Medtronic Receives FDA Approval for Micra AV ICD System: Medtronic, a global leader in medical technology, received FDA approval for its Micra AV ICD System, the world's smallest pacemaker and now the world's smallest implantable cardioverter defibrillator (ICD).
This miniaturized device is implanted through a catheter in the leg and offers a less invasive alternative to traditional open-heart surgery for patients with irregular heart rhythms.
Approval marks a significant milestone in the miniaturization of cardiac devices and could potentially improve patient outcomes and quality of life.
Stryker Announces Strong Q4 and Full-Year 2023 Results:Stryker, another major player in the medical device industry, reported strong financial results for the fourth quarter and full year of 2023.
The company's revenue grew 10% year-over-year to $19.4 billion, driven by continued demand for its orthopedic, neurotechnology, and spine products.Stryker also raised its guidance for 2024, expecting revenue growth of 7-8%, reflecting confidence in the ongoing demand for its medical technologies.
Philips Healthcare Partners with iCad on AI-powered Cancer Detection Platform:Royal Philips, a diversified technology company with a strong healthcare division, announced a partnership with iCad to develop an AI-powered platform for early cancer detection.
The platform will combine Philips' imaging technologies with iCad's AI algorithms to improve the accuracy and efficiency of cancer diagnosis.
This partnership highlights the growing trend of collaboration between medical device companies and AI startups to develop innovative solutions for healthcare challenges.
List of Healthcare OEM Key Companies in the Market
- Siemens Healthcare GmbH (Germany)
- Aramark (U.S.)
- Toshiba Medical Systems Corporation (Japan)
- Baxter International (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Fujifilm Holdings Corporation (Japan)
- Drägerwerk AG & Co. KGaA (Germany)
- Infosys Ltd. (India)
- Allscripts Healthcare Solutions (U.S.)
- Accenture Plc. (U.S.)
- Cognizant Technology Solutions Corporation (U.S.)
- Dell (U.S.),
- Tata Consultancy Services Ltd. (India)
- IBM Corporation (U.S.)
- Wipro (U.S.)
- Xerox Corporation (U.S.)
- Johnson & Johnson (U.S.)
- E. Healthcare (U.K.).