Innovations Open New Avenues for the Medical Devices Sector

This year promises to be an extraordinary for Medical devices. Somehow, the sector would find itself entangled in long-standing regulatory burden and financial stress. At the same time, the sector would benefit from the advent of major creative, discovery-focused players. Deep learning, information technology, nanotechnology, cloud computing and personalized medicines are fast integrating now. However, key corporate equipment manufacturers continue to cling on to their internal research and development - occasionally separating from a startup or two along the path to launch innovative solution.

Courtesy: bigdata-madesimple.com

Healthcare IT Strengthens Its Position

In 2016 more and more smartphone apps and wearable devices would be seen enabling medical practitioners and caregivers offer better services. It’s definitely unacceptable to miss out on the ubiquitous Fitbit and different patient monitoring devices in this fast growing health -conscious world. These devices are helping patients and caregivers keep a track of their fitness activities, BP, nutrient intake and sleep patterns. In addition, harnessing health information has enabled both researchers and medical practitioners to enhance collaboration, identify diseases and more efficiently allocate vital resources to access right treatment to connect with right patients.

In Vitro Diagnostics Observes Greater Demands

IVD market players would see merging with or getting acquired by many heavyweights. IVD testing has become highly complicated today and many companies would be feeling the need to acquire different technology elements they lack to compete. In 2015 there were series of collaborations and distribution agreements in the sector. Roche hit the news, when it was selected as a global distributor for enzymes and kits required for cellular analysis, conventional PCR and proteomics uses with Sigma-Aldrich.

Patient Monitoring Gets a Major Facelift

Patient monitoring industry is seeing tremendous growth as many consumers take the responsibility of their health. Records from internet of things equipment, such as hospital room sensors, employee wearable systems and patient monitoring devices are gaining importance. However, the more personal requirement of the sector is technology becoming wearable. Studies reveal that millions and millions of medical sensors would be shipped by 2020. Besides this, the Electronic Health Records (EHRs) have started gaining more importance.

Hospital IT Experiences Changes Worth Watching

Connected devices are transforming the way connected medical systems operate. Start-up enterprises are investing generously millions and millions of dollars to further their research and development into developing insulin pumps, pacemakers etc., which can easily tap the signal and transmit information to the computers in the network. Connected devices may be at their infancy right now, simply storing their own data on a patient. However, the next move would be processing different information from different platforms.

These technology developments before us indicates that it’s time for some bold moves. In certain cases, existing policies will have to evolve to help new innovators. Eyeing the major developments in the sector, Big Market Research has added reports on Anesthesia, Biotechnology Equipment, Clinical Furniture and Positioning, Disposable and Biomaterials among others. These reports weigh up on the major drivers, restraints and opportunities of these sectors. Critical business imperatives including the manufacturing capability, cost, import and export status and product value are also discussed during these studies.