Top Device Companies

Siemens, GE, Royal Philips See Profits In Selling Imaging Devices To China

Siemens, Royal Philips Electronics and General Electric seek to take advantage of China’s $125 million health care-reform plans. The three device makers are vying to supply CT-scanners to new hospitals and clinics that will need medical devices to provide the universal health care promised by the government over the next three years. Although Chinese companies provide little competition, some of the device makers complain China policy is too protective of local technology, making it difficult for foreign firms to operate. (Click here for more – a subscription may be required)

“CT Scan Makers Gun For China” – Wall Street Journal (U.S.) (7/27/10)

Medical device manufacturers facing many challenges: from the rising clout of group purchasing organizations (GPOs) to payment bundling and physicians' growing allegiance with hospitals in product price negotiations. Get all the answers now in new Medtech Insight's new 24-page Special Report: Medical Device Landscape: How regulatory changes and cost control measures are reshaping the industry. Available for purchase now!

GE, Siemens, Philips Eye India’s Fast-Growing Devices Market

GE Healthcare is looking to capitalize on India’s $3 billion medical-device market growing at the rate of more than 10 percent a year. GE is part of a venture with Wipro of India aiming at what a PriceWaterhouseCoopers official called a market for “first-world technology at third-world prices,” making India a training ground for marketing in Africa and Latin America. He said that same market was attracting other device makers such as Siemens and Philips who, along with GE, plan to adopt a local-for-local strategy in India. (Click here for more)

“In India, For India: Medical Device Makers Plug In” – Reuters (7/4/10)

Medical device manufacturers facing many challenges: from the rising clout of group purchasing organizations (GPOs) to payment bundling and physicians' growing allegiance with hospitals in product price negotiations. Get all the answers now in new Medtech Insight's new 24-page Special Report: Medical Device Landscape: How regulatory changes and cost control measures are reshaping the industry. Available for purchase now!

GE CT Technology Pioneer Says In Study Software Cuts Exposure

The man behind General Electric’s Adaptive Statistical Iterative Reconstruction CT imaging technology in 2008 says in a study new software could cut radiation exposure. The research team headed by Daniel Johnson, who studied the ASIR behind the GE  technique, said the program allows physicians to cut radiation doses by half in a colon scan. The published study said the program allows use of far less radiation even in typical CT scans, a concern that has been raised recently as a danger to patients. In addition to GE, Siemens and Philips have been working on reducing the amount of radiation necessary to produce a CT image. (Click here for more)

“Software Cuts CT Radiation Dose In Half: U.S. Study” – Reuters (6/21/10)

Medical device manufacturers facing many challenges: from the rising clout of group purchasing organizations (GPOs) to payment bundling and physicians' growing allegiance with hospitals in product price negotiations. Get all the answers now in new Medtech Insight's new 24-page Special Report: Medical Device Landscape: How regulatory changes and cost control measures are reshaping the industry. Available for purchase now!

Siemens, Philips, GE, Other Radiation Device Makers Agree To Safeguards

Siemens, Philips, GE Healthcare and other major makers of radiation-emitting devices for treating cancer agreed to guard against excessive doses. The makers agreed to add elements to prevent the devices from operating unsafely, phasing in the safeguards over the next two years. Focused-beam machines are to work only when positioning accessories are in place, and other gear would require programmed treatment plans supplied by a physician or medical physicist before they can operate. (Click here for more)

“Radiation Device Makers To Add Safety Checks” – Reuters (6/9/10)

Medical device manufacturers facing many challenges: from the rising clout of group purchasing organizations (GPOs) to payment bundling and physicians' growing allegiance with hospitals in product price negotiations. Get all the answers now in new Medtech Insight's new 24-page Special Report: Medical Device Landscape: How regulatory changes and cost control measures are reshaping the industry. Available for purchase now!

Boston Sci, Siemens, Philips Collaborate To Merge Ultrasound, X-Ray

Boston Scientific reports its iLab ultrasound imaging system has been made compatible with the X-ray products of rival companies. Boston Sci, Siemens Medical Solutions and Philips Healthcare collaborated to test the intravascular ultrasound device with the two X-ray systems. Siemens offered its Axiom Artis and Artis zee and Philips its Allura Xper interventional X-ray systems used in catherization and radiology. Boston Scientific said the collaboration would allow its ultrasound system to work with most such X-ray systems. (Click here for more)

“Boston Scientific Moves To Make Ultrasound Device More Compatible” – MassDevice (5/24/10)

Medical device manufacturers facing many challenges: from the rising clout of group purchasing organizations (GPOs) to payment bundling and physicians' growing allegiance with hospitals in product price negotiations. Get all the answers now in new Medtech Insight's new 24-page Special Report: Medical Device Landscape: How regulatory changes and cost control measures are reshaping the industry. Available for purchase now!

