Wednesday, March 13, 2024

Factors to Consider When Investing in a Medical Equipment Manufacturer

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There are a number of steps that must be taken by a Medical Equipment Manufacturer before it can begin production. These steps include costing the product, developing a manufacturing schedule, prototyping and assembling the products, and identifying potential latent defects. Once the prototypes have been approved, production can begin.

Becton Dickinson & Company

In the late 1990s, Becton Dickinson & Co. experienced a period of rapid growth. The company grew its revenues from $1.71 billion to $2.47 billion, mainly by expanding its presence in new global markets and introducing new proprietary products. The company also focused on expansion efforts in Asia-Pacific and Latin America. By the end of the decade, international sales accounted for nearly 44 percent of the company’s total sales. In 1993, the company’s founder and chairman, Charles Howe, retired and was replaced by David Gilmartin.

The company is currently a leader in the medical industry, producing diagnostic equipment and supplies for medical practices worldwide. Its operations are divided into three business segments: Medical Systems, Biosciences, and Preanalytical Solutions. The Medical Systems division produces medical instruments, pharmaceutical systems, and diagnostic kits. The Biosciences division offers instruments and reagent systems that detect various infectious diseases.

Siemens Healthineers

Siemens Healthineers is a leading provider of healthcare technology. Its epoc(c) Blood Analysis System is a highly cost-effective POC testing solution. It uses Smartcard Technology and wireless communication to deliver real-time lab-quality results. The device has already gained widespread acceptance among healthcare providers. The company is committed to providing quality products and services to physicians and patients.

Siemens Healthineers is organized into three businesses: Imaging, Diagnostics, and Advanced Therapies. Imaging accounted for the majority of the company’s sales in its fiscal year 2018. Sales in this segment were up about 4% year-over-year. Diagnostics, which contributed less than half of the company’s revenue, decreased by 5 percent from 2017 to 2018. The company attributed the decrease to negative currency translation effects.

OBL

In May 2021, OBL Medical Equipment Manufacturers will have to comply with the new Medical Devices Regulation (MDR). To comply with the MDR, OBL Medical Equipment Manufacturers must appoint a suitable Person Responsible for Regulatory Compliance (PRC) or EU Representative (EU Rep), track and report complaints, and complete PMS. They must also assign a unique device identifier (UDI) to the medical device that they make.

Philips, for example, has several different OBL offerings, including SymphonySuite. The company also offers a Cadence Reward Program and Philips Medical Capital to help OBL owners equip their facilities with the latest technology and innovations.

Blue Sail Medical Co., Ltd

The company’s extensive data and information collection spans a wide variety of sectors, including medical products and services. Their database contains details of approved medical devices as well as those still in development. It also includes details of the company’s operations, recruitment, and decision-making processes.

Based in Zibo, China, Blue Sail Medical Co., Ltd. manufactures a wide range of medical protection gloves. Products include PVC and nitrile disposable gloves, as well as children’s and household gloves. The company also produces cardiac stents.

Global Hospital Furniture Market

Hospital furniture is an important part of the medical world. These pieces of furniture provide a range of important services, from providing comfort during recovery to helping surgeons and doctors perform their jobs safely. Hospitals also need to ensure that the furniture they choose is durable and hygienic. It is important that these furnishings are made by a manufacturer with experience in the healthcare sector. The manufacturer should be familiar with the requirements of a hospital, as well as the particular needs of different medical facilities.

The global hospital furniture market is segmented according to type, application, and end-user. Hospital beds and chairs are among the most common pieces of hospital furniture. Other types of furniture include patient and staff chairs, physician’s furniture, and specialty furniture. The industry is further segmented based on key regions.

The hospital furniture market is growing at a healthy pace with a 6.78% CAGR during 2015-2019. The healthcare furniture market is also gaining momentum with the emergence of linked medical healthcare service centers and quarantine facilities. Moreover, the ongoing COVID-19 eradication campaign offers a significant opportunity in the hospital medical furniture industry. Further, the increasing number of critical patients and the increasing number of diagnostic procedures will continue to increase demand for hospital medical furniture.

Healthcare furniture needs to be easy to clean and disinfected. Therefore, it is imperative to choose furniture with durable, fluid-resistant materials. Moreover, the materials used in Hospital Furniture should be fluid-resistant to prevent tearing and cracking. For instance, non-porous fabrics are a better choice for healthcare furniture as they are resistant to bleach cleaners and other harsh chemicals.

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