Medtech jobs: The world’s largest medical device companies are hiring

Medical device companies are trying to fill thousand of medtech jobs. [Photo by ijeab – stock.adobe.com]

The world’s largest medical device companies are still hiring for medtech jobs despite layoffs in tech and other industries.

Medtech developers — and medtech jobs — are resilient, with the industry’s COVID-19 pandemic performance only bolstering its recession-proof reputation.

That’s not to say there haven’t been job cuts in medtech, led by thousands of layoffs at Philips as it struggles with a massive recall of deadly respiratory devices. But most medical device manufacturers are still hiring, and in some cases they can’t attract enough candidates to fill every vacancy in a tight labor market.

Stryker, for example, grew to approximately 51,000 employees as of the end of 2022, increasing its headcount by nearly 11 percent last year. Boston Scientific reported nearl…

Read more
  • 0

Össur acquires finger prosthetics company Naked Prosthetics

Össur (NSDQ:OSSR) announced today that it acquired Naked Prosthetics and its offerings for finger and partial hand amputees.

Hämeenlinna, Finland-based Össur’s acquisition of Naked Prosthetics, a developer of mechanical devices individually designed to mimic the natural motion of the finger, went into effect on Aug. 26, 2022.

The company said in a news release that its acquisition addresses a critical need for patients with finger and partial hand loss, adding to the Össur product portfolio while strengthening its limb product offerings around the globe. It also allows the company to address a broader group of amputees.

“Naked Prosthetics has developed functional and high-quality finger prostheses that complement our product portfolio and add an important range to our upper limb product offering,” said Össur President and CEO Sveinn Sölvason. “The acquisition strengthens our global market position, and we are pleased to welcome th…

Read more
  • 0

Össur launches next-gen Power Knee

[Image from Össur]Össur (NSDQ:OSSR) announced today that it launched its new Power Knee microprocessor prosthetic knee system.

Stockholm, Sweden-based Össur designed the motor-powered “smart” prosthesis with advanced algorithms for detecting human movement patterns, learning and adjusting to the wearer’s speed and cadence in real-time. The platform creates motion through active powered assistance while distinguishing what type of surface, incline or decline the wearer is on, as well as if they are sitting or standing.

Get the full story at our sister site, Medical Design & Outsourcing.

Read more
  • 0

Össur launches next-gen Power Knee

[Image from Össur]

Össur (NSDQ:OSSR) announced today that it launched its new Power Knee microprocessor prosthetic knee system.

Stockholm, Sweden-based Össur designed the motor-powered “smart” prosthesis with advanced algorithms for detecting human movement patterns, learning and adjusting to the wearer’s speed and cadence in real-time. The platform creates motion through active powered assistance while distinguishing what type of surface, incline or decline the wearer is on, as well as if they are sitting or standing.

The platform allows a wearer to perform a more natural “step-over-step” pattern on ascending stairs as well as more controlled resistance when descending stairs or ramps. Its motor-powered energy creates more symmetrical motion and helps users conserve their own energy, too.

Össur said in a news release that Power Knee represents the world’s first…

Read more
  • 0

Steeper Group acquires College Park Industries’ Espire Elbow

Espire Elbow Pro (Image from Steeper Group)

Steeper Group announced today that it completed the acquisition of College Park Industries’ Espire Elbow prostheses range.

Leeds, England-based Steeper Group completed the transaction after a COVID-19-forced delay. After the FTC approved Össur’s acquisition of College Park Industries, the three parties agreed to the delay, but are now able to complete the transaction.

Espire Elbow is a range of five models designed to reflect the anatomical shape of the elbow, offering intuitive control of the prosthetic elbow joint and giving users an opportunity to complete everyday activities like lifting and carrying.

Steeper Group intends to continue growth in the United Kingdom and U.S. to provide more manufacturing and technical support for the Espire range. The companies are now entering into a six-month transition period in which College Park Indu…

Read more
  • 0