Segments of the Thriving Medical Device Industry
Driven by innovation and new technologies, the medical device industry is one of the leading and fastest growing industries in healthcare. Over the last decade there has been extraordinary growth, which has led to the development of state-of-the-art medical devices and has catapulted growth and advancement in the healthcare industry. If you’re interested in new product development, it’s important to know how the medical device industry is segmented and what we specialize in.
Orthopedic instruments are used in the treatment and diagnosis of bone injuries. The orthopedic instruments segment is the largest segment in the medical device industry.
A patient mobility aid is a device used to assist in walking or otherwise improve the mobility of people who are physically impaired. This can include canes, crutches, walkers, wheelchairs, and scooters.
Diagnostic apparatuses are devices that are used to analyze and diagnose a medical condition of disease. These can be medical imaging machines like an MRI or Ultrasound machine.
Interventional Cardiology (stents and catheters)
Stents and catheters are small tubes that are put inside a duct or vessel. They are often used to broaden arteries in the heart and are most often used to treat heart diseases.
Syringes and Hypodermic Needles
Syringes and hypodermic needles are comprised of disposable syringes, insulin pumps, and other specialty needles.
Blood Transfusion and Intravenous Equipment
Intravenous treatment is the infusion of liquid substance directly into a vein. Intravenous instruments are commonly used to correct electrolyte imbalances, deliver specific medications, for blood transfusion, or as fluid replacement.
While we at Keystone Solutions Group bring extensive design, engineering, and management expertise to a project, it’s up to you to bring a market understanding and commitment to sales beyond the development stage that can ultimately make the project both and engineering and marketplace success.