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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

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

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

Analysing innovative Medtech companies 🔬 The medical devices sector is one of rapid evolution and constant innovation, reflecting the urgent healthcare needs it aims to address. Private companies in this space, like Innovative Medical Devices, are often at the forefront, offering state-of-the-art solutions. Yet, a common challenge remains—many of these companies operate privately and do not disclose detailed financial information. Having access to reliable performance data is crucial for understanding these companies. GlobalData's proprietary data set, which includes invoice data from over 2,600 healthcare institutions in the US, provides invaluable insights. This data helps estimate revenue and growth, thus empowering stakeholders with a more comprehensive view of a company's market standing. It's fascinating to see how estimates for Innovative Medical Devices sales in the US from 2017 to 2023 paint a picture of constant growth and innovation. For anyone interested in the latest trends and performance metrics within the Medtech sector, investing in comprehensive business intelligence is a smart move. Data-driven insights from resources like GlobalData's revenue report can significantly enhance strategic decisions. #Medtech #HealthcareInnovation #BusinessIntelligence

Analysing innovative Medtech companies 🔬 The medical devices sector is one of rapid evolution and constant innovation, reflecting the urgent healthcare needs it aims to address. Private companies in this space, like Innovative Medical Devices, are often at the forefront, offering state-of-the-art solutions. Yet, a common challenge remains—many of these companies operate privately and do not disclose detailed financial information. Having access to reliable performance data is crucial for understanding these companies. GlobalData's proprietary data set, which includes invoice data from over 2,600 healthcare institutions in the US, provides invaluable insights. This data helps estimate revenue and growth, thus empowering stakeholders with a more comprehensive view of a company's market standing. It's fascinating to see how estimates for Innovative Medical Devices sales in the US from 2017 to 2023 paint a picture of constant growth and innovation. For anyone interested in the latest trends and performance metrics within the Medtech sector, investing in comprehensive business intelligence is a smart move. Data-driven insights from resources like GlobalData's revenue report can significantly enhance strategic decisions. #Medtech #HealthcareInnovation #BusinessIntelligence

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

The medical device industry is gearing up for a remarkable phase of growth. According to an insightful analysis by KPMG(source), this sector is not just growing; it's accelerating with incredible momentum. This growth is fueled by technological advancements, increasing healthcare demands, and innovative medical solutions. https://lnkd.in/gZBn8dDb #MedicalDevices #HealthcareGrowth #MarketTrends #FutureOfMedTech

How MedTech Service Providers Can Use Q1 2024 Data to Meet Growth Targets 🚀🔬 The MedTech sector is booming with $11.04B in investments in Q1 2024 alone! 📈 But how can service providers leverage this data to hit their growth targets? 1️⃣ Understand Funding Trends: Dive into the $11.04B funding distribution to identify which segments are receiving the most investment. 2️⃣ M&A Activity: With a 36% increase in M&A, it's clear that the market is consolidating. Use this data to identify potential partners or acquisition targets. 3️⃣ Clinical Pipeline Insights: Funding from 2023 impacts Q1 2024 clinical activities. Focus on companies with strong clinical pipelines for collaboration. 4️⃣ Geographical Focus: North America leads with over $9B in funding. Tailor your strategies to this region for maximum impact. 5️⃣ Segment-Specific Strategies: Medical devices received 71.8% of the funding. Align your services to meet the needs of this dominant segment. Stay ahead of the curve by leveraging data for actionable insights, if you're in MedTech industry! ⚡ #MedTech #GrowthStrategy

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

The #MedTech industry constantly pushes boundaries to improve patient outcomes, developing innovative medical devices to implementing cutting-edge technologies. As a result, it offers numerous opportunities for candidates passionate about making a difference in the healthcare industry. The following sectors are revolutionising healthcare recruitment > https://lnkd.in/eHmDWWUp #medtechtrends #medicaltechnology