This is a demo store. No orders will be fulfilled.
USD
GBP
CNY
EUR
INR
JPY
MYR
ZAR
KRW
THB
Global Medical Technologies Industry Predictions, 2019
Global Medical Technologies Industry Predictions, 2019
2019 Growth Opportunities in Medtech Across Patient Centricity, Technology Adoption, Data Democratization and Invasion by Non-traditional Participants
RELEASE DATE
29-Apr-2019
29-Apr-2019
REGION
North America
North America
Deliverable Type
Market Research
Market Research
Research Code: K2D7-01-00-00-00
SKU: HC03168-NA-MR_23092
$4,950.00
In stock
SKU
HC03168-NA-MR_23092
Description
The study is a comprehensive analysis of the key forces shaping the global medtech industry in 2018 and the resultant themes that would govern the market dynamics in 2019 and beyond. The key medtech industry challenges of lack of innovation in conventional segments, increasing focus on efficiencies, changing device ecosystem to digital enablers, emergence of GAFAM and other non-traditional participants, and growing domestic competition in certain growth markets, has led to certain industry moves broadly classified into increasing personalization, data and tech leverage, enhanced post-acute care coordination and an increasing focus on value-based care models. The intersection of various trends and challenges has led to the emergence of four key themes, as explained below:
• Patient Centricity: With shifting focus to proactive patient care, 25% of the top companies and 45% of start-ups are exploring patient-care gaps across the care continuum;
• Tech Convergence: Medtech has leveraged on emerging technologies, such as Artificial Intelligence (AI) and Augmented Reality (AR)/Virtual Reality (VR) with 15% to 25% increase in tech-related strategic spending in 2018;
• Data Monetization: Emergence of the “Quantified Self” has led to data-driven commercialization, and risk-sharing models will dominate medtech strategies in 2019; and
• Non-traditional (NT) Entrants: Entry of tech, automotive, and logistics participants in medtech and the broader healthcare space has led OEMs to evaluate their impact and opportunities.
Globally, 2019 will be a year of value-based care, as ‘outcome-based care’ focus will globalize. This will trigger the maturation of risk sharing in solution contracting between providers and drug/device OEMs, driving business value for providers. Access to affordable and quality care will be key political agendas for the upcoming 2019 elections in emerging markets, such as Asia, Africa, and Central and Eastern European countries. Research and Development (R&D) investments in future devices will be more targeted to meet the unique needs of emerging markets. Non-traditional participants, such as Amazon, Ali Health, Microsoft, and IBM, with digital technologies will provide the required impetus to public health systems to ensure accessibility and affordability of care.
Frost & Sullivan estimates that the 4 themes would result in a huge set of new and unprecedented growth opportunities for existing medtech participants. The study highlights a set of 20 such growth opportunities cutting across these themes, with a combined incremental value of $64.10 billion, over and above the $413.90 billion traditional market size, in 2019. The estimates further peg the longer-term growth opportunity to be $173.06 billion by 2024, with a healthy CAGR of 22.0% compared to the traditional market, which is estimated to slow down from the current 5.8% to around 5.2% by 2024.
Table of Contents
Key 2019 Medtech Market Predictions
Research Scope
Market Definition—Medical Technologies (Medtech) Industry
Traditional Medtech Market Revenue—2018 and 2019
Top Themes Offering New Growth Opportunities for the Global Medtech Industry in 2019 and Beyond
Incremental Impact of The Top Themes on Medtech—What if They Take Off?
2019 Global Perspective—Developed Markets
2019 Global Perspective—Emerging Markets
Key 2019 Medtech Market Predictions
Key 2019 Medtech Market Predictions (continued)
Top Growth Opportunities for Medtech in 2019—High Impact
Top Growth Opportunities for Medtech in 2019—High Impact (continued)
Top Growth Opportunities for Medtech in 2019—Medium Impact
Top Growth Opportunities for Medtech in 2019—Medium Impact (continued)
Top Growth Opportunities for Medtech in 2019—Limited Impact
Top Growth Opportunities for Medtech in 2019—Limited Impact (continued)
2018 Medtech Strategic Snapshot
Key Market Snapshot—Global Cardiovascular Devices, 2018
Key Market Snapshot—Global Orthopedic Devices, 2018
Key Market Snapshot—Global Wound Care, 2018
Key Market Snapshot—Global Endoscopy Devices, 2018
2018 Medtech Strategic Snapshot—By Major Ologies
2018 Medtech Strategic Snapshot—By Major Ologies (continued)
Top 5 Product Approvals That Will Shape Industry Strategy in 2019
Top 5 Product Approvals That Will Shape Industry Strategy in 2019 (continued)
Medtech Challenges 2019 and Beyond
Resulting Medtech Themes for 2019
Key Themes Impacting the Global Medtech Industry
Incremental Impact of The Top Themes on Medtech—What if They Take Off?
