Latest Innovations in Medical Device Technologies, 2017-2019 & 2023 - Major Players are Abbott Laboratories, Boston Scientific, General Electric Co, Johnson & Johnson, and Paradromics
The Global Market for Medical Device Should Grow from $470.5 Billion in 2018 to Reach $640.9 Billion by 2023 at a CAGR of 6.4% for the Period of 2018-2023
The report includes:
An overview of the latest innovations in medical device technologies within the healthcare industry
Analyses of the global market trends with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
Review of emerging medical device innovations by clinical specialties such as trauma and orthopedics
Insight into government regulations, pricing structure, performance monitoring, and pricing pressure (healthcare initiatives) in the U.S. and Europe
Discussion of the importance of medical device regulation and regulatory bodies, protection of intellectual property rights, and barriers to medical device innovation
Profiles of major companies of the industry, including Abbott Laboratories, Boston Scientific Corp., General Electric Co., Johnson & Johnson, and Paradromics Inc.
Report Scope
The key objectives of this study are to:
Review the medical device innovation process. This includes:
The generation of new ideas.
Advocacy and idea screening.
Experimentation and trial process.
Commercialization.
Diffusion and implementation of innovation.
Review medical device innovations by clinical specialty.
Review major new medical device technological advances, developments and innovations. This includes:
Surgical robotic systems.
Mobility and cloud access.
Nuclear medicine imaging devices.
4k ultra-high definition medical imaging technologies.
Telemedicine.
Augmented, virtual and mixed reality devices.
3D printing technologies.
The advent of artificial intelligence (AI) in healthcare.
Wearable medical device technologies and the Internet of Things (IoT).
Radio frequency wireless technologies.
Bio-printing (artificial organs).
Clustered regularly interspaced short palindromic repeats (CRISPR).
Bluetooth-enabled medical devices.
Examine the commercial implications of the market introduction of new medical devices. This includes undertaking the following:
Review the range of joint ventures, collaborations, licenses and research agreements currently focused on new medical device technologies.
Review of the regulatory requirements, intellectual property protection, patents and trademark process.
Review the impact that the new and improved technologies will have on the market dynamics by geographic region.
Survey the key players involved in the development of new and innovative medical device technologies together with major improvements to existing technologies and provide company profiles.
By purchasing this study, the reader will gain:
An improved understanding of the current state and future of new and emerging innovative medical device technologies.
The latest information on the leading companies engaged in developing new and improving existing medical device technologies, a review of the status of their intellectual property and product pipelines, and insight into their proprietary technologies.
An understanding of the impact that these new products and technologies will have on the growth and development of the medical market.
An appreciation of how these new medical devices will affect the provision of healthcare, how they will provide clinicians with new methods to treat existing conditions and how these technologies will improve clinical outcomes for patients.
An awareness of the implication that these new medical device technologies will have on the regulatory and legislative approval process. This will be essential for maintaining compliance in the changing regulatory environment, as well as for promoting commercial competitiveness and facilitating early access to innovative medical device technologies.
A knowledge of intellectual property protection through patents and trademarks.
An appreciation of the barriers to innovation in the field of medical devices and how to overcome them.
The analysis includes the use of charts and graphs measuring product growth and trends within the marketplace. Company-specific information, including sales figures, product pipeline status and R&D trends, is provided throughout the report.
Key Topics Covered
Chapter 1 Introduction
Scope of the Report
Methodology and Information Sources
Primary Data and Information Gathering
Secondary Data and Information Gathering
Market Revenue Forecasts
Chapter 2 Summary and Highlights
Global Medical Device Market
Chapter 3 Introduction to Medical Device Products and Product Innovation
Background and Definitions: Medical Devices
Uses of Various Devices
Evolution
Types
Background and Definitions: Innovation in Medical Devices
Stakeholders Involved in the Innovative Process
The Medical Device Industry
Patent Applications Filed in the Medical Device Technology Industry
The Cost of Medical Device Innovation
Current Trends in the Medical Device Technology Industry
Notable Trends in the Medical Device Technology Industry
Importance of Innovation in the Medical Device Industry
Challenges Facing the Sector
Public Health Systems
Balancing Patient Needs and Financial Sustainability
Competitiveness and Innovation
Market Dynamics
Drivers
Restraints
Opportunities
Strategies
Distribution Network
Asia-Pacific
United States
Europe
India
China
Others
Trends
China
Europe
New Products and Technologies
New Materials
Refurbished and Replacement Market
Mergers and Acquisitions
Recommendations
Chapter 4 The Global Medical Device Market
Introduction
Global Medical Device Market
Regional Overview
North American Medical Device Market
European Medical Device Market
Asia-Pacific Medical Device Market
Latin American Medical Device Market
Middle East/African Medical Device Market
Chapter 5 Medical Device Regulation, Legislationand Regulatory Bodies
North America
United States
Canada
Europe
(General) Medical Device Directive, MDD (93/42/EEC)
Active Implantable Medical Device Directive, AIMDD (90/383/EEC)
In Vitro Diagnostic Medical Device Directive, IVDMDD (98/79/EC)
New Medical Devices Regulation (EU) 2017/745 (MDR) and the In Vitro Diagnostic Medical Devices Regulation (EU) 2017/746 (IVDR)
The Procurement of MDs and IVDs
Notified Bodies
How the European Commission Promotes Innovation
Regulatory Structure for Medical Device Approval in Germany
Regulatory Structure for Medical Device Approval in France
Regulatory Structure for Medical Device Approval in Italy
Asia-Pacific
Japan
China
India
South Korea
Latin America
Brazil
Argentina
Mexico
Chapter 6 The Medical Device Innovation Process
Generation of New Ideas
Clinical Evaluation and Planning
Development of Product Prototypes and Prototype Testing
Business Planning
Diffusion and Implementation of Innovation
Protection of Intellectual Property and Patents
Patentability of Medical Devices
Concerns, Issues and Considerations
Who Conducts the R&D for New Medical Device Products?
Financing of Medical Device Innovations
The Role of Liability
Reimbursement of New Medical Devices
Chapter 7 Review of New and Emerging Medical Device Innovations: Anesthesiology
Global Market for Anesthesiology Medical Device Technologies
Trends in Anesthesiology
Applications of Artificial Intelligence for Anesthesia
Cardiac Output Monitoring in Anesthesiology
Ultrasound-Guided Regional Anesthesia (USRA)
Developments and Advances in Airway Management: Video Laryngoscopes
Technological Advances in Wireless and Non-Invasive Peri-Operative Monitoring
Advances in Awareness Monitoring Technologies
Future Innovations and Predicted Developments in Anesthesia
Chapter 8 Review of New and Emerging Medical Device Innovations: Cardiovascular Medicine
Global Market for Cardiovascular Medical Device Technologies
Trends in Cardiovascular Medicine
Artificial Intelligence (AI) in Cardiovascular Medicine
Latest Advances in Transcatheter Aortic Valve Replacement (TAVR) and Transcatheter Mitral Valve Replacement (TMVR)
Transcatheter Aortic Valve Replacement (TAVR)
Transcatheter Mitral Valve Replacement (TMVR)
Arrival of Point-of-Care Troponin Testing
Technological Advances in Wearable and Implantable Cardiovascular Devices
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