A recent report by New York-based medical research firm Kalorama Information predicts that global medical device revenue will exceed $300 million in 2011. Products that can reduce the length of hospital stays are seeing faster growth.
A new report by PwC finds that while the U.S. still leads in the medical technology sector, emerging markets are gaining ground. China, India and Brazil are among the nations making advances.
The BIO organization is reporting on the U.S. military's future needs for biofuels. Legislative efforts are under way to help with the transition from petroleum-based fuels.
A poll commissioned by the Council for American Medical Innovation reveals that Americans overwhelmingly link medical innovation to job creation and reduction of healthcare costs. Respondents were divided over whether the U.S. is losing its edge in innovation and research.
Orthopedic device executives say the sector won't improve until the economy rebounds and more people have insurance. Sales of hip and knee replacements have suffered during the economic downturn.
Researchers at the University of Illinois have performed a global analysis of marginal land that could produce biofuel crops. Scientists have found that biofuel crops cultivated on available land could produce up to half of the world's current fuel consumption — without affecting food crops or pastureland.
Ohio-based U.S. Endoscopy has purchased a new facility to accommodate the growing company's needs. The 20-year-old company is one of the world's leading manufacturers of endoscopy devices. For a deeper look at the company, take a look at our 2010 interview with company COO Tony Siracusa.