# Medical Device * **Definition:** Instruments or apparatuses used in the diagnosis, treatment, or prevention of medical conditions. * **Taxonomy:** Sectors / Medical Device ## News * Selected news on the topic of **Medical Device**, for healthcare technology leaders * 42.2K news items are in the system for this topic * Posts have been filtered for tech-related keywords | Date | Title | Source | | --- | --- | --- | | 5/28/2025 | [**Smart Medical Devices Market size was valued at USD 44.2 Bn. in 2023**](http://prsync.com/maximize-market-research-company/smart-medical-devices-market-size-was-valued-at-usd--bn-in--4742697/) | [[PRSync]] | | 4/15/2025 | [**Wearable Medical Devices Market Size to Achieve USD 430.76 Bn by 2034 - Statifacts**](https://finance.yahoo.com/news/wearable-medical-devices-market-size-145000547.html) | [[Yahoo Finance]] | | 4/8/2025 | [**Connected Medical Device Security Solutions Market Disruptions: The $1.1 Billion Opportunity Vendors Can't Afford to Miss**](https://finance.yahoo.com/news/connected-medical-device-security-solutions-130000603.html) | [[Yahoo Finance]] | | 4/4/2025 | [**AI in Medical Devices Brings New Challenges & Opportunities for Manufacturers**](https://www.mddionline.com/artificial-intelligence/ai-in-medical-devices-brings-new-challenges-and-opportunities-for-manufacturers) | [[MDDI]] | | 4/2/2025 | [**Medical device cybersecurity could be challenged by HHS staffing cuts**](https://www.healthcarefinancenews.com/news/medical-device-cybersecurity-could-be-challenged-hhs-staffing-cuts) | [[Healthcare Finance]] | | 2/13/2025 | [**Medical Device Market Industry Outlook Report 2025-2030 - Yahoo Finance**](https://finance.yahoo.com/news/medical-device-market-industry-outlook-143600572.html) | [[Yahoo Finance]] | | 1/31/2025 | [**Medical Device CRO Market Industry Trends and Global Forecasts 2024-2035, Profiles of Avania, Charles River, CROMSOURCE, CSSi LifeSciences, Eurofins, IQVIA, Medpace, NAMSA, Qserve, WuXi AppTec - ResearchAndMarkets.com**](http://www.businesswire.com/news/home/20250131088975/en/Medical-Device-CRO-Market-Industry-Trends-and-Global-Forecasts-2024-2035-Profiles-of-Avania-Charles-River-CROMSOURCE-CSSi-LifeSciences-Eurofins-IQVIA-Medpace-NAMSA-Qserve-WuXi-AppTec---ResearchAndMarkets.com/?feedref=JjAwJuNHiystnCoBq_hl-RLXHJgazfQJNuOVHefdHP-D8R-QU5o2AvY8bhI9uvWSD8DYIYv4TIC1g1u0AKcacnnViVjtb72bOP4-4nHK5ieT3WxPE8m_kWI77F87CseT) | [[Business Wire]] | | 1/29/2025 | [**$19.3 Bn Medical Device CRO Market Industry Trends and Global Forecasts, 2035 - Yahoo Finance**](https://finance.yahoo.com/news/19-3-bn-medical-device-090400872.html) | [[Yahoo Finance]] | | 1/20/2025 | [**Medical Device Connectivity Market Size to Hit USD 16.21 Billion by 2032, Growing at a ...**](https://finance.yahoo.com/news/medical-device-connectivity-market-size-125900537.html) | [[Yahoo Finance]] | | 1/15/2025 | [**Innovation Drives Development and Active Devices Continue to Gain Momentum - 2025 ...**](https://www.prnewswire.com/apac/news-releases/innovation-drives-development-and-active-devices-continue-to-gain-momentum---2025-medtec-further-integrates-resources-302349934.html) | [[PR Newswire]] | | 11/21/2024 | [**Smart Medical Devices Business Research Report 2024-2030 - Rising Demand for AI ...**](https://finance.yahoo.com/news/smart-medical-devices-business-research-141600385.html) | [[Yahoo Finance]] | | 11/15/2024 | [**Global Medical Device Sensors Market Analysis: Key Market Trends and Future Projections (2024**](https://www.linkedin.com/pulse/global-medical-device-sensors-market-analysis-key-trends-hbsbc) | [[Linkedin]] | | 11/15/2024 | [**Medical Device CRO Market Size Projected to Cross $10.6 Billion by 2028 - Yahoo Finance**](https://finance.yahoo.com/news/medical-device-cro-market-size-123600395.html) | [[Yahoo Finance]] | | 11/5/2024 | [**Leveraging Big Data in Medical Device Software: A Game-Changer for MedTech Startups**](https://medtechintelligence.com/feature_article/leveraging-big-data-in-medical-device-software-a-game-changer-for-medtech-startups/) | [[MedTech Intelligence]] | | 10/3/2024 | [**Medical Devices Outsourcing Market Size to Reach USD 232.8 Billion by 2028, Growing at ...