Woonsocket, R.I.-based CVS Caremark and Dublin, Ohio-based Cardinal Health have signed a 50/50 joint venture agreement, forming the largest generic drug sourcing operation in the U.S., according to a Reuters report.
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The world's smallest, minimally invasive pacemaker, the Micra Transcatheter Pacing System produced by Minneapolis-based Medtronic, was implanted in a patient in Linz, Austria as part of the global clinical trial for the device, according to a Market Watch report.
The market for medical bionic implants, or artificial organs, is expected to reach $17.8 billion by 2017, according to a MarketsandMarkets report.
Irvine, Calif.-based Reverse Medical Corporation has received 501(k) clearance from the U.S. Food and Drug Administration to market its MVP-5 Micro Vascular Plug system, according to a news release.
The wearable medical device market is expected to reach $5.8 billion by 2019, growing at a compound annual growth rate of 16.4 percent, according to a Transparency Market Research report.
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Here are five statistics about the medical device market compiled from previous posts on Becker's Hospital Review, starting with the most recent.
The Philadelphia Pediatric Device Consortium has received a $1.5 million, five-year grant from the U.S. Food and Drug Administration for addressing the shortage of medical devices designed for children.
The global Medical Automation Market is expected to reach $66.92 billion by 2018, according to a report released by MarketsandMarkets.
Cranberry Township, Penn.-based Aesynt introduced Insyte Medication Logistics, a medication management software system that helps improve medication delivery across facilities through a central stocking location.
The U.S. Food and Drug Administration has approved Foster City, Calif.-based Gilead's Sovaldi (sofosbuvir) to treat chronic Hepatitis C.