Medical Device Predictions 2023 - Thematic Intelligence
Summary
In this report, we identify the top 10 themes that will impact the medical devices industry in 2023. For each theme, we offer a series of predictions, identify winners and losers, and point you to further reading.
Our top 10 themes for 2023
We classify our top 10 themes for 2023 into three groupings. The major technology themes impacting the medical devices industry will be artificial intelligence (AI), cybersecurity, robotics, wearable tech, and cloud computing.
The major macroeconomic themes impacting the medical devices industry in 2023 will be environmental, social, and governance (ESG), China, and regulations in medical devices.
The major industry themes impacting the medical devices industry in 2023 are remote patient monitoring and precision medicine.
Scope
- This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats. Inside, we predict how each theme will evolve and identify the leading and disrupting companies.
- The report covers the medical device predictions for 2023.
- GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
- Develop and design your corporate strategies through an in-house expert analysis of medical device predictions 2023 by understanding the primary ways in which these themes are impacting the medical devices industry.
- Stay up to date on the industry’s major players and where they sit in the value chain.
- Identify emerging industry trends to gain a competitive advantage.
- Executive Summary
- ESG
- Governments will crack down on greenwashing in 2023
- Businesses will become accountable for their Scope 3 emissions
- Medical device companies will be pressured to act on environmental sustainability
- Winners and losers
- Further reading
- Artificial Intelligence
- The AI industry will be worth $93 billion in 2023, up 12% from 2022
- The urgent need for AI transparency will lead to a growing emphasis on XAI
- New and updated AI regulations will emerge but remain toothless
- AI will become a key driver of medical device innovation
- AI will continue to help in the fight against COVID-19
- Winners and losers
- Further reading
- China
- China will double down in its pursuit of 70% self-sufficiency in chips by 2025
- Talent cultivation and domestic innovation will be crucial for technological progress
- China’s medical device sector will continue to grow
- China will see more domestic medical device companies
- The easing of zero-COVID will be too little too late
- Winners and losers
- Further reading
- Cybersecurity
- Cyber professionals are reaching breaking point
- Organizations will prioritize zero-trust capabilities in 2023
- AI will be the hallmark of a major attack in 2023
- Focus on cybersecurity for remote patient monitoring and legacy devices
- Winners and losers
- Further reading
- Robotics
- Macroeconomic factors will drive healthcare’s use of robotics
- Robotics will help resolve the challenge of staff and skill shortages
- Medical robots will tackle the growing demand from aging populations
- Winners and losers
- Further reading
- Remote Patient Monitoring
- Increasing acceptance of remote patient monitoring will increase market value
- More specialty mobile health apps
- Digital therapeutics will be the next form of remote treatment
- Winners and losers
- Further reading
- Wearable Tech
- Wearable tech will grow to $54.4 billion to meet the need for remote patient care
- Moving to consumer-led healthcare
- Use of wearables in clinical research
- Smart clothing will gain popularity
- A need for disease-specific devices
- Winners and losers
- Further reading
- Precision Medicine
- Increase in genetic testing
- Precision medicine and autoimmune disorders
- Personalized medicine enabled by AI will shape the future of healthcare
- Winners and losers
- Further reading
- Cloud Computing
- The global cloud computing market will be worth $734 billion by the end of 2023
- Cloud servers will become more sustainable
- Increased adoption of serverless clouds will increase demand for cloud orchestration
- Increased adoption of cloud computing in medical devices
- Winners and losers
- Further reading
- Regulations in Medical Devices
- Medical device regulations hindering digital health innovation
- New regulations needed to keep up with the digitalization of healthcare
- Improved post-market surveillance
- Winners and losers
- Further reading
- Glossary
- Further Reading
- GlobalData reports
- Our thematic research methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Glossary
- Table 2: GlobalData reports
- List of Figures
- Figure 1:ESG
- Figure 2: Cybersecurity
- Figure 3: Robotics
- Figure 4: Remote Patient Monitoring
- Figure 5: Our five-step approach for generating a sector scorecard
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