New Thematic Research Report: MedTech

by Sameer Joshi or 01-May-2018

The global healthcare industry –especially the US healthcare industry – has been slow to modernize due to the fact that the industry is complex, risk averse, and highly regulated. The global IoT devices market in the healthcare sector is expected to grow at a Compound Annual Growth Rate (CAGR) of 47.3% from 2016 to 2020, to over $500M. Big Healthcare is being gradually undermined by swelling networks of connected biosensors, ubiquitous mobile devices, and cloudbased healthcare apps.

The six enabling technologies that are set to transform the healthcare industry over the next two years are:

  • Genomics
  • Mobile Health
  • Health IT Systems
  • Robotics
  • Virtual/Augmented Reality
  • 3D Printing

Unless major investment is made, in the long term the losers will be Big Pharma and Big Medical Equipment players. However, in the short term, the threat level for these companies is low.