**](https://finance.yahoo.com/news/medical-devices-outsourcing-market-size-141000475.html) | [[Yahoo Finance]] | | 9/13/2024 | [**The Marketers Group and Object North Partner to Launch Full-Service Integrated Marketing Agency**](https://www.myhighplains.com/business/press-releases/ein-presswire/743054671/the-marketers-group-and-object-north-partner-to-launch-full-service-integrated-marketing-agency) | myhighplains.com | | 9/12/2024 | [**Wearable Medical Devices Market Segments, Drivers, Restraints, And Trends For 2024-2033**](https://tech.einnews.com/amp/pr_news/740107237/wearable-medical-devices-market-segments-drivers-restraints-and-trends-for-2024-2033) | tech.einnews.com | | 9/7/2024 | [**Medical Device Contract Manufacturing Market Report, Size, Share, Growth, Trends ...**](https://www.whatech.com/og/markets-research/medical/877202-medical-device-contract-manufacturing-market-report-size-share-growth-trends-industry-forecast-to-2033.html) | whatech.com | | 8/16/2024 | [**Medical Device Connectivity Market Overview, Competitive Analysis, Key Trends And ... - WhaTech**](https://www.whatech.com/og/markets-research/medical/867752-medical-device-connectivity-market-overview-competitive-analysis-key-trends-and-outlook-2024-to-2033.html) | whatech.com | | 8/16/2024 | [**Heidelberg Engineering's SPECTRALIS OCTA Module With SHIFT Technology Wins FDA Clearance**](https://www.mpo-mag.com/contents/view_breaking-news/2024-08-16/heidelberg-engineerings-spectralis-octa-module-with-shift-technology-wins-fda-clearance/) | mpo-mag.com | | 8/1/2024 | [**AI/ML Medical Device Global Market 2024 To Reach $16.38 Billion By 2028 At Rate Of 24.7%**](https://tech.einnews.com/pr_news/732127296/ai-ml-medical-device-global-market-2024-to-reach-16-38-billion-by-2028-at-rate-of-24-7) | tech.einnews.com | | 7/24/2024 | [**Saudi Arabia Medical Devices Market: Unlocking Growth Secrets, Trends and Developments [2028]**](https://www.informazione.it/c/9D6534C7-168B-4369-A417-03971145D860/Saudi-Arabia-Medical-Devices-Market-Unlocking-Growth-Secrets-Trends-and-Developments-2028) | informazione.it | | 7/22/2024 | [**Wearable Medical Devices Market Revenue and Statistics Projections for 2030 - WhaTech**](https://www.whatech.com/og/markets-research/medical/859512-wearable-medical-devices-market-revenue-and-statistics-projections-for-2030) | whatech.com | | 7/10/2024 | [**Med-Tech and Automation trends in the medical devices industry - Infiniti Research**](https://www.infinitiresearch.com/thoughts/medical-device-industry-trends-automation/) | infinitiresearch.com | | 7/9/2024 | [**Medical Device Security Market Poised for Robust Growth, Set to Reach $12.06 Billion ... - WhaTech**](https://www.whatech.com/og/markets-research/medical/854206-medical-device-security-market-poised-for-robust-growth-set-to-reach-12-06-billion-by-2030) | whatech.com | ## Sector Overview (Some LLM-derived content — please confirm with above primary sources) ### Key Players - **Medtec**: A comprehensive platform for medical device solutions, recognized for hosting significant industry events and promoting localization of high-end medical equipment. - **Medtronic**: A leading global medical technology company focused on developing innovative medical devices and therapies. - **GMDN Agency**: The Global Medical Device Nomenclature Agency, which collaborates with partners to enhance post-market medical device intelligence. - **FDA**: The U.S. Food and Drug Administration, which oversees medical device regulation and has appointed new leadership in its medical devices unit. - **Medtronic Plc**: A leading global healthcare solutions company focused on medical devices and therapies. - **Medcrypt**: Enhances cybersecurity solutions for medical device manufacturers. - **Spark Biomedical**: A medical device developer focused on bioelectric medicine, offering programs to empower clinicians in device innovation. - **General Electric, Medtronic, Siemens Healthineers**: Key players in the AI/ML medical device market focusing on technological innovation. - **Cerulean Scientific Inc.