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Edwards Lifesciences Corporation Focuses on Cardiovascular Medical Devices and Systems
Edwards Lifesciences Corporation focuses on designing, manufacturing, and marketing medical systems and devices for cardiovascular disease treatment. Their product sales are primarily from heart valves and cardiac surgery products (67.9%), followed by hemodynamic monitoring systems (15.5%) and other devices (16.6%). Geographically, 58.4% of sales occur in the United States, with Europe at 22.2%, Japan at 7.6%, and other regions at 11.8%.
Edwards Lifesciences Corporation focuses on developing and marketing medical systems for cardiovascular diseases, with net sales primarily from heart valves and surgical products (67.9%) and hemodynamic monitoring systems (15.5%). Geographically, the company generates 58.4% of its sales in the United States, followed by Europe (22.2%), Japan (7.6%), and other regions (11.8%). UBS maintains a neutral recommendation on the stock.
hi-tech medical devices market poised for growth driven by innovation and sustainability
The global Hi-Tech Medical Devices Market is experiencing significant growth driven by technological advancements, changing consumer preferences, and a focus on sustainability. Key objectives include forecasting market size across regions, analyzing growth factors, and identifying opportunities for stakeholders. Major players in the market include Medtronic, Abbott Laboratories, and Johnson & Johnson, with a comprehensive analysis of competitive dynamics and market trends provided in the research report.
medical device industry sees significant mergers and acquisitions in 2024
In 2024, the medical device manufacturing sector witnessed significant mergers and acquisitions, highlighting ongoing consolidation trends. Notable transactions included Boston Scientific's $3.7 billion acquisition of Axonics and Roche's $295 million deal for LumiraDx's Point of Care technology. Other key players like GE Healthcare and Edwards Lifesciences also expanded their portfolios through strategic acquisitions, enhancing their capabilities in various medical fields.
congress aims to enhance medicare coverage for breakthrough medical technologies
Congress is urged to act this fall to enhance Medicare coverage for breakthrough medical technologies, as current policies are insufficient. While the FDA's expedited review process for innovative devices exists, Medicare's slow coverage can delay access for millions of beneficiaries, particularly those in underserved communities. Legislative efforts, such as H.R. 1691, aim to provide a more comprehensive solution, promoting health equity and encouraging medtech innovation.
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