Report cover image

Thematic Intelligence - Medical Device Predictions 2024

Publisher GlobalData
Published Dec 18, 2023
Length 37 Pages
SKU # GBDT18459059

Description

Thematic Intelligence - Medical Device Predictions 2024


Summary

Our top 10 themes for 2024

In this report, we identify the top 10 themes that will impact the medical devices industry in 2024. For each theme, we offer a series of predictions, identify winners and losers, and point you to further reading.

On the right, we classify these 10 themes into four categories: industry themes, technology themes, ESG themes, and macroeconomic themes. In the following pages, we rank them in order of importance, with artificial intelligence (AI), AI regulation, and precision medicine as the top three themes.

Why themes are important

Our research shows that companies who invest in the right themes become success stories; those who miss the big themes ultimately fail. Given that so many themes are disruptive, it is very easy to be blindsided by industry outsiders invading your sector.

So, to help our clients gain a competitive advantage, we have developed GlobalData’s thematic research ecosystem, a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors.

How to use this report

Our thematic research ecosystem assesses how well companies are positioned for the future based on their competitive position in the main themes disrupting their sector. To do this, GlobalData produces three tiers of thematic reports -
  • Single theme: These reports offer in-depth research into a specific theme (e.g., artificial intelligence).
  • Multi-theme: These reports cover all themes within a sector, giving readers a strong sense of how everything fits together.
  • Sector scorecard: Each sector scorecard identifies those companies most likely to succeed in a disruptive world.
This report is a multi-theme report organized by theme. It covers 10 themes and should be read in conjunction with other relevant theme reports.

Delve deeper into our thematic intelligence platform

Reading this report is the first step towards making better business decisions in 2024. Digging deeper into our thematic content can help you answer the really important strategic questions for 2024 -
  • What are the critical business risks you face in 2024?
  • Which are the most important technologies to focus on in 2024?
  • Who are the leading vendors for these technologies?
  • Where are your competitors investing for tomorrow?
  • How can you better understand your customers’ key challenges?
  • What is the economic health of the markets in which you operate?
For further details on our market-leading thematic methodology, please refer to the thematic methodology section at the back of this report.

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 top 10 themes for 2024.
Reasons to Buy
  • 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 2024 theme predictions by understanding the primary ways in which these themes are impacting the healthcare 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.

Table of Contents

37 Pages
Executive Summary
Artificial Intelligence
AI’s rapid growth will continue, led by generative AI
Technological advances have bolstered medical interest in AI
AI will be a key driver of medical device innovation
Winners and losers
Further reading
AI Regulation
By 2025, China and the EU will have the most advanced AI legislation
Companies will increase AI model transparency, but regulators will not be satisfied
Winners and losers
Further reading
Precision Medicine
Advances in genetic testing
Using AI in precision medicine
Widespread application of precision medicine
Winners and losers
Further reading
ESG 2.0
Companies will need help reporting Scope 3 emissions
Emissions pricing will spread
Medical device companies need to act on environmental sustainability
Winners and losers
Further reading
Inflation
Inflation will fall worldwide as Europe and the UK narrowly avoid a recession
The era of cheap money is over
The impact of inflation on medical devices
Winners and losers
Further reading
Remote Patient Monitoring
Increasing acceptance of remote patient monitoring
Technological advancements will improve RPM devices
Enhanced interoperability will increase RPM device usage
Increasing use of AI in RPM devices
Winners and losers
Further reading
Digitalization
Digital health leads to improved patient care
Increasing use of mobile health apps
Challenges must be addressed for digital therapeutics to reach their potential
Winners and losers
Further reading
Cybersecurity
Generative AI will increase the risk of social engineering attacks
Uses of AI in cybersecurity technology will diversify
Cyber risk is higher due to virtual care and digital health
Winners and losers
Further reading
Robotics
Demand for workplace automation will continue to grow
AI will help reduce the cost of robots
Medical robots will improve patient care
Economic uncertainty could impact robotics in medical
Winners and losers
Further reading
China
Chinese AI companies will not be able to compete with their US rivals
China’s medical devices sector continues to grow
The cardiovascular device segment is the most promising
Winners and losers
Further reading
Glossary
Data Sources
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Glossary
Table 2: GlobalData database
Table 3: GlobalData reports
List of Figures
Figure 1: Artificial Intelligence
Figure 2: Key phases in the development of generative AI:
Figure 3: ESG 2.0
Figure 4: Inflation
Figure 5: Cybersecurity
Figure 6: Robotics
Figure 7: China
Figure 8: Our five-step approach for generating a sector scorecard

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us