PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In February 2023, Sterling Medical Devices announced its recapitalization and merger with RBC Medical Innovations, combining their expertise in medical device design, development, and manufacturing. The merger, led by Ampersand Capital Partners, aims to better serve market demands. Med Tech veteran, David Montecalvo was appointed CEO, bringing over 35 years of experience, while Sterling Founder Dan Sterling and RBC Founder Carl Mayer will remain in leadership roles.
• In September 2022, Trukera Medical recently announced a rebranding to align with its expanded vision in corneal health. The company introduced the ScoutPro Osmolarity System, the first portable osmometer in the U.S., designed to support eye care practices by improving corneal health decisions. Adam Szaronos, CEO of Trukera Medical, highlighted the technology's significance for cataract and refractive practices, which increasingly adopt osmolarity testing due to its role in managing hyperosmolarity and ensuring stable refractive outcomes.
• In October 2022, Biocorp, a France-based company known for its innovative medical device solutions, announced a partnership with Novo Nordisk to commercialize Mallya, a smart sensor that attaches to Novo Nordisk's FlexTouch insulin pens for blood glucose monitoring, starting in Japan
• In October 2022, a Bengaluru-based startup, GenWorks, initially invested in by Wipro GE, launched BrasterPro, a new portable, radiation-free device for breast cancer screening that utilizes a contact-based process