Medical Technology Trends To Watch For In 2019

Posted by Michael Auer on Oct 2, 2018 10:18:42 AM

Medical Technology Trends To Watch For In 2019The field of medical technology is advancing rapidly as companies and founders look to discover new ways to treat patients.  Making medical procedures and continued care accessible, accurate and entertaining has been the focus of many new innovative companies.  We’re about to see some major changes in medtech, here’s what to look for in 2019.

Virtual Reality

Virtual reality has found its way into many industries and medical technology is next.  With companies like Verapy Therapy revolutionizing niche markets like physical therapy, VR is likely coming to a medical facility near you.  The ability to make services available at home to those that have difficulty traveling will be a boon for the medtech industry.  Additionally, providing a way for children and the elderly to have fun while being treated will make VR a key piece in every aspect of medical technology.

Digital Security

There has been an increased focus on cybersecurity in nearly every business, but it is of particular importance in the medical technology field. Not only is there a need to protect designs and innovations, many medical technology companies deal with a large volume of patient data as well. Ensuring the protection of proprietary information will be a major focus of medtech companies in 2019.

Steady Innovation

Technology moves very quickly, which requires constant innovation. Many products have a short shelf life and are overtaken by more advanced products faster than in any other industry. This puts the onus on long-term innovation focused on filling a niche need in the medical industry. Rather than making something that is useful now, many medtech companies will be focused on solving major health issues over the long-term.

Mergers And Acquisitions

One trend that is sure to continue is the merging of large health related companies in the insurance, pharmaceutical, retail and medical technology fields. CVS acquiring Aetna is just the beginning. Medtech companies looking to partner with health care providers and acquiring retail space to exclusively sell their products appears to be the next step.

Wearable Tech

Wearable technology is everywhere these days and many of the most popular products track and monitor activity levels and vital signs. The refinement and advancement of these types of technology will be at the forefront of the medtech industry for many years to come. Accuracy, comfort and versatility will be what separates competing brands in the wearable tech space.

Big Data

With the amount of data being collected through wearable devices, medical surveys and experimentation, big data is sure to become a major part of digital medical technology. Finding efficient ways of compiling and analyzing large amounts of data will help to spur new products and innovation. The use of big data will help to identify trends, risks and the wants of target consumers.

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Topics: Medtech