Major companies in the market focused on various business strategies such as merger and acquisition, in order to enhance their market presence. For instance, in December 2017, Becton, Dickson and Company, a medical technology company, acquired C.R. Bard, Inc. for US$ 16 million. The acquisition will provide improved treatment for serious medical conditions such as cancer.
Major companies in the market focused on various business strategies such as product launches, in order to expand their product portfolio and cater consumer base. For instance, Hologic Inc. a U.S.-based medical technology company launched Brevera breast biopsy system with CorLumina technology. This novel system will enhance entire biopsy process.
Major companies in the market focused on various business strategies such as gaining regulatory approvals, in order to expand their product portfolio and enhance market presence. For instance, in August 2017, OncoCyte Corporation, a developer of cancer detection tests, announced that its clinical laboratory has passed inspection and review from California Department of Public Health Laboratory Field Services for CLIA certification and State Clinical Laboratory Licensing.