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Just in: MSF Endorses UP Medical Device Manufacturer Expansion -- let's go! #medicaldevice #medtech #entrepreneurs The Michigan Strategic Fund (MSF) board on Monday supported a nearly $500,000 grant for the business expansion of a medical device manufacturer in Marquette. Able Medical Devices is expected to construct a 30,000 square foot manufacturing facility that could create 40 new jobs. The project is expected to cost nearly $13 million. The MSF was expected to give a $500,000 Michigan Business Development Program grant at their next meeting on Oct. 22. "With our growing suite of economic development tools, we will continue to compete with other states and nations to bring jobs and projects to every part of Michigan. Let's keep getting it done so we can build and lead an advanced manufacturing economy," said Gov. Gretchen Whitmer. Sen. Ed McBroom (R-Waucedah Twp.) and Rep. Jenn Hill (D-Marquette) praised the Michigan Economic Development Corporation (MEDC) for their support of a company based in the Upper Peninsula. The 40 jobs were expected to have an average wage of $36 per hour, which is higher than the median wage in the region at $20.88 per hour. Matt McCauley, of SVP Regional Development, and Invest UP CEO Marty Fittante said Able Medical Devices' expansion was a result of the hard work of partners across the region and would help lift the economy. "This expansion not only reinforces the reality that the region is well-equipped to serve as a prime location for advanced manufacturing with a strong workforce, a vibrant local economy and a supportive environment, but it also aligns perfectly with our vision for a prosperous and dynamic community," Fittante said. https://hubs.ly/Q02Tldn70

If I had an FDA cleared medical device ready to be marketed to hospital groups in the US for the first time, here is what I would consider doing to bring on my very first customer... - Identify a major hospital group for collaboration on an initial pilot - Meet with the OBGYN department head of that group (e.g. Chair, Chief, Division Director etc) to introduce the device (assume you gain clinical buy-in) - Discuss parameters of an early pilot (what data needs to be collected by providers to support approval at the system level) - Offer a discount to support the pilot (or devices free of charge). Justified if this is the very first user (early adopter) in the country - Work with procurement/ value analysis to agree a free of charge evaluation (trial period, contract, vendor set-up, protocol, on-going pricing etc) - Obtain a zero charge PO to mark the start of the pilot - Provide initial and on-going on-site education to support the clinical teams using your device - Regularly engage with providers to monitor initial uses and obtain feedback (this might come via a clinical champion) - On completion of the pilot, have your clinical champion collate provider feedback for submission to the new product committee (or a committee of this type) - Assuming the above is a success and their experience is consistent with the benefits you initially articulated, you should have your first customer and orders to follow Ultimately, there will be nuance to the above list, but thinking about this process is a good start. Hospital and system internal approval processes will vary considerably. We know that healthcare systems are slow to adopt new technologies. In the obstetrics space especially. Target early adopters and key opinion leaders. Consider your distribution strategy - how will you move from your first customer to national adoption? If you need help with any of the above or would like to talk through, drop me a message. I spent many years building our US business from scratch and I now share that journey, knowledge, and network with others through OBG Access I'm enjoying working with exciting start ups in the medical device space, especially clinician-inventors, like my father who wanted to solve a clinical problem and will leave a lasting impact on his field. Maybe there's one more adventure left... #FDAClearance #MedicalDevices #Innovation #Obstetrics #Maternity #WomensHealth #Sales #Business #USLaunch

Multi million pound funding unlocks international growth for Gloucester medical business 🪙🌍 An award-winning Global medical device company has continued to expand its production facilities and created 300 new jobs globally, thanks to an eight-figure funding package from HSBC UK. The funding package has enabled Gloucester-based Spectrum Medical Ltd to start construction of a new global headquarters consisting of 30,000 sq ft factory and a 22,000-square-foot office space. As a result, the company will be able to expand development and production of its life-saving products. While bolstering its UK presence, Spectrum Medical has also used the HSBC UK funding to expand its capabilities in Europe, and expand internationally to the Middle Far East. This strategic shift responds to a heightened demand Spectrum’s world leading products Mark Drain, Co-Founder of Spectrum Medical, said... Continue reading... https://lnkd.in/dSZ276bz #funding #finance #investing #international #growth #health #medical #businessnews #businessintelligence

