Top Medical Device Trends moving into 2022
The medical device market is constantly evolving. Medical device OEMs need to be aware of market trends and be prepared to adapt to market changes. Given the complexity of the driver and the limits of the market, this is a huge achievement. The solution is to create agility in your business with a strong commitment to develop new products while preserving your existing product line. The ideal business offers great flexibility and supply chain benefits, especially with healthy margins. It's not surprising that outsourcing is gaining in popularity, especially in the medical device industry, as contract manufacturers (CMs) offer it exactly. What we are looking for in contract manufacturers has to do with trends in medical devices since 2022. Showcase the current top 5 trends below.
Confusion was the name of the game during the pandemic. Everything related to transportation, logistics and inventory faced endless obstacles due to travel restrictions, delays in transportation, reduced capacity and dramatic increases in fares. .. In order for commercials to absorb all these setbacks, they needed to develop a stronger and more resilient supply chain strategy. Therefore, supply chain resilience is one of the most important selection criteria for OEMs.
Today, medical professionals are actively using a number of portable devices to monitor a patient's health and detect significant changes in the body, such as unreasonable increases and decreases in blood pressure and fluctuations in heart rate. Fitbits, an oxygen sensor, can detect coronavirus one day before symptoms appear. Wellness and preventive medicine focus heavily on enhancements, the use of software as medical devices (SaMD), and the feasibility and security of the Internet of Medical Things (IoMT) for monitoring and monitoring health from a distance. Is placed. The FDA and EUMDR's perception that many of these devices and technologies are “medical” shows an upward trend across this segment.
The minimally invasive device segment gained popularity due to the increased incidence of non-communicable diseases, their inherent low risk, enormous technological advances, rapid recovery times, and the demand for increased security caused by pandemics. doing. The market for minimally invasive surgical devices in 2020 is valued at $ 2.7 million and is expected to grow to $ 3.95 million by 2026. Of course, there is great demand for commercials that specialize in manufacturing technology and have a deep understanding of minimally invasive devices.
The Chinese medical device market has recently grown significantly. The two main drivers of growth were the Chinese government's incentives for regional innovation, such as MAH policy and the rapid recovery after the Covid-19 crisis. With a factory in China, CM can benefit from the growth, improvement and great success of the Chinese medical device industry.
Supply Chain Strategy
China: Regional innovation and medical technology growth
Wearables
Increase demand of Medical Device Outsourcing
Firstly, choose to work with an organization that has the ability to proactively address future demand. A commercial that can quickly adapt to changing market requirements. The APAC region boasts the world's best manufacturing of medical technology, and medical device outsourcing in China is growing at a compound annual growth rate of 9.5%, which is higher than any other market in the world. With vertically integrated manufacturing with top-down and bottom-to-top integration,