A think tank for advancements in medical technologies to decrease the burden of acute and chronic diseases worldwide.
VRAI MEDICAL TECHNOLOGY SOLUTIONS
Over the past few years, the MedTech 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. Despite these challenges, medical device companies will benefit from several important market drivers:
Growth in emerging markets
Higher prices for advanced, innovative devices
Rising revenues and debt reduction at U.S. hospitals
Mergers and acquisitions that enhance efficiencies
The need for non-pharmaceutical methods to avoid drug side effects
Given these factors, growth prospects for medical devices remain strong.