...The Future of Cardiovascular Diagnostics THE MARKET, TRENDS & FUTURE DIRECTIONS Extracted on: 20 Apr 2011 Reference Code: BI00021-008 Publication Date: 02 Mar 2010 Publisher: Datamonitor © Datamonitor This content is a licensed product, no part of this publication shall be reproduced, sold, modified or stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of Datamonitor. The information in this document has been extracted from published research by a registered user of the Datamonitor360 platform. Datamonitor shall not be responsible for any loss of original context and for any changes made to information following its extraction. All information was current at the time of extraction although the original content may have been subsequently updated. Please refer back to the website http://360.datamonitor.com/ to view the most recent content and the original source of the information. To the maximum extent permitted by applicable law we exclude all representations, warranties and conditions relating to the facts of all publications. At time of publication no guarantee of accuracy or suitability, whether express or implied, shall attach to this publication (including, without limitation, any warranties implied by law of satisfactory quality, fitness for purpose and/or the use of reasonable care and skill). Please note that the findings, conclusions and recommendations...
Words: 9155 - Pages: 37
...Medical Equipment INC Q1) No, Grover thought that he has a good understanding for the culture because he was raised in Saudi Arabia, but the reality is he grew in an expatriate compound with limited contact with the Saudi people or the Saudi culture. He went to an Indian school and then went to take his college degree in the USA. His internships gave him the opportunity to work in France and the United States. The internships prepared him to work in the field but Saudi business concept is foreign to him. Grover did not understand the Saudi culture and missed some critical points while he was trying to get the deal. He knew that relationships are important in making business in Saudi Arabia which is completely true. The problem was he tried to build relations with the wrong persons the foreign cardiologist, the Egyptian biomedical engineer and the purchasing manager, but he could not reach the purchasing director. In a hierarchy community as Saudi Arabia the purchasing director is the most important one to build a relation with he is the one who can give Grover the deal. Grover spent his time building relation with people who can’t help him with the deal. It was obvious for me that Al Humaidi was avoiding meeting with Grover and when he finally met him after approximately one month it was a formal conversion. I lived in Saudi Arabia for 9 years and from my experience Saudi’s only have a say in Saudi Arabia. Foreigners or non Saudi Arabs working there have no say when it comes...
Words: 1422 - Pages: 6
...Company Profile Stryker Corporation, together with its subsidiaries, operates as a medical technology company. The company operates in three segments: Reconstructive, MedSurg, and Neurotechnology and Spine. The Reconstructive segment offers orthopaedic reconstructive (hip and knee) and trauma implant systems, as well as other related products. The MedSurg segment provides surgical equipment and surgical navigation systems, endoscopic and communications systems, patient handling and emergency medical equipment, reprocessed and remanufactured medical devices, and other medical device products. The Neurotechnology and Spine segment includes neurovascular products, spinal implant systems, and other related products. The company sells its products through local dealers and direct sales force to doctors, hospitals, and other healthcare facilities, as well as through third-party dealers and distributors primarily in the United States, Ireland, Germany, France, Switzerland, the United Kingdom, Japan, Canada, the Pacific region, and Latin America. Stryker Corporation was founded in 1941 and is headquartered in Kalamazoo, Michigan. Stryker Corporation is a leading maker of specialty surgical and medical product based in Kalamazoo, Michigan. although not yet the household name, Stryker is one of the most consistent profitable growth company in America. In 2003, Stryker posted record sales of 3.6 Billion. After John Brown became chairman in 1977, Stryker achieved 20 percent or more annual...
Words: 422 - Pages: 2
...Module 6 – Written Assignment – Analysis of a Specific Medical Advancement – Jeffrey Fischbein – 2/11/14 Rocket-Powered Prosthetic Arm We have all heard the cliché “you don’t appreciate what you have until it’s gone”. For some it can be a materialistic thing as a car or a cellphone. Others are boyfriends or girlfriends that recently broken up. But for some, it can be something much more than that. Something that is more personal to them. To others it can be a limb that was lost from war, an accident, and diseases such as diabetes. We can only imagine on how hard life can be without the use of our hands. Unfortunately it is a brutal reality to others who do live day by day with only one or no arms at all. Prosthetic arms have very limited actions as some don’t bend with just a hook at the end of it. Some of the other more advanced prosthetic arms only bend and move from two places, the elbow and the wrist. With today’s technology increasingly advancing, and with the help of a university professor, the six million dollar man with robotic limbs is not too far from becoming a reality. Professor Michael Goldfarb from University Vanderbilt and his team have developed what looks to be the beginning of new prosthetic arms to be human like and very functional. “The prototype can lift (curl) about 20 to 25 pounds – three to four times more than current commercial arms – and can do so three to four times faster. "That means it has about 10 times as much power as other arms despite...
