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Top 115 Global Medical Device Companies! 5 from China!

2019-07-09

The renowned international third-party medical device website Qmed has released a list of the top 115 companies in the global medical device industry, ranked by sales revenue as of December 31, 2018. Data is sourced from FactSet and Bloomberg LP databases and is for reference only. It is worth noting that FactSet and Bloomberg LP's system data are used by major global financial institutions and investment banks, thus ensuring high data authority. All financial market data in this list is as of December 31, 2018, with revenue and market capitalization reported in millions of US dollars.

The strictest new regulations are coming: Customized medical devices may not be entrusted to be produced

2019-07-08

These Regulations clearly outline the requirements for manufacturers and medical institutions involved in the production and use of customized medical devices, explicitly prohibiting the outsourcing of their production. To standardize the development of the customized medical device industry, the National Medical Products Administration (NMPA) issued the "Regulations on the Supervision and Administration of Customized Medical Devices (Trial Implementation)" (hereinafter referred to as the "Regulations") on July 4, which will officially come into effect on January 1, 2020. These Regulations clearly outline the requirements for manufacturers and medical institutions involved in the production and use of customized medical devices, explicitly prohibiting the outsourcing of their production. The Regulations are divided into General Provisions, Record Management, Design and

The implementation of unique device identification for medical devices will cause a major reshuffle in the industry, benefiting leading companies.

2019-07-08

Recently, the pilot program for China's unique identification system for medical devices has officially launched, marking a significant step towards a more scientific, legalized, internationalized, and modernized medical device regulatory system in China. The Unique Device Identifier (UDI) is like an 'ID card' for medical devices, acting as a universal 'international language'. Establishing a unique identification system and strengthening source coding will help to achieve comprehensive traceability and understanding of medical devices throughout the entire supply chain, strengthening the management of medical devices throughout their lifecycle. As an internationally accepted practice, many countries and regions around the world are actively promoting the development of unique identification systems for medical devices. In the secondary market...

Enabling Medical Devices to Speak 'International Language': China Launches Pilot Program for Unique Device Identification System

2019-07-05

Xinhua News Agency, Beijing, July 3 (Reporter Li Yanan) The China National Medical Products Administration (NMPA) announced on July 3 that the pilot program for the China Medical Device Unique Identification System has officially been launched. This marks a significant step towards a more scientific, legal, internationalized, and modernized medical device regulatory system in China. The Unique Device Identifier (UDI) system acts as a digital ‘identity card’ for medical devices, and facilitates a common ‘international language’ for them. Establishing a unique identification system and strengthening source coding will help achieve full-chain traceability and enhance the management of medical devices throughout their lifecycle. [Picture: Medical device exhibition]. China

Notice of the National Medical Products Administration Comprehensive Department and the Office of the National Health Commission on Issuing the Pilot Program for the Medical Device Unique Identification System

2019-07-04

Notice on Issuance of the Pilot Program Plan for the Unique Identification System of Medical Devices, No. [2019] No. 56, issued by the Comprehensive Department of the National Medical Products Administration and the Office of the National Health Commission To all relevant units: In order to strengthen the full life cycle management of medical devices, improve the effectiveness of medical device supervision and health management, and further ensure the safety of public medical device use, the National Medical Products Administration, in conjunction with the National Health Commission, is carrying out a pilot program for the unique identification system of medical devices. The "Pilot Program Plan for the Unique Identification System of Medical Devices" is hereby issued for your earnest implementation. Comprehensive Department of the National Medical Products Administration Office of the National Health Commission July 1, 2019

The next ten years may see a major trend towards intelligent medical devices.

2019-07-04

Even seemingly cold medical devices can possess great wisdom. In sync with the era of artificial intelligence (AI), the intelligent development of medical devices will be a major trend in the next 5 to 10 years. The production output value of Shanghai's medical device industry will double and exceed 100 billion, with over 100 listed companies. On the 14th, at the 81st China International Medical Equipment Fair (CMEF), held at the Shanghai National Exhibition and Convention Center and boasting a 40-year history, industry insiders made professional judgments based on authoritative data. At the end of last month, the National Medical Products Administration issued the "China Pharmaceutical Regulatory Science Action Plan", which clearly states that 3 to 5 pharmaceutical regulatory science institutions will be established within the next 3 to 5 years.
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