Medtronic Begins to Develop a Portable Kidney Dialysis Device in India

Medtronic is one of the most successful medical device manufacturers in the world. When it cuts a deal to develop a portable kidney dialysis device in India with one of the most successful hospital chains there, you pay attention (see: Has This Medical Leader Hit Health Care's Biggest Jackpot?). Here are the details from a recent article: Medtronic...is the world's largest pure medical-device maker, but this stable stock has also impressed investors with amazing growth in 2013. Shares of the company are up more than 34% in 2013. Medtronic's a powerful player in the cardiology market and more, but this company's not just thinking in American sales -- it's thinking globally. How big are we talking? Medtronic this week agreed to an investment with India's Apollo Hospitals Enterprise to develop a portable kidney dialysis device. It's the company's first venture into kidney dialysis, a market traditionally dominated by powers such as Fresenius Medical ...and others. But the real key for Medtronic and its investors is India, an emerging market rivaled by few other developing economies that could provide a new booming market in health care for decades to come. Here's the take from Bloomberg News about this Medtronic/Apollo venture (see: Medtronic Enters Dialysis With Apollo Venture in India): Medtronic is developing a new approach to hemodialysis, which filters toxins from the blood of people with kidneys too damaged to do the jo...
Source: Lab Soft News - Category: Pathologists Authors: Tags: Healthcare Business Healthcare Delivery Medical Research Source Type: blogs