The healthcare field is always changing and always growing, even during economic decline, maintaining the demand for high-quality supplies. Medical devices play a crucial role in diagnosing, preventing, treating, and monitoring conditions.
Milestones in Medical Device History
Major developments in the last 50 years have led to groundbreaking advancements such as the measles vaccine and inventions enabling organ transplantation.
Pioneers in Medical Technology
Sushruta’s contributions in ancient India and Dr. Jesse Umali’s role in the Philippines marked significant advancements in the medical field.
The medical device industry encompasses various fields like medicine, machinery, electronics, and plastics. Companies like Medtronic are investing heavily in research and development to enhance treatment for chronic conditions.
The oldest medical device company, Becton, Dickinson and Company, was established in 1897 in the United States. Medtronic, founded in 1949, has gained recognition for its life-saving devices.
The significance of the medical device industry is evident through its continuous growth and technological advancements, making it vital for major economies. Analysts are closely monitoring Medtronic’s performance following a revenue dip in 2023.
This pamphlet presents a comprehensive overview of the governance, regulation, and industry trends related to medical devices in different countries.