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Medical Technologies
The MedTech ecosystem has been continuously transitioning from conventional technologies to digitalization, for more than a decade. Additionally, rapid health care market changes are challenging industry stakeholders to evolve from being product supplier to become value-driven, strategic business partners for different stakeholders in the healthcare ecosystem. As this innovation-driven industry is set to cross a trillion-dollar mark over next ten years, the companies in this sector are increasingly focusing on leveraging innovative technologies to meet industry demands. Artificial Intelligence and Internet-of-things continue to make inroads in all aspects of device development and design; whereas, 5G and edge computing are likely to set the tone of innovation over the coming years.
Meticulous Research® has been tracking innovations in the MedTech industry for more than a decade and is guiding global MedTech enterprises in their innovation journey. Providing actionable insights on future revenue opportunities, we have been helping global corporations to design sustainable growth strategies.
Drivers
Shift towards value-based care
Integration of innovative technologies in medical devices
Development of patient-centric devices
Digital transformation of the MedTech industry
Growing demand due to rise in the number of inpatient admissions and surgical procedures
Rapidly developing healthcare infrastructure in emerging economies
Rising government healthcare expenditure
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