Med-Tech Innovation March 1, 2024
Kyle Forcier, life sciences expert and former supervisor at Johnson & Johnson, explains what obstacles that medtech needs to overcome, even in a golden era.
Revolutionary technology advancements, a new purchasing dynamic, and alternative payment structures are shaking up the medtech sector. As a result, manufacturers face new complexities — and opportunities.
To remain competitive, medtech companies must embrace innovation in their products and their processes. Legacy practices will no longer suffice. Success depends on leveraging and protecting data, optimising pricing models, and pivoting to meet rapidly changing customer demands.
Factors influencing the medtech industry
Several emerging trends are dramatically influencing medtech:
Technology advancements
We are entering the age of robotics and wearables. Health systems are making bigger investments...
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