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Image: The global market for wireless medical devices is expected to grow by about 25% over the next five years (Photo courtesy of Shutterstock).

Global Wireless Medical Device Market Worth USD 11.0 Billion by 2020

The global market for wireless medical devices is expected to grow by about 25.1% over the next five years from USD 3.6 billion in 2015 to about USD 11.0 billion by 2020. The growth is likely to continue being driven by the increasing demand for patient care and an expansion of wireless electronic devices and networks in hospitals and other clinical settings. Moreover, economic growth, coupled with greater access to health care in countries such as China, India and Brazil, has contributed to an increase in the use of medical products worldwide. Additionally, within the wireless medical device industry, there has been continuous innovation in the technologies of sensors, implants and wireless communication, which is increasing the scope of wireless medical technology applications. More...
23 Nov 2016
Image: NEC will discontinue its medical diagnostic displays to focus on its healthcare display portfolio (Photo courtesy of NEC Display Solutions).

NEC Display Solutions Discontinues Medical Diagnostic Display Business

NEC Display Solutions of America, a leading designer and provider of display products, will be discontinuing its medical diagnostic displays to focus on its healthcare display portfolio. The company offers various display products, including commercial- and professional-grade large-screen LCD displays, desktop LCD monitors, direct view LED displays, multimedia and digital cinema projectors, and integrated display solutions. More...
16 Nov 2016
Image: EIZO has acquired the medical monitors business of Panasonic (Photo courtesy of Panasonic Healthcare).

EIZO Acquires Endoscopy Monitor Business from Panasonic Healthcare

EIZO Corporation has acquired the medical monitors business of Panasonic Healthcare Co., Ltd. The business transfer will allow EIZO to combine the expertise of the two monitor solution manufacturers, particularly for applications in medical imaging. The acquisition of Panasonic Healthcare will also allow EIZO GmbH, a subsidiary of EIZO Corporation, to offer the entire product range of medical monitors for minimally invasive surgery, including 2D, 3D and 4K models, in the future. More...
14 Nov 2016
Image: The acquisition is intended to streamline operations and access to data, and improve risk management (Photo courtesy of iStock).

Siemens Healthineers Acquires Conworx Technology

Siemens Healthineers, which offers products and services in imaging for diagnostic and therapeutic purposes as well as in laboratory diagnostics and molecular medicine, has acquired Conworx Technology GmbH, a developer of point-of-care device interfaces and data management solutions. Siemens Healthineers and Conworx will deliver open connectivity offerings that will enable seamless data integration from any manufacturer’s point-of-care analyzer – managed by a single informatics solution to streamline operations and access to data, and improve risk management. More...
09 Nov 2016
Image: Many of the current wearable devices focus on heart rate, breathing, and blood pressure (Photo courtesy of Shutterstock).

Wearable Medical Device Market Worth USD13 Billion in 2016

The global wearable medical device market is valued at just over USD13.2 billion for 2016, as healthcare remains among the fastest growing segments for wearables due to the overwhelming need to monitor diseases and aging populations. More...
03 Nov 2016
Image: Medical technology company XENIOS has been sold to Fresenius Medical Care, a company that provides products and services for patients with renal diseases (Photo courtesy of iStock).

XENIOS AG Sold to Fresenius Medical Care

German private venture capitalist, Zfhn Zukunftsfonds Heilbronn Gmbh & Co Kg has sold medical technology company, XENIOS AG to Fresenius Medical Care AG & Co. KGaA. More...
03 Nov 2016

Siemens Healthineers and IBM Enter into Alliance for Population Health Management

Siemens Healthineers and IBM Watson Health have entered into a five-year, global strategic alliance in Population Health Management (PHM). The alliance will assist hospitals, health systems, integrated delivery networks, and other providers in delivering value-based care to patients with complex, chronic and costly conditions, like heart disease and cancer. More...
11 Oct 2016

HospiMedica Industry News channel updates the reader on mergers and takeovers, on cooperative agreements and on trends in the healthcare industry worldwide.
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