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Stay informed on the latest data, forecasts, innovations and news affecting the healthcare and medical device community. Visit the FIME news and articles page to get a selection of tailored information compiled from various news sources and made available to you. Additionally, sign up to receive the monthly FIME newsletter to receive these updates right to your inbox.
May 13, 2020 - For five days in June the global healthcare community will be brought together on a scale like never seen before through a new experience delivered entirely online, Omnia Health Live. The virtual event is brought by Informa Markets Healthcare, organiser of world-leading events Arab Health, Hospitalar, FIME and Medlab Middle East.
May 4, 2020 - A number of countries have now started to report that the rate of COVID-19 cases has started to decline. However, the progress that is being watched even more closely is the development of a coronavirus vaccine. It normally takes years to develop, approve and produce an effective vaccine. But due to the need of the hour, there are currently over 70 COVID-19 vaccines in development worldwide, according to the World Health Organization (WHO).
May 3, 2020 - Cleveland Clinic is establishing the Center for Global and Emerging Pathogens Research to broaden understanding of emerging pathogens – ranging from Zika virus to SARS-CoV-2 (which causes COVID-19) – and to expedite critically needed treatments and vaccines.
April 15, 2020 - The structural features of the surgical suite can influence not only the efficacy of the treatment provided but also the overall patient and staff experience. Modular operating room construction (MOR) is a concept that aims at improving architectural and engineering design as well as ergonomics of the occupied space.
April 12, 2020 - For many medical equipment markets, the pandemic’s impact is largely predictable—systems essential to diagnosing, monitoring, and treating COVID-19, like ventilators, patient monitoring solutions and digital X-ray, are experiencing exceptionally high demand and receiving the necessary funding, leaving little remaining budget for non-essential systems like MRI and interventional solutions. However, the prospects for medical imaging modalities, such as ultrasound, that fall somewhere in between essential and non-essential equipment are not as cut and dried.
The impacts of the coronavirus are unarguably far reaching. Among them is the interruption manufacturing and approvals of medical devices, and the slowing of elective medical procedures which is also impacting the medical device industry.
The value of 3D printing in Latin America’s healthcare industry is projected to grow. A 2019 report by Ken Research suggests it will reach $1.97B by 2023. The study attributes this in part to infrastructure development in the region, with key players improving upon the materials and technology used to develop 3D printed medical devices.
With a 1.1% projected GDP growth, a Global Health Intelligence (GHI) report indicates there could be new opportunities in Mexico this year for the medical device industry. This follows the country’s mild recession in 2019. The key to success, according to GHI, is being analytical.
FDA programs are helping medical device companies get SaMD products to market faster. This as, according to a Yahoo! Finance report, the global medical software market is projected to grow 5.8% each year, reaching $19.3 billion by 2025.
Could Mexico be next? The medical device industry is keeping a close eye on the relationship between the United States and its immediate neighbor to the south. The countries reached a deal to indefinitely suspend proposed tariffs after the U.S. announced earlier in 2019, that it would impose a 5% tariff, eventually set to rise to 25%, on all imports from Mexico, including medical devices.
To project medical device demands in Latin America for the next several years, just look to its aging, ailing population.
‘Latin America is getting older, heavier and sicker’ says a report by Global Health Intelligence which compares growth in 2018 to forecast demand for medical devices.