Impact of The Themes on Medtech—Focus on 2019
Impact of The Themes on Medtech—Assumptions
Impact of The Themes on Medtech—Discussion
Patient Centricity Overview—Decoding the New Possibilities
Key Components of Patient Centricity and the Medtech Market Opportunity
Growth Opportunity 1—Emerging Patient Safety Issues
Growth Opportunity 2—Smartphone-based Clinical Decision Support
Growth Opportunity 3—Healthcare Gamification
Growth Opportunity 4—Home Health and Disease Management
Growth Opportunity 5—Pediatric and Senior Care
Patient Centricity—Strategic Imperatives and Critical Success Factors for Future Growth
Tech Convergence Overview—Decoding the New Possibilities
2018 Frost & Sullivan Technology Survey Results
Impact of Emerging Technologies on Medtech
Impact of Emerging Technologies on Medtech (continued)
Growth Opportunity 1—Software as a Medical Device
Growth Opportunity 2—Virtual Assistants and AI-based Chatbots
Growth Opportunity 3—AI-based Imaging and Non-imaging Diagnostics
Growth Opportunity 4—AI in Robotic Surgery
Growth Opportunity 5—AR/VR-enabled Surgical Navigation
Tech Convergence—Strategic Imperatives and Critical Success Factors for Future Growth
Healthcare Data Monetization in Medtech—Top Growth Areas
Data Monetization Overview—Decoding the New Possibilities
Top Data Monetization Business Models in Medtech and Related Monetization Strategies
Regional Focus on Data Monetization Opportunities
Growth Opportunity 1—Proactive Equipment Maintenance
Growth Opportunity 2—Value-based Commercialization Models
Growth Opportunity 3—Data-driven Performance Improvement
Growth Opportunity 4—Chronic Disease Management
Growth Opportunity 5—Data Platforms for Streamlined Care Pathways
Data Monetization—Strategic Imperatives and Critical Success Factors for Future Growth
Non-traditional Participants in Medtech—Overview: Decoding the New Possibilities
Ecosystem of Non-traditional Participants in Healthcare
Key Areas of the Medical Device Ecosystem Currently Impacted by Non-traditional Participants
Non-traditional Participants—A $3.85 Billion Opportunity for Medtech by 2020
Growth Opportunity 1—Anywhere Access to Care
Growth Opportunity 2—Clinical Wearable Driven Medical Research
Growth Opportunity 3—Disease Adjacencies Management
Growth Opportunity 4—Hospital Efficiency Improvements
Growth Opportunity 5—GAFAM, Smart Homes and Medtech
Nontraditional Participants in Medtech—Strategic Imperatives and Critical Success Factors for Future Growth
Regional Analysis—US Medical Device Industry
Regional Analysis—Latin American Medical Device Industry
Regional Analysis—European (excluding UK) Medical Device Industry
Regional Analysis—UK Medical Device Industry
Regional Analysis—The Middle East Medical Device Industry
Regional Analysis—Indian Medical Device Industry
Regional Analysis—Chinese Medical Device Industry
Regional Analysis—Japanese Medical Device Industry
Regional Analysis—Australian Medical Device Industry
Regional Analysis—South Korean Medical Device Industry
Regional Analysis—ASEAN Medical Device Industry
Regional Analysis—African Medical Device Industry
Top Medical Device M&A Deals in 2018
Top Medical Device M&A Deals in 2018 (continued)
Select Medical Device Startups to Watch in 2019
Select Medical Device Startups to Watch in 2019 (continued)
Select Medical Device Startups to Watch in 2019 (continued)
Top Medtech Companies to Watch for in 2019
Identifying Your Company’s Growth Zone
Growth Opportunities—High Impact
Growth Opportunities—Medium Impact
Growth Opportunities—Limited Impact
Growth Opportunities Matrix
Growth Strategies for Your Company
Prioritized Opportunities through Implementation
AI in Healthcare—Separating Reality from Hype
Ranking of Growth Opportunities as High, Medium, and Low Impact (Methodology and Key Considerations)
Regional Focus on Data Monetization Opportunities—Heat Map
Top-20 Companies in the Medical Device Industry in 2017 and 2018—Methodology and Key Considerations
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Popular Topics
heavy commercial vehicles market
residential energy storage market
The study is a comprehensive analysis of the key forces shaping the global medtech industry in 2018 and the resultant themes that would govern the market dynamics in 2019 and beyond. The key medtech industry challenges of lack of innovation in conventional segments, increasing focus on efficiencies, changing device ecosystem to digital enablers, emergence of GAFAM and other non-traditional participants, and growing domestic competition in certain growth markets, has led to certain industry moves broadly classified into increasing personalization, data and tech leverage, enhanced post-acute care coordination and an increasing focus on value-based care models. The intersection of various trends and challenges has led to the emergence of four key themes, as explained below:
• Patient Centricity: With shifting focus to proactive patient care, 25% of the top companies and 45% of start-ups are exploring patient-care gaps across the care continuum;
• Tech Convergence: Medtech has leveraged on emerging technologies, such as Artificial Intelligence (AI) and Augmented Reality (AR)/Virtual Reality (VR) with 15% to 25% increase in tech-related strategic spending in 2018;
• Data Monetization: Emergence of the “Quantified Self” has led to data-driven commercialization, and risk-sharing models will dominate medtech strategies in 2019; and
• Non-traditional (NT) Entrants: Entry of tech, automotive, and logistics participants in medtech and the broader healthcare space has led OEMs to evaluate their impact and opportunities.
Globally, 2019 will be a year of value-based care, as ‘outcome-based care’ focus will globalize. This will trigger the maturation of risk sharing in solution contracting between providers and drug/device OEMs, driving business value for providers. Access to affordable and quality care will be key political agendas for the upcoming 2019 elections in emerging markets, such as Asia, Africa, and Central and Eastern European countries. Research and Development (
| Deliverable Types | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Anuj Agarwal |
| Industries | Healthcare |
| WIP Number | K2D7-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9600-B1,9825-B1,9A51-B1,9A52-B1,9A54-B1,9A06-B1,9A47-B1,9A48-B1,9A49-B1,9A4B-B1 |