Medical device startups are diving into innovative, infinite possibilities of technology to devise and design revolutionary products. To address the doctors’ and surgeons’ long-standing needs, including shorter recovery periods and improved treatment outcomes for patients, medical device startups worldwide are developing and delivering advanced tools and solutions.
A report published by Expert Market Research reveals that the global medical devices market is expected to grow from $462 billion to $661 billion by 2026 at a CAGR of 6.1 percent.
At the core of this growth is a gamut of disruptive tech trends, fundamentally changing the medical device arena for the better.
Medical device startups are leveraging AI and Machine Learning due to their incredible potential in increasing patients’ access to healthcare. When integrated with medical device software, AI also helps analyze huge volumes of information from wearables, IoT, and point-of-care devices.
Additive manufacturing is playing a vital role in the accelerated development of new medical device prototypes. Wireless and smart medical devices are gaining momentum as they help patients and healthcare providers stay connected through video calls and other mediums leveraged by Telehealth.
This edition of Healthcare Tech Outlook delivers a bird’s eye view of the recent developments in the medical device startups space and insights into how startups are aligning with these trends to transform legacy practices.
We have curated thought leadership articles from industry experts, including Avina Sugiarto, Venture Partner of East Ventures and Seemant Jauhari, Partner, HealthXCapital. We also took a deep dive into the market trends to narrow down the list of startups delivering robust medical device tech solutions. Equipped with innovative technological capabilities, the enlisted startups, such as Sirius Medical and Amsel Medical, help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Healthcare Tech Outlook on medical device startups helps you build the partnership you and your organization need to foster an environment driven by efficient technology.