Andrew Garner’s Post

𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗱𝗲𝘃𝗶𝗰𝗲𝘀 𝟮𝟬𝟯𝟬. While the outlook for medical device companies appears positive, unsustainable healthcare 𝗰𝗼𝘀𝘁𝘀 and new 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗳𝗼𝗿𝗰𝗲𝘀 threaten to alter the future industry landscape. If today's manufacturers fail to stake their claim in the evolving value chain, they risk being caught in the middle and becoming commoditized. To succeed in 2030: 🔺 Reinvent business models by incorporating intelligence and providing value-added services. 🔺 Adapt to new entrants, technologies, and markets. 🔺 Engage directly with patients, vertically integrate, or become comprehensive care providers. Global sales are projected to reach nearly $800 billion by 2030, but pricing pressures and changing purchasing dynamics pose challenges. Medical device companies need to shift from being solely manufacturers to offering comprehensive solutions. This shift requires strategic moves, such as M&A and partnerships, to establish closer connections with customers and reduce healthcare costs. 👉 Full report by KPMG: https://shorturl.at/aOXZ7 #medtech #marketinsights

Last week I had the privilege of helping Halle Tecco, MPH, MBA with her HMS course with a guest lecture on MedTech Innovation. We looked at examples of popular MedTech innovation through a 2x2 matrix of stakeholder alignment and patient impact. 🧑⚕️ Patient Impact - what are the short and long term benefits for the MedTech innovation for patients? The most important aspect of innovation. ✅ Stakeholder Alignment - how well does this MedTech innovation align with the goals and incentives of key stakeholders in the adoption process - administrators, clinicians, industry (competitors and partners), and payors? An example we used for high patient impact and high stakeholder alignment - drug eluting stents. Strong clinical evidence, works with existing procedure, reimbursement in place, no significant changes to clinician practice or hospital operations. An example for high patient impact and low stakeholder alignment - deep brain stimulation. Amazing patient benefits. High cost, required a new procedure with extensive supplementary equipment and no existing reimbursement framework when it was introduced (kudos to the pioneers of DBS for persisting through the challenges to launch an impactful innovation). I had a good one for low patient impact and high stakeholder alignment - I'll leave that for another post :) What are your examples for technologies with high patient impact and high stakeholder impact? How about low / low? 👇 Drop your thoughts below and give Brandywine MedTech Consultancy a follow for a case study on a technology with high patient impact that we are preparing for high stakeholder alignment at launch. #medtech #innovation #patientimpact

𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗱𝗲𝘃𝗶𝗰𝗲𝘀 𝟮𝟬𝟯𝟬. While the outlook for medical device companies appears positive, unsustainable healthcare 𝗰𝗼𝘀𝘁𝘀 and new 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗳𝗼𝗿𝗰𝗲𝘀 threaten to alter the future industry landscape. If today's manufacturers fail to stake their claim in the evolving value chain, they risk being caught in the middle and becoming commoditized. To succeed in 2030: 🔺 Reinvent business models by incorporating intelligence and providing value-added services. 🔺 Adapt to new entrants, technologies, and markets. 🔺 Engage directly with patients, vertically integrate, or become comprehensive care providers. Global sales are projected to reach nearly $800 billion by 2030, but pricing pressures and changing purchasing dynamics pose challenges. Medical device companies need to shift from being solely manufacturers to offering comprehensive solutions. This shift requires strategic moves, such as M&A and partnerships, to establish closer connections with customers and reduce healthcare costs. 👉 Full report by KPMG: https://shorturl.at/aOXZ7 #medtech #marketinsights

Clarivate identifies five medical device markets forecasted to reach over $1 billion or forecasted to experience double-digit growth rates over the next five years. Beyond their market potential, these technologies are set to transform the medtech space and enable healthcare providers to deliver high-quality, efficient and patient-centered care in today’s rapidly evolving healthcare landscape. Watch Sean Messenger, Director, Product Operations for Clarivate for Life Sciences & Healthcare, outline the upcoming trends and complexities discussed in our upcoming MedTech to Watch report. https://lnkd.in/gFY2f7Cm

Unveiling Innovation: Delve into the Dynamic U.S. Neonatal Incubators Market Standard Incubators Leading the Way The explosive growth presents unparalleled opportunities for top companies to innovate and take the lead in this transformative field. Curious to know more about the market? Click: https://lnkd.in/gEkjeUAY Key Players: GE HealthCare | Inspiration Healthcare | Dräger | ATOM Medical USA #ariztonresearchreveals #neonatalincubators #usmarket #marketresearch #marketupdates

𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗱𝗲𝘃𝗶𝗰𝗲𝘀 𝟮𝟬𝟯𝟬. While the outlook for medical device companies appears positive, unsustainable healthcare 𝗰𝗼𝘀𝘁𝘀 and new 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗳𝗼𝗿𝗰𝗲𝘀 threaten to alter the future industry landscape. If today's manufacturers fail to stake their claim in the evolving value chain, they risk being caught in the middle and becoming commoditized. To succeed in 2030: 🔺 Reinvent business models by incorporating intelligence and providing value-added services. 🔺 Adapt to new entrants, technologies, and markets. 🔺 Engage directly with patients, vertically integrate, or become comprehensive care providers. Global sales are projected to reach nearly $800 billion by 2030, but pricing pressures and changing purchasing dynamics pose challenges. Medical device companies need to shift from being solely manufacturers to offering comprehensive solutions. This shift requires strategic moves, such as M&A and partnerships, to establish closer connections with customers and reduce healthcare costs. Brand should remain one important asset and investment to keep rise value to customer all along the way. Access to the full report by KPMG #medtech #marketinsights

Unlocking the Future of Healthcare with QuikSync Technologies At QuikSync Technologies, we are committed to delivering in-depth market research reports that help businesses navigate the rapidly evolving healthcare landscape. Our comprehensive insights focus on key areas driving the industry forward. 🔍 Key Topics in Healthcare Market Research: Digital Health & Telehealth Exploring the latest advancements in digital health tools and telehealth services that are revolutionizing patient care and healthcare delivery. Other Healthcare Growth Areas Investigating the growth of emerging sectors within healthcare, from personalized medicine to next-gen diagnostic technologies. Innovation & Drug Development A deep dive into the latest drug innovations and cutting-edge solutions aimed at improving patient outcomes and treatments. Diagnostics & Medical Equipment Analyzing advancements in diagnostic tools and medical devices that are enhancing patient care and outcomes, including AI-powered diagnostics and minimally invasive devices. 📊 Why Choose QuikSync Healthcare Market Research Reports? Comprehensive Coverage: Detailed insights into digital health, drug development, diagnostics, and more. Actionable Data: Helping you make data-driven decisions to stay ahead in the competitive healthcare industry. Expert Analysis: In-depth reports from industry experts to guide your business strategies. 🔗 Reach out today to discuss how our reports can support your healthcare business growth and innovation! #HealthcareInnovation #Telehealth #DigitalHealth #DrugDevelopment #Diagnostics #HealthcareGrowth #MarketResearch #MedicalEquipment #HealthcareTech #QuikSyncTechnologies #AIinHealthcare #HealthcareTrends

𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗱𝗲𝘃𝗶𝗰𝗲𝘀 𝟮𝟬𝟯𝟬. While the outlook for medical device companies appears positive, unsustainable healthcare 𝗰𝗼𝘀𝘁𝘀 and new 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗳𝗼𝗿𝗰𝗲𝘀 threaten to alter the future industry landscape. If today's manufacturers fail to stake their claim in the evolving value chain, they risk being caught in the middle and becoming commoditized. To succeed in 2030: 🔺 Reinvent business models by incorporating intelligence and providing value-added services. 🔺 Adapt to new entrants, technologies, and markets. 🔺 Engage directly with patients, vertically integrate, or become comprehensive care providers. Global sales are projected to reach nearly $800 billion by 2030, but pricing pressures and changing purchasing dynamics pose challenges. Medical device companies need to shift from being solely manufacturers to offering comprehensive solutions. This shift requires strategic moves, such as M&A and partnerships, to establish closer connections with customers and reduce healthcare costs. 👉 Full report by KPMG: https://shorturl.at/aOXZ7 #medtech #marketinsights

https://lnkd.in/gX6_MEp7 Unlocking the Future of Healthcare: Global Medical Device Technologies Market We're excited to share the latest insights from our comprehensive research report on the Global Medical Device Technologies Market by Maximize Market Research Pvt. Ltd. 🚀 🌐 Explore the Full Report: [Sample Research Report Link] https://lnkd.in/g4NgvWE9 The market size was valued at an impressive USD 559.15 Bn in 2023, and it is set to soar to USD 818.80 Bn by 2030, growing at a CAGR of 5.6% from 2024 to 2030. This robust growth underscores the dynamic advancements and innovations in medical device technologies that are revolutionizing the healthcare industry. 🔍 Key Highlights: Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 559.15 Bn Market Size in 2030: USD 818.80 Bn CAGR (2024-2030): 5.6% The report delves deep into the trends, opportunities, and challenges shaping this market, providing valuable insights for stakeholders and industry leaders to make informed decisions. Medical Device Technologies Market, Key Players 1. Boston Consulting Group (BCG) 2. Abbott 3. Thermo Fisher Scientific 4. Johnson Lifts Private Limited 5. Siemens #HealthcareInnovation #MedicalDevices #MarketResearch #HealthcareTechnology #MedicalDeviceMarket #MaximizeMarketResearch #HealthcareFuture #TechInHealthcare #MedicalTech