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MedTech Outlook | Thursday, May 19, 2022
COVID-19 has had a significant impact on healthcare and medtech, but the medical technology industry will continue to adapt and innovate in the face of new threats.
Fremont, CA: The world is now entering the third year of the pandemic, and healthcare workers around the world are still struggling to keep up with the demands of the epidemic. If we don't rapidly reconsider how and where care is delivered, chronic diseases, rising healthcare costs, widening inequities, and climate change will further add to the strain over time. People's perceptions about healthcare are shifting as well. In the future, health systems must provide care that is more accessible, scalable, and equitable while also contributing to the planet's health.
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Increasing investment in medical technology
Innovators in medical technology, such as those working on medical devices, digital health, robots, and artificial intelligence, have been able to keep their investments flowing (AI). There is a large amount of money available for VC, PE, and strategic investors who are looking to profit from and guide the development of next-generation medical technology.
Convergence of medical technology and mobile devices
At this time of crisis, digital health and telemedicine have taken center stage. After the epidemic is over, these new ways to monitor one's health will continue to influence healthcare.
Intellectual property is crucial for innovation in medtech
Patents and trade secrets are critical to ensuring the long-term viability of medical technology breakthroughs. It is becoming increasingly common for strategic enterprises to protect the "look and feel" of their gadgets and user interfaces by leveraging design patents in addition to utility patents.
M&A is the most common exit
Despite the fact that medtech IPOs will continue to occur, the most prevalent exit strategy will be M&A. Large medtech companies and new entrants from the tech and insurance industries will continue to battle for the most cutting-edge technology and raise deal valuations.
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