Top Medical Device and Imaging Technologies in 2015 (Technical Insights)
Frost & Sullivan’s top medical technologies for 2015 features ten game-changing and disruptive innovations. These innovations have been scouted from diverse market segments - medical devices, imaging, diagnostics and healthcare enabling technologies – to showcase cutting-edge innovations across the industry.
A common thread that connects these ten medical device innovations is that they leverage technologies from industries such as electronics, sensors, material sciences and information and communications. Medical devices present ample opportunities for convergence of diverse technologies.
It has been observed that medical device innovations take a considerable amount time for commercialization, and once commercialized, have a longer market life. These, apart from sustained market demand, explain the continued occurrence of some innovations as top medical device technologies over the last few years.
Innovations in this space are sustained by the need to provide better devices and diagnostic support to an
ageing population and increasing incidence of chronic diseases. Additionally, there is an increasing demand
for cheaper, better and flexible healthcare solutions, keeping in line with global megatrends.
The major challenges that medical device innovations face are: high regulatory requirements, prolonged development phase, and competitive intellectual property landscape, all of which increase the time-to-market and put a stress on the return on investment.
Despite these challenges, there has been support to cutting-edge medical technologies from investors, particularly by venture capital and private investors. Conventional investment avenues such as government grants are popular in Europe and Asia, where there are plenty of industry-academia research consortia
About this report
This research service identifies ten technologies that are expected to have a big impact on the medical device and imaging industry in 2015. This list includes technologies that are just seeing the light of commercialization, as well as those technologies that are already in the market, but are expected to make an impact through wide-spread adoption.
Each of the technology profiles covers the following: Brief technology snapshot, breadth of applications, key innovations and innovators, projected market growth over the short and medium terms, recent funding and business deals, important market factors aiding and hindering growth.
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