Words: 727 - Pages: 3
...disease. By working closely with the physicians around the world, they create therapies to help patients do things they never thought possible. Their medical technologies help make it possible for millions of people to resume everyday activities, return to work, and live better, longer. They are able to do this with the help of some very special people around the world: 38,000 dedicated employees who share a passionate purpose to improve lives, thousands of medical professionals who share their insights and ideas, and hundreds of advocacy associations that help us share information so people with debilitating diseases know relief is possible. MEDTRONIC PURPOSE Medtronic is one of the largest medical technology companies that manufactures implantable biomedical devices, with sales in over 120 countries. The Company treats chronic diseases by offering products including bradycardia pacing, heart failure, atreal fibulation, coronary vascular disease, heart valve replacement, etc. They operate Cardiac Rhythm Disease Management, Spinal and Biologicals, CardioVascular, Neuromodulation, Diabetes, and Surgical Technologies. Medtronic, Inc. was founded in 1949 by Earl Bakken and his brother in law Palmer Hermundslie out of their garage in northeast Minneapolis, Minnesota. They turned their garage into a medical equipment repair shop. They originally wanted to sell basketball pumps since there was a shortage of them in the Midwest during this time. Bakken was a grad student...
Words: 3186 - Pages: 13
...Sterile Barrier Systems: Five Pitfalls for Medical Device Manufacturers It is crucial that medical devices maintain sterility until they arrive at the end user location. If sterility is lost, there may be serious consequences for the manufacturer: the return of the non-sterile product or, in the worst case, the negative impact on a patient's health leading to the device's approval being withdrawn. Therefore, medical technology companies make great efforts to ensure the correct packaging, testing and validation so the sterile barrier system remains intact. The burden on the packaging during its transition from the MDM to the patient is enormous and the risks to the integrity of the sterile barrier are numerous: The production method in the factory, the packing process, vibration during transport in trucks or aircraft, and careless packing workers are all potential sources of danger because hairline cracks or damage may be sufficient to affect the integrity of the medical product packaging, which may in turn effect the package's sterility. We spoke with industry experts and asked them to list from their perspective in the development and validation of medical packaging what are the most common errors. Transport Probably the biggest threat to the sterile barrier is during transport. The manufacturer has the responsibility to ensure the product arrives without damage to the customer. MDMs must be able to validate their packaging is capable of providing reasonable protection against...
Words: 988 - Pages: 4
...DYNAMICS………………………………………………..5 V POTENTIAL SOLUTIONS AND SOURCING…………………………………………………………….8 VI RECOMMENDATIONS FOR EXECUTIVE COMMITTEE……………………………………………9 VII ATTATCHMENT………………………………………………………………………………………….………12 VIII REFERENCES………………………………………………………………………………………………………13 I EXECUTIVE SUMMARY This research paper examines the capabilities of remote diagnostic access (RDA), and a proactive monitoring system as a foundation of medical equipment telemaintenance framework. In addition, this research will show how the cost effectiveness of such a system, can provide consistent monitoring of elaborate time sensitive data and systems without constraints. Due to recent growth and expansion into the medical equipment industry, the centralization of resources can expedite repair services, and this paper will give solutions to many reoccurring problems of the past. Lastly, this paper will propose the best solution for the best outcome to address the current problems as a whole. II ABSTRACT As it stands today, the current medical equipment maintenance model is on site and hands on, versus remote and virtual. There is no standardized remote diagnostic access capability for biomedical...
