A year ago, how many of us would have predicted what would happen in 2022?
There have been exciting and encouraging developments in medical technology innovation, major challenges from supply chains and labor shortages, and spin-offs, acquisitions and partnerships between some of the industry’s biggest players.
As we head into 2023, let’s see what’s next Medical design and outsourcing‘s Top Stories in Medical Technology 2022.
1. 2022 Medtech Big 100: World’s Largest Medical Device Companies
The medical technology business, spun off as an independent company, has created several new names in the 2022 Medical Technology Big 100 ranking of the world’s largest medical device companies. The largest medical device companies are still Medtronic, Johnson & Johnson MedTech (rebranded from Johnson & Johnson Medical Devices) and Siemens Healthineers, but the latest ranking also includes newly established companies such as Enovis and ZimVie .
2. 24 Best Medical Device Innovations for 2022
Cala Health’s Cala Trio essential tremor treatment wearable won first prize, and 20 medical technology innovations were nominated for the Galien Foundation’s 2022 Prix Galien USA Awards.
3. What is Pulsed Field Ablation? Here’s What You Need to Know
Pulsed-field ablation is a non-thermal method of cardiac ablation that has the potential to positively disrupt treatment methods for atrial fibrillation (AFib). Top experts from Boston Scientific, Medtronic and Acutus Medical shared insights on the potential of pulsed field ablation at DeviceTalks Boston.
4. Johnson & Johnson Medical Devices removes “medical device” in rebranding
Changing the Johnson & Johnson Medical Devices business name to Johnson & Johnson MedTech may seem like a small change, but it was big news. As EVP and Executive His Chair Ashley McEvoy explained, the new identity marks a shift from a focus on devices to broader innovations such as cloud connectivity. J&J is not alone. Medtronic CEO Jeff Martha said he wants to use new advances to “bring technology into medical technology.”
5. Employees named Intuitive, Boston Scientific, J&J and Medtronic among the best places to work in 2022.
Growth in the medtech industry, with the Big 100 posting record sales, increasing headcounts and R&D budgets, collides with global labor shortages and opportunities for in-demand talent to choose where to work increased.
6. Why Affera’s Cardiac Ablation Technology Is Worth $1 Billion For Medtronic
Affera’s system diagnoses, maps, and treats cardiac arrhythmias with ablation, founder and CEO Doron Harlev explained in an interview after Medtronic closed the deal. Rebecca SeidelHe is president of Medtronic’s Cardiac Ablation Solutions business.
7. CFO Karen Parkhill Explains Medtronic’s M&A Strategy
Medical design and outsourcing 2022 kicked off with a cover story interview with Karen Parkhill, CFO of Medtronic. I couldn’t afford to print the whole thing, so I posted his Parkhill commentary on Medtronic’s M&A strategy as an online separate volume.
8. 10 Medical Device Startups You Should Know About
Some of the most interesting medical device startups of 2022 are advancing a wide range of innovative medical technologies, including robotics, brain-computer interfaces for catheter delivery, and more. Companies like CMR Surgical, Endiatx, and Moon Surgical have been in the news since they posted their listings. Learn more about all 10 startups here.
9. ‘Catastrophic Explosion’ and Resin Shortage Caused Medtronic Supply Chain Problems
Medtronic CEO Geoff Martha blamed supply chain problems for much of the company’s $350 million loss in the fourth quarter. In particular, the shortage of semiconductors, resins, and packaging was a problem. These issues plague many others in the medical device industry, and demand for chips and resins remains high as of early 2023.
10. What is Nitinol and where is it used?
Nitinol is a metal alloy of nickel and titanium with unique properties for medical applications, such as superelasticity or pseudoelasticity and “shape memory.” In other words, Nitinol can remember its original shape and return to its original shape when heated.
more Medical design and outsourcingTop news for 2022:
- DOJ files a subpoena to Philips regarding the Respironics recall. CEO Responds to Investigation
- Paralyzed Patient Walks, Swims, and Bikes with Spinal Neuromodulation Implants
- Endiatx pill-sized robot swims to see inside the stomach
- Medtronic Announces New Results in Renal Denervation, Completes Study Enrollment
- Integer Holdings Adds Members to Management Team
- FDA and VA Ventures Innovation Institute Partner on New Medical Device Testing Tools
- Massachusetts IP Attorney Earns Honor for Patent Strategy
- Ultrasonic Welded Flow Sensor Critical to Hamilton Medical’s Successful Ventilator Design
- These 14 Medical Device Inventions Are The Best, Time Magazine Says
- How long and how much does FDA 510(k) clearance and De Novo classification take?
- 18 of the world’s most innovative medical technologies
- Long-term study of COVID reveals potential for hyperbaric oxygen therapy
- Jury Delivers $363 Million Verdict in Sterigenics Ethylene Oxide Lawsuit
- The Cloud is Transforming Medical Technology: Leaders from Amazon, Microsoft, Google, J&J, Philips and GE Healthcare Explain
- Zimmer Biomet narrowly avoids shareholder outcry over executive compensation
- Medtronic VC Leader on Risk, Return, Strategy, and the ‘Ugly Truth’
- Syncron says studies show safety of brain-computer interface implant
- Johnson & Johnson Leaders Discuss What Microsoft’s Cloud Deal Will Enable
- Hugo’s feedback is positive as Medtronic looks to scale up production of surgical robots
- Medline Industries Revenues to Grow Nearly 15% in 2021
- Toray Develops New Elastic Film for Medical Devices
- How medical device companies are responding to abortion bans
- Johnson & Johnson and Microsoft Partner on Digital Surgery
- Stryker CEO Lobo on Successful Wright Medical Merger, Improving Competitiveness in Surgical Robotics
- 3M Healthcare business president to retire this year
- FDA Proposes New Cybersecurity, Supply Chain and Testing Methods for Medical Device Manufacturers
- FDA warns of potential toxicity risks from Fresenius hemodialyzers