Get Ready for These 4 Medtech Shifts

Healthcare has historically focused on treating the chronically ill and diseased populations, but things are changing, and it is a “global shift,” Sowmya Rajagopalan, industry principal of Frost & Sullivan, told attendees at The MedTech Conference. “Payers and providers understand that it has to be health management [in order to] to delay the onset of disease.” In addition, “consumerization in healthcare has begun,” she added. Patients “want to know how their health is managed.”
Rajagopalan presented “Top 4 Predictions for Global Medical Devices Industry in 2019” September 25 on the MedTech Exec Talks Stage.
To achieve such a transition in healthcare, Rajagopalan said that monitoring solutions and diagnosis and screening tools will be needed. Hospitals will no longer be the focus—“care will take place at home, 24/7, through screening and monitoring,” she said. And “AI has to be a tool that clinicians use to predict disease.”
There’s also a need to control spending. “In a developed country, hospital inpatient care represents 25-40% of healthcare expenditures, and 11-15% of hospital inpatient costs are attributed to readmission costs,” she said.
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Source: MDDI - October 9, 2018 Category: Medical Devices Authors: Daphne Allen Tags: Business Source Type: news