Words: 2437 - Pages: 10
...BECTON DICKINSON: ETHICS AND BUSINESS PRACTICES Becton Dickinson and Company was created in 1897 and since then has been “Priding itself as a medical products pioneer, BD was the first manufacturer of the modern stethoscope, the insulin syringe, and the vacuum tube for blood-drawing products” (p. 2) Dennis Santucci, as the controller for Becton Dickinson has been having a hard time justifying certain expenses made by the company. These types of expenses seemed inappropriate like a physicians’ trip out of state which included a weekend of personal travel or a signing of a supply contract by a company which requested other appliances to be contributed to them as an extra. In 1995, Ethics and Business Practices program was established worldwide and by 1997, the “Business Conduct and Compliance Guide” handbook was distributed. The matter in question is to choose whether the global policy on gifts, gratuities, and business entertainment should be made standardized internationally or whether it should be decided locally, depending on local circumstances and practices. All issues pertaining to business related payment approvals must be handled by country. Having the experience to have worked internationally, I can personally attest to the fact that rules and rituals are different in every country. In Russia for example, it is looked down upon if the company that is trying to close a deal with a client does not bring a gift. In America, this would be considered inappropriate and...
Words: 335 - Pages: 2
...M U M B AI SILICON VALLEY BANGA LORE SINGA P ORE MUMBA I BK C NE W DE L HI MUNICH The Indian Medical Device Industry Regulatory, Legal and Tax Overview March 2015 © Copyright 2015 Nishith Desai Associates www.nishithdesai.com The Indian Medical Device Industry Regulatory, Legal and Tax Overview About NDA Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich. We specialize in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner. We focus on niche areas in which we provide significant value and are invariably involved in select highly complex, innovative transactions. Our key clients include marquee repeat Fortune 500 clientele. Core practice areas include International Tax, International Tax Litigation, Litigation & Dispute Resolution, Fund Formation, Fund Investments, Capital Markets, Employment and HR, Intellectual Property, Corporate & Securities Law, Competition Law, Mergers & Acquisitions, JVs & Restructuring, General Commercial Law and Succession and Estate Planning. Our specialized industry niches include financial services, IT and telecom, education, pharma and life sciences, media and entertainment, real estate and infrastructure. Nishith Desai Associates has been ranked as the Most Innovative Indian Law Firm (2014) and the Second Most Innovative Asia - Pacific Law Firm (2014)...
Words: 19609 - Pages: 79
...1. Is Eye Vision’s arrangement with Holland Hospital within the scope of ASC 985-605, Software: Revenue Recognition? In this case, the main content of the Eye Vision’s arrangement with Holland Hospital include embedded software medical equipment and an initial option to purchase a two-year separately priced maintenance agreement. In this case, because “Eye Vision has never sold, nor does it offer to sell, the Clear View Laser without the embedded software because the software is necessary to perform the medical procedures for which the laser is intended”, and “Eye Vision has never sold, nor does it offer to sell, the Clear View Laser without the embedded software because the software is necessary to perform the medical procedures for which the laser is intended”. So the software components and non software components of tangible product could be consider function together to deliver the tangible product’s essential functionality, so according the FASB codification 985-605-15-4 and 985-605-15-4A, the equipment and the software are excluded from the Software: Revenue Recognition., Accordingly, the initial option to purchase a two-year separately priced maintenance agreement on the Clear View would be non-software deliverables excluded from the scope of Software: Revenue Recognition. References from FASB codification ASC 985-605-15-4 The guidance in this Subtopic does not apply to the following transactions and activities: e. Software components of tangible products...
Words: 1855 - Pages: 8
...1. Is Eye Vision’s arrangement with Holland Hospital within the scope of ASC 985-605, Software: Revenue Recognition? In this case, the main content of the Eye Vision’s arrangement with Holland Hospital include embedded software medical equipment and an initial option to purchase a two-year separately priced maintenance agreement. In this case, because “Eye Vision has never sold, nor does it offer to sell, the Clear View Laser without the embedded software because the software is necessary to perform the medical procedures for which the laser is intended”, and “Eye Vision has never sold, nor does it offer to sell, the Clear View Laser without the embedded software because the software is necessary to perform the medical procedures for which the laser is intended”. So the software components and non software components of tangible product could be consider function together to deliver the tangible product’s essential functionality, so according the FASB codification 985-605-15-4 and 985-605-15-4A, the equipment and the software are excluded from the Software: Revenue Recognition., Accordingly, the initial option to purchase a two-year separately priced maintenance agreement on the Clear View would be non-software deliverables excluded from the scope of Software: Revenue Recognition. References from FASB codification ASC 985-605-15-4 The guidance in this Subtopic does not apply to the following transactions and activities: e. Software components of tangible products...
