10 Hot Medtech Industry Trends

8116082155_ef9a1afa92_oThere is a trope used by motivational speakers that the Chinese word for “crisis” is a combination of the symbols for “danger” and “opportunity.”

It probably isn’t translated that way. But no matter what, times of disruption actually can present great opportunities. Consider all the now-giant companies such as General Electric, Microsoft, and Apple started during recessions.

Perhaps that’s where the medical device industry is right now. From smaller M&A deals to less venture capital, there has been little reason for medtech insiders to feel optimistic about the business, according to a recent report by EP Vantage, which is part of Evaluate (London). Add in questions swirling around cybersecurity, and the situation looks even worse.

And yet a host of innovations are coming of of age in the device space—from 3-D printing to connected health features—that could make medical devices more individualized, more interactive, and hopefully more useful when it comes to managing and improving people’s health.

Here are 10 recent trends we’ve spotted that spell out both danger and opportunity for the medical device industry:

By Chris Newmarker | Qmed

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About Peter Coffaro 1430 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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