Medical technology can be considered as any technology used to save lives in individuals suffering from a wide range of conditions. In its many forms, medical technology is already diagnosing, monitoring and treating virtually every disease or condition that affects us. Medical technology can be familiar, everyday objects such as sticking plasters, syringes or latex gloves. Alternatively, it could also be spectacles, wheelchairs and hearing aids. Meanwhile, at the high tech end of the scale, medical technology includes total body scanners, implantable devices such as heart valves and pacemakers, and replacement joints for knees and hips.
The common thread through all applications of medical technology is the beneficial impact on health and quality of life. They all contribute to living longer, better and empowering citizens to contribute to society for longer. In so doing, they improve the quality of care, and the efficacy and sustainability of healthcare systems.
We advise MedTech leaders on identifying new growth opportunities. Our deep expertise across the life sciences, and healthcare spectrum enables us to understand how MedTech providers may be affected by hospital purchasing trends, reimbursement strategies, advances with companion diagnostics, and other market dynamics.