Global Medical Device Market on Track to Surpass $700 Billion by 2030
Despite current volatility, the industry is anticipated to experience steady, pre-pandemic growth.
Despite current volatility, the industry is anticipated to experience steady, pre-pandemic growth.
The pandemic caused a significant increase in telehealth and health tech adoption among all consumers and care professionals, especially those for older consumers and caretakers.
Part of the research will look at the strength of the supply chain, including its effectiveness in distributing ventilators.
Healthcare systems around the world are under increasing pressure to treat a rapidly growing, aging population. This was worsened by the COVID-19 pandemic, which left medical professionals needing to treat more people with less time and limited resources. This article explores why medtech is uniquely placed to ease the pressures on healthcare systems by offering faster and more cost-effective care while improving patient outcomes.
The pandemic put unprecedented pressure on drug and medical device production, underlining the growing challenge of monitoring, analyzing, reporting and acting on quality. It became clearer than ever before that the more fragmented processes become, the more critical it is that they can be assessed and managed for consistent quality. At the same time, innovative tools and best practices have emerged.
For private equity and venture capital investors alike, there are five key trends presenting both headwinds and tailwinds that may impact investment flows into 2022.
The industry association says the shortage has become a serious, industry-wide problem for companies involved in manufacturing medical technologies.
The market dynamics for telehealth and virtual care continue to evolve, and virtual care ecosystem players must understand how consumers have experienced these changes to better position themselves and design their solutions.
Digital transformation is especially important to medical device manufacturers because they must have good quality data, and especially tracking metrics, to track complaints and device performance to comply with regulatory requirements. And these requirements are just getting stricter.
The mHealth industry is rapidly disrupting traditional healthcare delivery by leveraging the power of mobile communication technologies and wearable devices.