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Covidien Ltd.

Division of Medtronic PLC

Latest From Covidien Ltd.

Market Intel: Medtronic, Philips, Masimo, And Others Keep Pulse Beating In Oximetry Patient Monitoring Market

Demand for reliable, accurate, high-quality pulse oximetry devices in and – increasingly – outside hospitals is driven by the rise of chronic diseases, a growing elderly population prone to asthma, heart disease, sleep apnea and chronic obstructive pulmonary disease, as well as the need to monitor oxygen levels in premature babies. According to a new report by Meddevicetracker, the global market for standalone, hospital-grade pulse oximetry devices and accessories will reach $1.9bn by 2021, a CAGR of 5.4% from 2016. In this feature, we'll take a closer look at the overall pulse oximetry market, the major players and which forces are driving  and stymying  its growth.

Diagnostics Innovation

Spectranetics Gives Philips Adjacent Territory In Image-Guided Therapy

The plum in the middle of Philips' intense period of M&A this summer was the €1.9 billion purchase of Spectranetics, which, combined with Philips Volcano, should create a $1 billion+ devices business within the image-guided therapy group by 2020. IGT senior vice president and general manager Bert van Meurs explains the rationale behind the deal, and what's next for Philips.

Medical Device Deals

'Open Payments' Peek: Device, DX Company Payments To Physicians Slightly Down In 2016

The latest updates to the US Open Payments database show spending by device and diagnostics firms on physician royalties, consulting fees, education, research and more was a bit less in 2016 compared to 2015, but still substantial. Top "general payment" spending came from Medtronic, Zimmer Biomet, Johnson & Johnson, Stryker, Smith & Nephew and Intuitive Surgical; while top "research payments" were reported by Edwards Lifesciences, Boston Scientific, and Abbott Laboratories, according to the CMS database.

Regulation Compliance

Medtronic Ethics Chief Stresses Staff Awareness, Clear Guidelines

Tom Schumacher, Medtronic’s global chief ethics and compliance officer, has focused on staff buy-in and setting specific overseas standards in setting up the multination firms complex compliance network. Schumacher, who’s been with Medtronic since 2007, spoke to Medtech Insight after winning the 2017 PwC Award for Leadership in the Advancement of Ethics in the Medical Device Industry earlier this month.

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