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J&J MedTech Keeps Up Cardiovascular Momentum With Shockwave E8 Launch In US

 
• By Natasha Barrow

Tim Schmid, executive VP and worldwide chairman of J&J MedTech, expects Shockwave, acquired in April, and Abiomed, purchased in late 2022, to be “long-term gems” for the company. Cardiovascular is among higher-growth segments where J&J has concentrated investments in recent years, along with robotic surgical systems.

• Source: Shutterstock

More than 50% of Johnson & Johnson’s MedTech portfolio is now in categories growing above 5%, compared with around 20% of its offering in 2018, the division’s executive VP and worldwide chairman Tim Schmid told investors earlier this month at the Wells Fargo Healthcare Conference.

“We’ve made north of $30 billion over the last couple years in high-growth spaces, specifically in cardiovascular,” he said.

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