**: Focused on developing innovative implantable medical devices. - **Boston Scientific**: A global leader in medical devices, reporting significant revenue increases and focusing on innovative solutions. - **Levl**: A digital health startup involved in the Public-Private Partnership for Pediatric Medical Devices. - **Abbott Laboratories**: A key player in the implantable medical devices market, known for its innovative healthcare solutions. - **InnoScot Health**: An organization focused on enhancing regulatory expertise in medical device development. - **Elevaris Medical Devices**: A newly formed entity from the merger of Spectra Medical Devices and XL Precision Technologies, specializing in precision medical device development. - **WHO**: The World Health Organization, which launched MeDevIS, an online platform for medical device information. - **Dot Compliance Inc.**: A company specializing in electronic Quality Management System (eQMS) solutions for medical device manufacturing. - **Zane Myers Company**: Offers the Stakeholder Engagement Blueprint to assist medical device companies. - **HCL Technologies**: Involved in medical device engineering, catering to the growing demands of the market. - **ResearchAndMarkets.com**: A leading source for international market research reports and data, providing insights into medical device collaborations and licensing deals. ### Partnerships and Collaborations - **MeDevIS**: An initiative by WHO to assist governments and regulators in informed decision-making regarding medical devices. - **GMDN Agency and Guy's and St Thomas' NHS Foundation Trust**: Collaborating to enhance post-market medical device intelligence in the UK. - **Medical Devices Cluster in Costa Rica**: Cadence joined as the 64th member, promoting collaboration among medical device companies. - **Medcrypt and BioT**: Partnership to enhance cybersecurity solutions for medical devices, focusing on vulnerability management and FDA compliance. - **NEST, CMS, and FDA**: Collaboration to utilize real-world evidence to expedite regulatory submissions for medical devices. - **Public-Private Partnership for Pediatric Medical Devices (PMD-PPP)**: A collaboration led by NIH and FDA, including major companies like Johnson & Johnson and Philips, aimed at enhancing pediatric medical device innovation. - **Materialise and HP**: Collaborating to advance the development of 3D-printed medical devices, enhancing compatibility between printing technology and image processing software. - **Medtronic and Abbott**: Collaboration to develop continuous glucose monitoring systems. - **Spectra Medical Devices and XL Precision Technologies**: Merged to form Elevaris Medical Devices, enhancing capabilities in precision medical device manufacturing. - **Varanium Cloud and QMS MAS**: Partnership leading to the development of devices aimed at improving healthcare access. - **NIHR HRC in Pediatrics and AAP**: Collaborative networks facilitating the development and adoption of pediatric-specific medical devices. - **Mass General Brigham and Philips**: Collaborating to create a unified platform for real-time patient monitoring data integration, enhancing clinical decision-making. - **Classys and Cartessa Aesthetics**: A partnership to distribute aesthetic technology devices in the American market. - **Mainz Biomed and Quest Diagnostics**: Partnering to commercialize the ColoAlert colorectal cancer screening test, utilizing PCR technology. - **QHP Capital**: Facilitated the acquisition of XLPT by Spectra, combining strengths to better serve medical device manufacturers. - **InnoScot Health**: Engaging with NHS Scotland staff, SMEs, and universities to improve healthcare product development. - **Crown Bioscience and JSR Life Sciences**: Collaborating to launch OrganoidXplore for accelerating preclinical oncology drug discovery. - **Glooko and Georgian**: Series F financing round to enhance capabilities in data insights and chronic condition support. ### Innovations, Trends, and Initiatives - **Medical Device Cybersecurity Certification Program**: Launched by IEEE to enhance the safety and security of medical devices against cyber threats. - **IEEE Medical Device Cybersecurity Certification Program**: Launched to enhance vendor due diligence and consumer trust in medical devices. - **AI and Machine Learning in Medical Devices**: Increasing integration of AI and ML in medical devices, requiring rigorous regulatory scrutiny. - **Wearable Medical Devices**: The market is experiencing significant growth driven by technological innovations, with a focus on smaller, lighter devices and advancements in wireless