The medical device industry saw even more consolidation over the past year, as evidenced by Medical Design & Outsourcing‘s newest Big 100 list. It used to be that a company had to have at least $100 million in annual revenue to make it on the list. This time around, No. 100 on the list is […]
3M Healthcare grows as parent tops Q2 forecasts, narrows earnings guidance
3M (NYSE:MMM) reported second-quarter sales and operating income growth today for its healthcare business and overall results that beat the consensus forecast, but pared the top end of its earnings outlook for the rest of the year. The St. Paul, Minn.-based industrial conglomerate posted operating income growth of 6.6% to $435 million on sales growth of […]
8 crowdfunded health devices you need to know
Companies including 3M and Aura Medical are turning to the popular websites Kickstarter and Indiegogo to get their ideas crowdfunded by people who want them to come to life. The idea behind a crowdfunding website is that if you back the project and donate a certain amount of money, you’ll get something in return, oftentimes […]
How can the medical device industry become more inclusive?
The medical technology industry has a gender diversity and inclusion problem – and these executives have a few ideas about how to solve it. At DeviceTalks Minnesota 2018, a panel of experts tackled a question that has long plagued the medical device industry: How can medtech become more inclusive? (For more insight into the medtech […]
How’d they do that? 7 innovations from medical device contract manufacturers
Charles Darwin wrote, “In the long history of humankind (and animal kind, too) those who learned to collaborate and improvise most effectively have prevailed.” Medical device manufacturers get the credit for many innovations, but many need the ingenuity and commitment of contract manufacturers who design and produce the components that make those big splashes possible. […]
Bronchoscopes still dirty after cleaning, study says
A new study has found that currently acceptable methods of reprocessing reusable bronchoscopes left most devices contaminated and damaged. “The results are worrisome as patients undergoing bronchoscopy are commonly at high risk for infection due to transplant status, critical illness, or immune-suppression due to malignancy or chronic disease,” said the study, funded by 3M and […]
3M sticks it to non-sticky medical tape
3M has introduced a non-woven, elastic blend tape that may offer medical device wearers some relief from annoying problems such as losing its stickiness and skin irritation. The company says the single-coated tape, called 3M 4077, is water resistant, offers improved stretchiness and air penetration, and can be worn for up to 14 days. It combines adhesive with […]
7 exhibitors at DeviceTalks Minnesota you should know
DeviceTalks Minnesota is an annual event that allows some of the best minds in medtech to exchange ideas, insights and technologies. Medical Design & Outsourcing’s parent company WTWH Media holds DeviceTalks annually in Boston, Orange County, Calif., and the Twin Cities in Minnesota. It is hosted by MassDevice and attendees can plan to enjoy networking with people […]
3M Healthcare’s sales, profits gain in Q1
Sales and profits were up during the first quarter for the healthcare business at industrial conglomerate 3M Cos. (NYSE:MMM), the Minnesota-based company said today. 3M Healthcare posted operating profits of $460 million on sales of $1.54 billion for the three months ended March 31, for gains of 7.2% and 7.0%, respectively, over Q1 2017. Overall 3M […]
Income, sales rise for 3M Health Care’s during Q3
Sales and operating profits for the healthcare business at 3M Cos. (NYSE:MMM) rose during the third quarter, helping the industrial conglomerate top the consensus sales and earnings forecasts and sending share prices up today on Wall Street. 3M Health Care’s operating profits rose 9.3% to $471 million for the three months ended Sept. 30, compared […]
The 20 largest medical device companies in the world
When it comes to the largest medical device companies, it’s a changing cast of players – as demonstrated once again in Medical Design & Outsourcing’s latest Big 100 list. We pulled financial regulatory filings and reached out to major companies in some cases to create a list of the 100 largest medical device companies in […]
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