The medical device sector is witnessing a torrent of technological advances, global regulatory disruption and emerging market opportunities. These technological advancements are encouraging medical device startups to build a better healthcare world. Many companies are embracing data-driven technologies for production intelligence, product innovations, and prepare for regulatory change.
With the emergence of innovative technologies, the medical field is witnessing a tremendous rise in diversified and efficient manufacturing, taking the healthcare industry to the next level. Today’s medical device manufacturers are incorporating technologies like Artificial Intelligence and Machine learning into developing medical devices. Such high-tech devices can quickly diagnose conditions, identify the disease, and create efficiencies in everything from clinical trials to clinical practices. The field of robotics is also profoundly changing the healthcare landscape, helping doctors treat patients, and automate research laboratories. Medical device Start-ups are even crafting nanotechnology or microbots as they are proving to be very beneficial in targeting specific areas like a tumour.
Besides, extended reality modes like VR, AR, and mixed reality have also been transforming the medica device industry. High-class healthcare facilities are attracting manufacturers to use such extended reality modes as it allows healthcare facilities to gather data in the 3D format and thus, enhance patient’s care and treatment. By establishing cloud in the manufacturing processes is helping manufacturers to minimize the overall costs and, at the same time, enhance the efficiency in delivering care to the patients.
At this juncture, a wide variety of medical device start-ups are entering the industry with advanced and integrated smart medical device technologies. To help companies navigate through the best-of-breed solution providers, MD Tech Review has compiled a list of ‘Top 10 Medical Device Start-ups 2020.’ The enlisted organizations are transforming medical processes and services at the convergence of several disruptive technologies. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you MD Tech Reviews’, “Top 10 Medical Device Start-ups - 2020.”