Siemens, Philips, Toshiba, GE PET Scans Grow By Third Per Year

Siemens, Royal Philips,Toshiba and General Electric are benefiting from a 30 percent-per-year increase in the use of imaging tests such as PET scans for elderly people with cancer. The four companies make the devices, including PET imagers that are charged at the rate of $2,000 per test. Despite the costs, use of the scans rose by one-third a year between 1999 to 2006. The report of the increase in the use of the scans for Medicare patients was published in the Journal of the American Medical Association. (Click here for more)

“Cancer Imaging Tests Increase More Than 30 Percent Each Year In Study” – Bloomberg (4/27/10)

Medical device manufacturers facing many challenges: from the rising clout of group purchasing organizations (GPOs) to payment bundling and physicians' growing allegiance with hospitals in product price negotiations. Get all the answers now in new Medtech Insight's new 24-page Special Report: Medical Device Landscape: How regulatory changes and cost control measures are reshaping the industry. Available for purchase now!

Siemens, Philips, GE Invited To Meeting On Radiation Safety

Siemens, Philips Medical and GE Healthcare are among 93 companies that received letters from the FDA requesting they attend a workshop about excess radiation from their products. The firms make devices that deliver radiation to cancer patients. The FDA said it has received nearly 1,200 complaints in the past 10 years about unsafe radiation levels. The agency previously raised concerns about radiation used in diagnostic imaging equipment. (Click here for more)

“FDA Turns Attention To Radiation Therapy Devices” – Reuters (4/8/10)

Medical device manufacturers facing many challenges: from the rising clout of group purchasing organizations (GPOs) to payment bundling and physicians' growing allegiance with hospitals in product price negotiations. Get all the answers now in new Medtech Insight's new 24-page Special Report: Medical Device Landscape: How regulatory changes and cost control measures are reshaping the industry. Available for purchase now!

Siemens, GE, Others See Payback In Ultrasound Replacing Biopsies

Siemens, General Electric and other device makers are investing heavily in a new type of ultrasound device believed to have the potential of obviating the need for biopsies. The technology involves elastography that produces images of compressed tissue, an indication of a tissue’s health. The devices also are considered more adaptable to innovative manipulation by an administering physician. Along with Siemens and GE, Hitachi and Aloka also are investing in the technology. (Click here for more)

“New Type Of Ultrasound Might Substitute For Some Biopsies” – Washington Post (3/30/10)

Medical device manufacturers facing many challenges: from the rising clout of group purchasing organizations (GPOs) to payment bundling and physicians' growing allegiance with hospitals in product price negotiations. Get all the answers now in new Medtech Insight's new 24-page Special Report: Medical Device Landscape: How regulatory changes and cost control measures are reshaping the industry. Available for purchase now!

Siemens, Philips, GE Could Face Loss Of Third-Party Review Option

Siemens, Philips Electronics, General Electric and other makers of imaging devices may face an FDA clampdown on use of outsourced reviews of certain studies. The agency has allowed outsourced-reviews of new devices considered similar to others already on the market, such as X-ray and MRI machines, believing the move saved taxpayer dollars. But the FDA now not only questions the savings, it questions the quality of many of the reviews made by the third parties. (Click here for more – a subscription may be required)

“Third-Party Reviews Of Devices Come Under Scrutiny At The FDA” – Wall Street Journal (3/15/10)

Medical device manufacturers facing many challenges: from the rising clout of group purchasing organizations (GPOs) to payment bundling and physicians' growing allegiance with hospitals in product price negotiations. Get all the answers now in new Medtech Insight's new 24-page Special Report: Medical Device Landscape: How regulatory changes and cost control measures are reshaping the industry. Available for purchase now!

Siemens, Philips, GE Lead Rush To Supply Devices In China Health Reform

Siemens, Philips Electronics and GE Healthcare expect to reap major shares of the new market for medical devices in China as the nation moves into a $125 billion, three-year plan to improve health care. The three device makers see a 13.5 percent annual growth in the Chinese market for medical devices, thanks to an emphasis on building new hospitals in the rural areas. The hospitals need medical equipment and global device makers seek to supply them. GE Healthcare has 600 engineers working in China, while Siemens and Philips rely on their Chinese labs to develop inexpensive imaging equipment for hospitals and clinics. (Click here for more)

“The Ka-Ching In China Luring Medical Giants” – Business Week (3/4/10)

Medical device manufacturers facing many challenges: from the rising clout of group purchasing organizations (GPOs) to payment bundling and physicians' growing allegiance with hospitals in product price negotiations. Get all the answers now in new Medtech Insight's new 24-page Special Report: Medical Device Landscape: How regulatory changes and cost control measures are reshaping the industry. Available for purchase now!