melsungen AG Terumo Medical Corporation Becton, Dickinson and Company Canon Medical Systems Corporation Hitachi Medical SHIMADZU CORPORATION Carestream Hologic, Inc. FUJIFILM Holdings Corporation Toshiba America Medical Systems Alere Inc. Baxter International Inc. Cook Medical Nihon Kohden America BioTelemetry, Inc. OMRON Healthcare, Inc. Analogic Bio-Rad Laboratories Varian Medical Systems Pacific Inc Natus Medical Incorporated Masimo Mindray Animal Medical @Invacare Corporation Hill Rom Holdings Netherlands B.V. ResMed ZOLL Medical Corporation Teleflex LivaNova

🌟 Exciting News in MedTech! 🌟 Boston Scientific has raised its annual profit forecast and surpassed Wall Street expectations for the first quarter, thanks to robust demand for their heart devices! 🚀 Their shares soared nearly 7% following this incredible performance. 📈 Key Highlights: Electrophysiology Sales: A remarkable 72% growth driven by the adoption of Farapulse, a groundbreaking pulsed field ablation system. Cardiovascular Unit: Reported sales of $2.45 billion, outpacing analysts' estimates of $2.3 billion. Revenue Surge: An impressive 13.8% increase, totaling $3.86 billion in the first quarter. Earnings: Adjusted earnings per share reached 56 cents, exceeding expectations of 51 cents. Boston Scientific's innovative solutions, especially in heart devices, continue to drive significant growth globally. As procedures deferred during the pandemic resume, the demand for these life-saving technologies is higher than ever. Congratulations to Boston Scientific on their outstanding performance and their commitment to advancing healthcare technology! 🌐💙 Stay tuned for more updates from the MedTech industry. #MedTech #BostonScientific #HealthcareInnovation #HeartHealth #Electrophysiology #MedicalDevices #TidbitThursday

The other week I flew across the country to Dartmouth College with a couple of colleagues for the 3D Dartmouth Device Development Symposium. What’s interesting about this intimate event – and why I think it attracts so many leaders - is that it brings the device innovators together with clinicians, regulators, and investors.     A couple of things stood out to me. The first is how different the medical device industry is from pharma. Device manufacturers are constantly iterating on their technology to enhance outcomes, whereas the drugs are finalized before approval. Constant iteration calls for constant data.      The other was the legacy registries that the industry uses to try to understand patient outcomes. These registries require an incredibly long, manual process of nurses filling in forms after device procedures. I find it hard to comprehend how this outdated approach is so heavily relied on for patient outcomes research in 2023.      I returned home energized by Truveta’s opportunity to have a big impact on patient outcomes, device innovation, and healthcare costs. So much important work to do!  

[ Latest Update ] Medical Equipment Maintenance Market | Size | Share | Trends 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://lnkd.in/d9Ugg4Fb The global medical equipment maintenance market size is expected to grow from an estimated USD 48.8 billion in 2023 to USD 80.7 billion by 2028, at a CAGR of 10.6%. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. #medicalequipment #equipmentmaintenance #medicaldevicemanufacturing GE HealthCare Siemens Healthineers Koninklijke Kentalis Philips Medtronic FUJIFILM Holdings Corporation Althea AGFA HealthCare BCAS_Biomedical Services Limited Agenor Mantenimientos Grupo Empresarial Electromédico Carestream Health India Pvt. Ltd. KARL STORZ Avensys UK Ltd. The InterMed Group Alliance Medical Ltd enBio Adepto Medical PioBio Advanced Clinical Technology, Inc. Crothall Healthcare DrMet Biomedical and Laser Services USOC Medical BPI Medical MERCO Biomedical SFI Medical Equipment Solutions Southwestern Hearing Centers