Technology in any industry is all about newness and connectivity. MedTech 1.0 was marked by industrial devices and MedTech 2.0 by analog devices. Currently, the 3.0 phase is distinguished by the involvement of the smart devices developed through Artificial Intelligence and cloud computing. The fourth industrial revolution of data analytics and the Internet of Medical Things (IoMT) has paved the way to “anytime, anywhere” healthcare. The use of telemedicine is often associated with healthcare 4.0.
Though telemedicine had been in effect, the pandemic brought a paradigm shift in it.Covid-19 has made a considerable impact on the consumer adoption of telemedicine. As per reports, the number increased to 46% from 11% in 2019. Healthcare has become more responsive through connected devices. Wearable technologies play their part in handling data, while mobile health applications aim at well-being and self-care. These applications are also capable of tracking worker awareness. Healthcare 4.0 is empowered to harmonize the patients and the healthcare professionals with the treatment method and the technologies adopted.
At this juncture, a variety of MedTech Companies are entering the market to cater to the different needs of the healthcare domain. To help them choose the best that fits their requirement, MedTech Outlook has compiled a list of top 20 companies. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CXOs.
We present to you MedTech Outlook’s “Top 20 MedTech Companies in APAC – 2021.”