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Case Description: Part Of The Medical Equipment Care Industry

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Case Description: Part Of The Medical Equipment Care Industry
4. RADIOMETER

4.1 Case description

The case study is part of the broad healthcare industry that is composed of sectors committed to providing medical services and products. The healthcare industry comprises both the institutions such as hospitals, laboratories, pharmaceutical and medical equipment manufacturers, healthcare insurances companies, as well as the activities in these locations. Healthcare represents one of the largest industries worldwide including doctors, nurses, clinicians, hospitals and private, public, and voluntary organizations. The thesis, as it has been presented earlier, is concentrating on the manufacturing industry, which in the present context, it concentrates upon the medical equipment manufacturing industry. …show more content…
There is an extremely wide variety of medical equipment and instruments, from syringes to highly advanced devices encompassing nanotechnology and bioinformatics. It represents one of the most vital and innovative industries, the medical equipment being one of the key components of the healthcare system, alongside pharmaceuticals (Pammolli et. al., 2005). Demand within this sector is influenced by technology and medical expertise progress and by demographics of population. Large organizations benefit from economies of scale in manufacturing and research and development, while the smaller ones are gaining competitive advantages through high-tech innovations, being specialized on a particular niche or market (Hoovers Medical Equipment and Suppliers Manufacturing Report Summary, …show more content…
The main reason of selling the company, was that the owner of Radiometer, at that time, believed that new capital and a new organizational innovation and strategy were needed in order to ensure the future of the company in a demanding international market. Radiometer is today a subsidiary company within the Danaher Corporation. Danaher represents a science and technology leader that focuses on designing, manufacturing and marketing of innovative products and services to professional, medical, industrial and commercial customers. (Wells and Danskin,
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