The rising trend for medical wearable devices, such as health monitoring or therapeutic tracking devices, is anticipated to drive the demand for medical technology in the upcoming years. In addition, the increased application of artificial intelligence (AI) in medical technology, such as in these wearable devices, in addition to remote patient monitoring devices, innovative surgical technologies, and the application of Electronic Health Records (EHRs), is expected to propel the European market.
These trends are expected to cause the market value of the medical technology sector in the European region to soar to a staggering US$157.1 billion by 2022. By 2027, this amount is projected to increase at a compound annual growth rate (CAGR) of 4.5%, reaching US$191.30 billion.
This issue of Med Tech Outlook Europe features the ‘Top 20 MedTech Companies in Europe - 2022,’ which highlights some of the key developments in the medical technology space. It also highlights how the industry has experienced significant growth in recent years, despite the pandemic and conflict-driven market limitations.
It features companies such as 1med, which offers regulatory support, digital solutions, and full-service CRO support to the pharmaceutical industry. The edition also includes companies like Breas Medical, a global leader in mechanical ventilation, airway clearance, and sleep therapy, and Sensocure, which provides postoperative monitoring of internal organs.
The magazine also includes the insightful viewpoints of Dr. Henry Soeharno, Consultant, SGH Orthopaedic Surgery, Singapore General Hospital, and William Jason Cole, CIO, Meritus Health. They each discuss how the field of orthopaedic care has been revolutionised by the use of 3D prosthetics and where wearable technologies fit in the medical technology landscape.
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