Key Trends in Medical Devices

Key Trends in Medical Devices

Right out of science fiction and onto operating tables, medical robots are all set to revolutionize our approach to conventional surgical practices. With remotely operated or even automated blade handling robots, a new age of efficiency is expected to embrace the operating room.

Fremont, CA: The medical industry is supposed to experience monumental transformations in the light of the communion of new-age hi-tech disruption with conventional medical practices. This digital revolution has forced medical device racing companies to take advantage of the new health technologies to remain competitive. Competition can be more difficult to interpret very often, considering the rapid speed of technology. To give industry players a confident head start, we took the pulse of the industry to round up emerging trends that would allow a true understanding of the advancement of the medical device industry.

Internet of Medical Things (IoMT)

As more customers accept the concept of smart homes, IoT-based devices are becoming a new normal. In a similar vein, the Internet of Medical Stuff (IoMT) appears to be the next logical and feasible step in fully incorporating technology at the grassroots medical level. IoMT will connect a variety of medical applications and devices to centralized healthcare IT systems to promote, refine and deepen the analysis of data. This will eventually help to improve patient outcomes, costs and treatment quality. At its current stage of implementation, the IoMT market is projected to rise to USD 159.1 billion by 2022 at an astounding annual growth rate of 30 percent.

In addition to providing their routine services, medical device firms are keen to provide unique value ideas by offering amassed data to patients, payers and health care providers.

With 31 percent of medical device companies providing data delivery services and 39 percent adding the same data as value-added, their position is no longer that of a manufacturer and supplier of medical devices but also a value-based partner for investors and consumers alike.

Medical Robots

Right out of science fiction and onto operating tables, medical robots are all set to revolutionize our approach to conventional surgical practices. With remotely operated or even automated blade handling robots, a new age of efficiency is expected to embrace the operating room.

The goal is to eliminate the shortage of surgeons in hard-to-reach areas with cheaper and more efficient ways to deal with medical emergencies using medical robots. Apply to this the new world of IoMT networking and data and medical robots. This will enable doctors and experts to provide seamless telepresence in rural areas during the diagnosis and treatment of patients.

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