Four of the democratic nominee front runners were featured in the first part of this series, and none made medtech a part of their defined platform.
The beauty of medical technology is that it can help save lives from one corner of the globe to another. And of course, a worldwide market offers up new opportunities for revenue.
The United States is the largest healthcare market in the world. Boasting the third largest population (~330 million people) and a well-developed healthcare system, the US remains the key market to target for the commercialization of healthcare solutions.
Healthcare in China is in a constant state of reform as the system evolves to meet the unique burdens of the country which rapidly became the world’s second largest economy. With a population of approximately 1.4 billion people, demand for healthcare services is at an all-time high in China, with many hospitals understaffed and overwhelmed by demand.
Substantial increases in surgical procedure volumes are being projected across most medical segments as a result of a number of factors, including but not limited to:
With a growing focus on the global need for healthcare that is affordable and accessible to anyone, anywhere in the world, comes a look at technologies that are designed to lessen the gap between quality care and individuals outside of developed cities and countries.
Surgical advances have led to the development of life-enhancing and life-saving procedures for a range of medical complications. But these advancements are only as good as the level of skill and knowledge of the surgeon.
In the medtech market, there is often talk about the challenges of providing care in developing or under-developed nations. These areas tend to benefit from technologies that make it easier for providers to see patients and to implement care in areas that may not have the resources for daily management.
Developing medtech products for medical offices and hospitals is probably the largest sector of the market. But this technology is used all over the world, in areas that aren’t fitted with or suitable for large-scale healthcare operations.
In the previous parts of this series, we looked at how digital health care data has become such an essential concern for practitioners, researchers, and manufacturers of medical devices. With the ability to use the information of real patients to solve real problems, technology is developed faster and reaches patients when they need it.