Critical Care Devices Market: A Unprecedented Growth Trajectory Download PDF Brochure: https://lnkd.in/dPXUyJV7 The critical care devices market is experiencing a remarkable transformation, with projections that are nothing short of extraordinary. According to recent market analysis: • Market Size: From USD 37.97 billion in 2020 to an estimated USD 27.29 billion by 2021 • Growth Rate: An impressive 44.1% expected growth This surge underscores the critical importance of advanced medical technologies in modern healthcare. The pandemic has accelerated innovation, pushed technological boundaries, and highlighted the vital role of critical care equipment in saving lives. Key drivers include: - Increasing complexity of medical treatments - Rising chronic disease prevalence - Technological advancements in medical devices - Growing investment in healthcare infrastructure 𝐓𝐡𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐟𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞: BD, BKK B. Braun Melsungen AG, Baxter International Inc., Fresenius Kabi, Medtronic, Moog Inc. (US), Smiths Medical, and Philips Other Companies that are Operating in this Market Globally: Edwards Lifesciences CONMED Corporation ZOLL Medical Corporation Merit Medical Systems, Inc.  ACell, Inc. CytoSorbents Corporation Mercury Medical Prytime Medical Devices, Inc. Transonic Systems Inc. Transasia Bio-Medicals Ltd. Trivitron Healthcare Hamilton Medical Respiratory Care Africa (RCA) Magnamed Lepu Medical Technology (Beijing) Co., Ltd. Schiller Healthcare India Accurex Biomedical Intersurgical Beijing Aeonmed Co., Ltd. NeurOptics Johari Digital Healthcare Limited Dale Medical Products, Inc. Tecme Movi Spa Mindray UK #HealthcareTechnology #MedicalInnovation #CriticalCareTech #HealthcareMarket #MedicalDevices

📢 Big News in Healthcare! Today, GBUK Group announced its acquisition of Severn Healthcare Technologies, a leading distributor of single-use medical devices. This move not only strengthens GBUK's clinical specialist positioning but also marks its expansion into new therapeutic areas, namely Ear, Nose, and Throat (ENT) and Neuro-Otology. Founded in 2014, Severn Healthcare is renowned for its innovative single-use medical devices. This strategic acquisition enables GBUK to broaden its product offerings and enhance its presence in the healthcare sector. This transaction also aligns with GBUK's continued growth trajectory, following their recent acquisition of Care & Independence, a prominent UK provider of patient handling and postural support devices. At Life Sciences Recruitment Ltd (LSR), we understand the critical role that talent plays in driving such strategic expansions and growth. That's why our team is dedicated to connecting top talent with forward-thinking companies like GBUK. What are your thoughts on GBUK's latest strategic move? Let's discuss in the comments! Or if you're looking to make impactful hires, get in touch at [email protected]. #HealthcareInnovation #HealthcareAcquisition #LifeSciences

Johnson & Johnson #Strategic #Leap with Shockwave Medical #Acquisition Here is the #QuickSummary 1. #StrategicAcquisition: #JohnsonAndJohnson's #acquisition of #ShockwaveMedical strengthens its position in #cardiovascularintervention, offering #innovativesolutions for patient care in #coronaryarterydisease (#CAD) and #peripheralarterydisease (#PAD). 2. #MarketExpansion: This move extends #JohnsonAndJohnsonMedTech’s presence in #highgrowthcardiovascular segments, enhancing its ability to address unmet patient needs globally. 3. #FinancialImpact: The acquisition is expected to accelerate #salesgrowth and be accretive to #operatingmargin for both #JohnsonAndJohnson and #JohnsonAndJohnsonMedTech, positioning them for continued success in the #cardiovascular space. 4. #ClinicalCompatibility: The integration of Shockwave's #IntravascularLithotripsy (#IVL) technology with #JohnsonAndJohnson's existing portfolio provides opportunities for enhanced patient care through advanced #percutaneouscoronaryintervention (#PCI) procedures. 5. #FutureGrowth: With a #robustpipeline and focus on #innovation, the acquisition sets the stage for future growth in #underpenetratedmarkets, reinforcing #JohnsonAndJohnson's commitment to advancing #healthcare worldwide. Johnson & Johnson Shockwave Medical For more information, please refer to the link provided. https://lnkd.in/gCxYjVFJ -PP Prathyusha Pitta. Ph.D., MBA #PPInsights #StrategicAcquisition #JohnsonAndJohnson #ShockwaveMedical #CardiovascularIntervention #InnovativeSolutions #CAD #PAD #MarketExpansion #MedTech #HighGrowthCardiovascular #LeadershipDevelopment #ProfessionalDevelopment #CareerAdvice #JobSearch #Networking #Entrepreneurship #PersonalBrand #DigitalTransformation #RemoteWork #FutureOfWork #WorkLifeBalance #DiversityAndInclusion #WomenInLeadership #Innovation #SuccessMindset #MotivationMonday #ProductivityTips #SelfImprovement #Mindfulness #TeamBuilding #UnmetNeeds #FinancialImpact #SalesGrowth #OperatingMargin #ClinicalCompatibility #IntravascularLithotripsy #IVL #PercutaneousCoronaryIntervention #FutureGrowth #RobustPipeline #Innovation #UnderpenetratedMarkets #Healthcare #Advancement #PatientCare #GlobalPresence #Acquisition #Success #HealthTech #MedicalInnovation #Technology #HealthcareIndustry #InnovativeTechnology #MedicalDevices #Cardiology #VascularHealth #Treatment #HealthcareSolutions #RevolutionizingHealthcare #ImprovingPatientOutcomes #ResearchAndDevelopment #MarketLeadership #BusinessExpansion #CorporateStrategy #StrategicInvestment #Leadership #MedicalAdvancements #HealthcareLeadership #ClinicalInnovation