technologies. - **Medical Device Connectivity Market**: Projected to reach $2.29 billion by 2025, driven by the adoption of electronic health record systems and wireless solutions. - **Active Implantable Medical Devices (AIMDs)**: The market for AIMDs is projected to grow significantly due to increasing chronic disease prevalence and aging populations. - **Smart Medical Devices**: Market expected to grow from $33.7 billion in 2023 to $67.4 billion by 2030, with a CAGR of 10.4%. - **AI/ML Medical Device Market**: Expected to grow from $5.42 billion in 2023 to $16.38 billion by 2028, driven by regulatory support and advancements in technology. - **Big Data in Medical Devices**: Enhancing patient care and operational efficiency through real-time monitoring and predictive analytics. - **MeDevIS Platform**: An initiative by WHO to provide a centralized database for medical device information, aiding decision-making for various stakeholders. - **Smart Medical Devices Market**: Expected to grow from $44.2 billion in 2023 to $134.25 billion by 2030, integrating sensors and data analytics. - **Stakeholder Engagement Blueprint**: A proprietary system designed to help medical device companies navigate healthcare complexities and enhance sales. - **Wearable Devices**: The wearable medical devices market is expanding due to increasing health awareness and technological advancements. - **Wearable Medical Device Market**: Projected to reach USD 84.8 billion by 2034, driven by the rise in chronic diseases and the demand for continuous monitoring. - **Adaptive Cardiac Devices**: Transforming heart disease treatment through real-time monitoring and AI-driven personalized therapy. - **Connected Medical Device Security Solutions**: Projected to reach $1.1 billion by 2030, driven by the need for robust security in increasingly interconnected healthcare systems. - **AI Integration**: Increasingly incorporated into medical devices, raising concerns about cybersecurity and data privacy. ### Challenges and Concerns - **Compliance with EU MDR**: Medtech companies face challenges in complying with the EU Medical Device Regulation, which aims to enhance device safety. - **Regulatory Compliance**: Medtech companies are focused on complying with the EU Medical Device Regulation (EU MDR), which imposes strict timelines for device approval. - **Cybersecurity Risks**: Implantable medical devices are vulnerable to cyberattacks, leading to recalls and safety concerns. - **High Costs and Investment Barriers**: Challenges in the medical device market related to R&D costs and regulatory compliance. - **Cybersecurity Threats**: Vulnerabilities in the medical device supply chain pose significant risks to patient safety. - **High Development Costs**: The high costs associated with developing and manufacturing medical devices can hinder market entry. - **Data Privacy and Security**: Concerns regarding data privacy and inconsistent regulatory standards pose risks to the wearable medical devices market. - **Regulatory Hurdles**: The FDA faces challenges in maintaining oversight and ensuring the safety of medical devices amidst potential staffing cuts. - **Supply Chain Disruptions**: Issues arising from pandemics and other disruptions affecting the supply chain for medical devices. - **Data Security Concerns**: Wearable medical devices face challenges related to the security of sensitive health information collected from users. - **Cybersecurity**: Increased concerns due to data breaches and ransomware attacks, necessitating robust security measures for medical devices. - **High Capital Costs**: The medical device industry faces pricing pressures from healthcare systems and insurers, impacting profitability. - **Vendor Management Issues**: Challenges in managing vendor relationships can hinder efficiency and regulatory compliance in the medical device regulatory affairs market. - **Data Privacy**: Concerns regarding data privacy in wearable medical devices and the handling of personal health information. - **Cost and Maintenance**: High maintenance costs and limited reimbursement options may impede the widespread adoption of wearable medical devices. ## Related Topics [[Med Device]]; [[Smart Medical Devices]]; [[Wearable Medical Devices]]; [[Medical Device Connectivity]]; [[Medical Software]]