MedTech Dive March 12, 2024
The rating agency predicts AI will start to have a positive impact on medical device companies in the next two years.
Dive Brief:
- Artificial intelligence will help medical device companies expand their portfolios and revenue streams while gaining efficiencies and curbing costs, Moody’s Ratings predicts in a new report.
- The report, which Moody’s published Monday, anticipates AI will start to have a positive impact on medical device companies in the next two years. Large companies are best placed to harness AI, the report states, but all companies will need to invest.
- Moody’s sees data management and cybersecurity risk as key credit challenges, noting that companies may need to collect and protect large amounts of sensitive data to succeed in...
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