Medical Device Industry Trends to Be Aware Of
The medical device industry has changed drastically in the last 50-75 years. It’s changed drastically in the past couple of decades.
With technology moving at the speed of light and beyond, it’s no wonder that in 2022, medical device industry trends are expected to make even more significant strides.
If you’re interested in learning what the future looks like in the healthcare industry and how they’ll be using medical devices over the next year and more, keep reading.
Global Supply Chain Issues
The world has experienced supply chain issues since the beginning of the COVID pandemic, and experts say there isn’t an end in sight.
Microchip manufacturers, primarily based in Southeast Asia, are dealing with all kinds of problems.
And the small amount that’s in the US and other parts of the world are having their own set of problems. And even if they weren’t, they only make up about 15% of chip manufacturing in the world.
Almost every medical device uses a microchip these days, and because of the chip shortage, which makes for the supply chain problem, there will be less new technology in 2022 than there should be.
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Evolution of Point of Care Devices
We’ve covered the one negative medical device industry trend. Now, let’s get to several positive ones.
The pandemic forced the diagnostic industry into new territories, and it forced it to move quickly.
But it’s that type of environment that spurs innovation. And that’s just what happened with point of care devices, which you can learn about with msk ultrasound courses.
Science companies pushed medical device manufacturers to meet their needs on a wider scale and faster because they were in a rush to produce a vaccine for COVID-19. This, in turn, helped the point of care device sector.
Elective Treatments Are Back
When the pandemic first hit, elective procedures were put on hold. Now, as the world creeps back from inertia, one of the medical industry trends is elective procedures.
Medical device manufacturers are ramping up production. As mentioned above, they won’t be able to do as much as they want because of the supply chain issue.
Medical device manufacturers are looking to increase research and development (R&D) spending over the course of the next year.
More AI Integration
Medical technology and the world of AI keeps growing and growing. And it’s not stopping anytime soon.
The Internet o Things (IoT), AI, and machine learning that contribute to medical device security are set to see a market growth from $10.4 to $120.2 billion in 2028.
Wearable medical devices are another one of the future medical industry trends. These devices are currently available, but consumers have made it clear they want more of these.
They monitor sleep, heart rate, blood pressure, and slip and falls.
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Medical Device Industry Trends for 2022 and Beyond
As the world comes into a new age of post-pandemic living and ever-changing technology, these medical device industry trends will help lead the way.
Plus, once the global supply chain issues are fixed, these devices will be even more prevalent.
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