The medical device industry is undergoing major changes with a growing focus on digital health technologies like wearables, mobile apps, and telehealth that require expertise in software engineering, user experience design, cybersecurity, and data analytics.
There is also a shift toward value-based care models that require demonstrating the clinical and economic value of products to stakeholders through outcomes research and real-world evidence generation.
Consulting firms are assisting device companies with expanding into emerging markets, navigating industry consolidation through M&A activity, incorporating patient perspectives earlier in the product development process, and addressing cybersecurity risks from connected devices and healthcare IoT.
Overall, consultants help medical device companies transform their products and business models to keep pace with the rapid evolution of healthcare technology and delivery.
Driven by these trends, the medical devices market is projected to reach $134.56 bn by 2030, growing at a CAGR of 11.35 percent globally.
This edition of MedTech Outlook APAC brings insights into the latest developments in medical devices and how companies align with the latest trends to effectively navigate the medical devices landscape with the help of seasoned consultants.
It features a thought leadership article from Stacey Lyons, Director of Quality at Biomerics, who sheds light on how organizing a quality team into branches like systems, engineering, and quality control allows medical device companies to effectively establish quality management systems that ensure product safety, efficacy and compliance with FDA and ISO regulations. It also features an article from Srikant Lal, Managing Director - Group Buying and Supply Chain at IDS Medical Systems, Singapore, who advocates that medical device manufacturers partnering with distributors as a long-term strategy.
In this edition of MedTech Outlook APAC, we also bring you the story of the top medical device companies. One of them is Japan Medical Device Corporation, which develops and provides innovative virtual heart simulation technology to improve cardiac care through personalized modeling, predictions, and planning. The UT-Heart system is their flagship product for advancing cardiac research and patient care.
In this edition featuring the top medical device companies in Japan 2023, we hope you find the right partner to meet your organization’s needs.
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