Supply Chain

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.

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.

Here are four U.S. Food and Drug Administration approvals that have been issued in the past three weeks, starting with the most recent.

Braintree, Mass.-based Northeast Purchasing Coalition has entered an agreement with aptitude, the healthcare industry's first online device marketplace based in Irving, Texas, which will allow hospitals in the NPC to manage contracts through the online market.

The U.S. Food and Drug Administration has issued a safety communication saying certain HeartStart automated external defibrillator devices made by Philips Medical Systems, a division of Philips Healthcare whose U.S. headquarters are in Andover, Mass., may not deliver the defibrillator…

President Barack Obama signed the Drug Quality and Security Act into law last Wednesday, encouraging healthcare providers to purchase compounded drugs from federally regulated facilities.