My talented colleague Jim Hammerand sat down with the always-impressive Lisa Earnhardt, EVP and Group President of Medical Devices at Abbott for an action-packed discussion with insights into #medtech innovation and advice for device #engineers. It may be one of my favorite articles to-date! Medical Design & Outsourcing #WomeninMedTech #bestindustryintheworld

💊 Florida's Booming MedTech Sector 💊 Florida shines as a key player in the medical technology landscape, ranking fourth in the U.S. for medical device manufacturing. 🌴 Diverse MedTech Hub: Home to nearly 24,000 jobs, Florida boasts major companies like Beckman Coulter and Cordis in Miami-Dade, with a wide array of specialties from radiology to respiratory products across the state. 💡 Innovative Research & Development: The state holds a prominent position with the nation's fourth-largest biotech R&D industry, reflecting its broad capabilities in health technology innovation. 💼 Robust Manufacturing: Known for its extensive manufacturing capabilities, Florida is among the top states for FDA-registered medical device facilities, underscoring its critical role in the MedTech sector. #MedTech #FloridaInnovation #HealthTech #UpendoStaffing #LoveWhatYouDo

💊 Florida's Booming MedTech Sector 💊 Florida shines as a key player in the medical technology landscape, ranking fourth in the U.S. for medical device manufacturing. 🌴 Diverse MedTech Hub: Home to nearly 24,000 jobs, Florida boasts major companies like Beckman Coulter and Cordis in Miami-Dade, with a wide array of specialties from radiology to respiratory products across the state. 💡 Innovative Research & Development: The state holds a prominent position with the nation's fourth-largest biotech R&D industry, reflecting its broad capabilities in health technology innovation. 💼 Robust Manufacturing: Known for its extensive manufacturing capabilities, Florida is among the top states for FDA-registered medical device facilities, underscoring its critical role in the MedTech sector. #MedTech #FloridaInnovation #HealthTech #UpendoStaffing #LoveWhatYouDo

Greater Phoenix Economic Council (GPEC), a Vitalyst Health Foundation partner, requests proposals for the Medical Device Manufacturing Multiplier Strategy Development Consortium Strategy and Implementation Plan Development. Message me if you'd like the entire RFP. GPEC, a recipient of an U.S. EDA Regional Technology and Innovation Hubs (Tech Hubs) Strategy Development Grant, requests proposals from qualified consultants to develop a strategy and implementation plan for the Medical Device Manufacturing Multiplier Consortium (MDM2). The MDM2 consortium, led by the GPEC, in the Phoenix metropolitan statistical area (MSA) will capitalize on existing assets to accelerate equitable regional economic growth in the manufacturing of medical devices that are increasingly smart, digital, and driven by emerging technologies such as artificial intelligence and telemedicine. This has the potential to transform healthcare access and equity while strengthening national and economic security of the country in critical manufacturing industries like medical devices. Consistent with the Executive Order on Advancing Biotechnology and Biomanufacturing (2022), MDM2 will bolster domestic manufacturing production capacity and processes, and train a diverse, skilled workforce to advance medical device manufacturing through US leadership in healthcare technologies. Qualified individuals or firms are invited to submit their proposals to Alexis Rivera ([email protected]) by 5 pm MST, July 12, 2024. Please send proposals in PDF or MS Word format via email. Submitted materials will not be returned unless requested in writing. Applicants should include the following materials in their proposals: (1) detailed cover letter; (2) key personnel resumes and/or company profile; (3) portfolio of past work and references; (4) detailed project plan outlining the proposed approach, methodology, and timelines; and (5) project budget. Any questions about the RFP, please contact Kathleen Lee, Senior Vice President of Regional Initiatives at [email protected]. GPEC reserves the right to reject any or all proposals received. The successful service provider will be required to execute GPEC’s agreement for professional services and consistent with the requirements of federal procurement guidelines.