Medical Design Briefs - January 2025 - 8

Inside the OEM: Johnson & Johnson MedTech
healthcare professionals, integrating advanced
technology to improve precision
and patient outcomes.
Worldwide sales of $7.9 billion increased
6.4 percent with growth in the
United States of 7.8 percent and 5 percent
outside of the United States. Overall,
J&J's medtech growth was driven by
commercial execution and strength of
new product introductions, partially
offset by continued headwinds in
Asia-Pacific, specifically in China.
Joseph Wolk, chief financial officer
and executive vice president, noted
that with the addition of Shockwave,
the medtech business delivered operational
growth of 6.4 percent in the
quarter. " We continue to fortify our
future, advancing the OTTAVA robotic
surgery system to IDE, expanding
VELYS use, and launching new
intraocular lenses, " he said. " Due to
dynamics in the Asia- Pacific region,
specifically in China, we are taking a responsibly
conservative approach by assuming
no material improvement in
that part of the business for the remainder
of [2024]. And as such, we expect
medtech adjusted operational sales
growth for the full-year 2024 to be closer
year's enterprise business review of growing
operational sales in the upper end of
the 2022-2027 weighted average market
growth rate of 5-7 percent.
" We also expect continued adoption
of newer products across all medtech
businesses, such as VARIPULSE
in electrophysiology, VELYS-enabling
technology across orthopedics, Odyssey
and PureSee in surgical vision, and
contributions from our Abiomed and
Shockwave integrations, " Wolk said.
What's Special About
Electrophysiology?
Approval of VARIPULSE was supported by the admIRE study,
where 85 percent peak primary effectiveness 12-month success
and minimal-to-no fluoroscopy were achieved. (Credit: Johnson &
Johnson MedTech)
to 5 percent versus the 6 percent we referenced
last quarter. "
For medtech, J&J expects to deliver on
its long-term objective identified at last
" It is a really exciting time to be in
electrophysiology, " Schmid noted.
" And we couldn't be prouder of the
significant leadership position we've
held in this category for more than 20
years. To put our performance in
context, our EP business is a $5 billion
business, which grew 11 percent
in the third quarter [2024] and 17 percent
year to date. "
J&J is actively progressing our launch
of VARIPULSE in EMEA and in Japans.
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8
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Medical Design Briefs, January 2025

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Medical Design Briefs - January 2025

Table of Contents for the Digital Edition of Medical Design Briefs - January 2025

Medical Design Briefs - January 2025 - CV1a
Medical Design Briefs - January 2025 - CV1b
Medical Design Briefs - January 2025 - COV1
Medical Design Briefs - January 2025 - COV2
Medical Design Briefs - January 2025 - 1
Medical Design Briefs - January 2025 - 2
Medical Design Briefs - January 2025 - 3
Medical Design Briefs - January 2025 - 4
Medical Design Briefs - January 2025 - 5
Medical Design Briefs - January 2025 - 6
Medical Design Briefs - January 2025 - 7
Medical Design Briefs - January 2025 - 8
Medical Design Briefs - January 2025 - 9
Medical Design Briefs - January 2025 - 10
Medical Design Briefs - January 2025 - 11
Medical Design Briefs - January 2025 - 12
Medical Design Briefs - January 2025 - 13
Medical Design Briefs - January 2025 - 14
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Medical Design Briefs - January 2025 - 18
Medical Design Briefs - January 2025 - 19
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Medical Design Briefs - January 2025 - COV3
Medical Design Briefs - January 2025 - COV4
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