The Rise of Global Medical Technology
An overview of the market and trends
Over the past few years, the MedTech (also called Medical Devices and Diagnostics) industry has witnessed significant growth and development. An aging population, rising burden of chronic diseases and increased trust in medical devices by clinicians and consumers have resulted in greater alliances between pharmaceutical companies and the MedTech sector. However, the MedTech industry is also facing increasing challenges, such as an ever-changing regulatory environment, reimbursement cuts, high cost of advanced medical technologies and safety pressures.