Words: 1855 - Pages: 8
...offer to sell, the Clear View Laser without the embedded software.” In fact, the case makes it readily apparent that the Clear View Laser will not function without its hardware specific software. ASU 2009-14 (Topic 985) states that, “if the software contained on the tangible product is essential to the tangible product’s functionality, the software is excluded from the scope of the software revenue guidance.” In its accounting guidance, the update states further that, “tangible products containing software components and non-software components that function together to deliver the tangible product’s essential functionality are no longer within the scope of the software revenue guidance in Subtopic 985-605. According to the case documentation, “ the software is necessary to perform the medical procedures for which the laser is intended.” This would imply that Eye Vision’s hardware/software product combination is not within the scope of ASC 985-605. As additional evidence, the amendment offers several illustrations as guidance. One example states that a rebuttable presumption exists if sales of the tangible product (Eye Vision laser) without the software elements are infrequent. Another example states that the non-software elements (Eye Vision Laser) must contribute, in substance, to the overall product’s essential functionality. It seems obvious that both of these examples apply to the Eye Vision product. In other words, the hardware (Laser) will not function without software...
Words: 545 - Pages: 3
...Patton-Fuller Community Hospital Networking Project Tracey Jenkins IT Infrastructure La Shandra Perry November 24, 2011 Patton-Fuller Community Hospital (PFCH) was established in 1975 and is a for-profit hospital dedicated to serving the needs of its community by providing quality medical care. PFCH operates a 600-bed full-service hospital, providing a variety of programs (Apollo Group, 2006, 2010, 2011). PFCH uses several network systems, including wireless technology. Multiple technologies are necessary to be used and combined to create a healthcare network infrastructure. Ideally, each of these technologies should integrate into a cohesive network platform capable of delivering network services that are protected, resilient, responsive, and interactive. It is the interconnection and combination of these technologies that provide value and enable clinical and business capabilities in the healthcare environment. PFCH is interested in examining how their network is performing as compared to similar companies. In-House Data Transmission PFCHs backbone network structure consists of a 1000Base-T and 1000Base-F standards. The 1000Base-T standard supports data transfer rates up to 1000 Mbps, or one gigabyte per second, and is used in the non-clinical areas of the hospital. PFCH is employing a CAT 6 cable infrastructure for these administrative areas. The clinical areas use the 1000Base-F standard, which is also a 1000...
Words: 1602 - Pages: 7
...Lasers in Micro-manufacturing Laser processes have continued to be used for a considerably long time for specific micro-manufacturing processes. This is because there have been several decades of such applications in development through which conventional manufacturing approaches could not satisfy the major demands relating to accuracy and flexibility. On the other hand, the outstanding share of micro applications across the entire laser market has extensively been a minor segment through which laser cutting as well as welding have proven to be dominant within the laser application sector.1 As a result of the increasing trend towards miniaturization, as well as higher integration for diverse consumer products, laser processes are well becoming more important under which laser micro manufacturing continues to show a considerably high market increase.7 These developments are both fostered by the strong market pull and the availability of lasers that are very high quality. This consequently allows a specific deposition of energy across a micrometer scale which remains at high processing speeds. On the other hand, laser technology greatly lowers operational costs, enables easy installation as well as lowering maintenance costs which continue making lasers a more versatile tool for application within industrial micro manufacturing processes. Apart from the existing areas of application for laser micro processing across fine mechanics and defined electronics, there are current...
Words: 2338 - Pages: 10
...Implementation Guide for the Use of Bar Code Technology in Healthcare Sponsored by Implementation Guide for the Use of Bar Code Technology in Healthcare © 2003 HIMSS 230 E. Ohio St., Suite 500 Chicago, IL 60611 All rights reserved. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. HIBCC ® and HIN® System are trademarks of the Health Industry Business Communications Council. ISBN: 0-9725371-2-0 Table of Contents Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .v Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .vii Acknowledgments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .xi Chapter 1: The Basics What is a bar code? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 How can you benefit from bar coding? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...
Words: 29360 - Pages: 118
