3 Trends Shaping The Evolving Medtech Market
Friday, September 12, 2014
The medical device industry is adjusting to some tectonic shifts as the broader healthcare world moves to a value-based system.
Even so, the industry has had a remarkable transformation over the past 12 months, going from about flat or 1% growth in revenue globally to an increase of 5% to 6%, said medtech expert John Babitt, partner of Lifesciences, Transactions Advisory Services at Ernst & Young. The industry will be managing headwinds for some time, and Babitt will be presenting a keynote on this changing landscape at the annual MedTech 2014 conference in Albany, New York on Monday.
In an interview, Babitt discussed the three major trends he is observing that will be characteristic of this evolving marketplace.