06 August 2019

Minicare: Big Mistake Opens Door For Siemens

By Adam Bakali

Last week I posted about Siemens Healthineers’ acquisition of Minicare and it received an incredible reaction.

It’s not surprising really. This deal has it all: a market leader, an exciting product and plenty of controversy.

So, what does it all mean?

First off, I should point out that the Minicare I-20 could be a market leading product with its handheld point-of-care (PoC) system able to exclude or confirm the presence of suspected heart attacks. It’s a product that has so much potential, when in the right hands.

Although Siemens Healthineers’ already has quite a strong PoC system, ’epoc’, this will be a welcome addition and make the company a real force in the PoC space.

Siemens Healthineers’ backing of this technology does not spell good news for competitors like Abbott (iStat) and Quidel (Triage), who now must invest and innovate to remain competitive in the market.

Philips Healthcare won’t be enthused by the news either. Having invested a decade’s worth of research on Minicare’s technology, originally under the name of Magnotech, before parting ways last year because of ‘inadequate business opportunities.’ This lack of faith could prove to be a huge mistake.

Over the last year, Minicare claims to have improved its device even more, reaching a new level of sensitivity and accuracy. If this is true, the device will be able to produce similar levels of performance to heavy-weight hospital equipment with the advantage of being handheld and mobile.

With a new home, the Minicare I-20 will cement its place as the market leader. As always, this extra competition will encourage innovation among competitors. This means that we can look forward to the emergence of exciting new products and improved healthcare in the future.

Share
Back to the top
By Adam Bakali

Adam Bakali is a Business Consultant specialising in the point-of-care diagnostics space. Having worked for CM Life Science for the last 3.5 years, Adam is hugely interested in starting, as well as contributing to, conversations about the point-of-care space.

Recommended.

Why the NGS Race is Science's Greatest Story.
21 November 2019 By George Coe

Why the NGS Race is Science's Greatest Story.

NGS has been on a fascinating journey, featuring numerous pioneering players all racing to get their technology to market. A little over 20 years ago, the race began…

To PhD or Not to PhD?
08 October 2019 By George Coe

To PhD or Not to PhD?

I’ve lost count of the times I’ve seen ‘PhD preferred’, while recruiting for positions in R&D and product development. In the modern life science talent market, are PhDs really so important?

To PhD or Not to PhD?
08 October 2019 By George Coe

To PhD or Not to PhD?

I’ve lost count of the times I’ve seen ‘PhD preferred’, while recruiting for positions in R&D and product development. In the modern life science talent market, are PhDs really so important?

Why is Companion Diagnostics Making Worldwide Personalised Healthcare a Reality?
27 September 2019 By Ben Paice

Why is Companion Diagnostics Making Worldwide Personalised Healthcare a Reality?

There are countless benefits to companion diagnostics including better evidence of clinical utility & greater patient access, more efficient use of resources, better safety and economic advantages for drug companies.

Get the latest into your inbox.