Medical Device Developments Weekly: 01/11/23
Medical Device Developments
Latest news and insight on innovations in the Medical Device sector.
The latest insight and analysis from the global medical device market from the last week courtesy of Medical Device Developments
Aspen Medical Products rolls out VRTX integrated cervical-to-sacrum spine support system
Developed based on the company’s previous Vista Cervical Collar, the VRTX System incorporates enhanced features into the new VRTX Collar.
It comprises prefabricated CTO, TLSO, LSO and CTLSO components, which provide optimal motion restriction and can be used according to the patient’s needs.
Aspen Medical Products said that the VRTX System is the first-ever cervical-to-sacrum system designed to redefine spinal care in acute care settings.
Its prefabricated design, combined with intuitively adjustable sizing will help clinicians fit patients and stabilise the spine immediately.
AEYE Health, Topcon Screen partner on AI-based diabetic retinopathy screening
Topcon Screen is a diabetic eye screening platform from?Topcon Healthcare .
AEYE-DS is a diagnostic screening technology.
It is said to have the quickest screening times and best-in-class efficacy as it only needs one image per eye and processes exams in less than five seconds.TRC-NW400 is a completely automated and robotic retinal camera.
The partnership is intended to offer AI-based point-of-care screening for diabetic retinopathy to generate immediate and accurate results.
It will enable primary care clinicians to directly screen patients for diabetic retinopathy in their clinic.
AEYE Health , which is engaged in providing AI-based diagnostics for retinal imaging, said that the partnership will help minimise the risk of non-compliance and close care gaps.
Medical Device OEMs R&D commitments
Medical OEMs dedicate a substantial share of their revenue to Research and Development thanks to critical drivers in the industry.
Medical OEMs operate in a sector where advancements can be life-changing. Breakthroughs in medical devices and equipment have the potential to revolutionize patient care, enhancing treatment outcomes and ultimately saving lives.
This mission to enhance the quality of healthcare serves as a fundamental driver behind the substantial R&D investments made by these companies.Rigorous regulatory standards, safety regulations, ever increasing demand, and FDA approvals demand significant R&D investments to ensure compliance and exceed safety and efficacy requirements.
UK announces new ￡100m fund for AI advancements in healthcare and life sciences
This initiative, known as the AI Life Sciences Accelerator Mission, is set to harness the UK’s unique strengths in secure health data and cutting-edge AI.
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The broader Life Sciences Vision encompasses eight critical healthcare missions that will involve collaboration among the government, industry, the NHS , academia, and medical research charities. These missions will focus on a range of healthcare challenges, from advancing?cancer treatment?to addressing dementia.
The ￡100 million in funding will play a pivotal role in exploring how AI can contribute to finding solutions for conditions with high mortality and morbidity rates.
AMETEK to acquire medical device maker Paragon Medical for $1.9bn
The US conglomerate said that the acquisition of Paragon Medical would significantly expand its presence in the medical technology field and provide access to new market segments.
Also, Paragon Medical ’s products and capabilities will complement its existing medical businesses and enable geographic and customer expansion opportunities, said AMETEK .
The transaction is subject to certain customary closing conditions, including necessary regulatory approvals.
Medinol secures FDA approval for EluNIR-PERL coronary stent system
EluNIR-PERL is the latest coronary stent in its EluNIR family of DES products and builds on the company’s existing EluNIR DES system.
The system comes with four radiopaque markers, two at each end of the stent, and a radiopaque catheter tip made of hybrid polymer-metal.
Its unique features facilitate superior visualisation during PCI procedures including navigation through complex anatomies and placement of the stent, said the medical device maker.
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