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Artificial Intelligence involves the science and engineering of developing intelligent machines
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Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
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The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Unconventional Partnerships Create New Value, Address Evolving Market Needs, and Produce Transformational Growth
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Medical technology (MedTech) firms are on the verge of reinventing their role in enabling care delivery due to various external factors, such as continuous margin pressures from providers on account of increasing healthcare costs, changing needs of end users, rapid technological advancements, empowered patient-consumers taking an active role in their health and demanding new-age solutions, and threat from low-cost emerging market competitors. The increasing emphasis on value-based healthcare, which drives outcome-based reimbursement and purchase decisions for medical devices, necessitates a shift in business model and pricing strategies among the MedTech firms. The current scenario is presenting device companies with new opportunities to transform from a feature-oriented hardware sales model to a more engaging partnership model that helps save provider and payer costs while improving patient outcomes. To build solutions that solve the needs of key stakeholders in the current landscape, quantifiable data-driven metrics that prove the efficacy and effectiveness of the device are needed. For this, companies should shift their focus to continuum of care solutions, as the value metrics to prove the outcome might not be readily available during the point of intervention and would need continual measuring beyond the acute care setting. Integrating data and analytics to enhance the care process (improved clinical workflow and real-time clinical decision support) or extending monitoring capabilities beyond acute care setting (to recovery wards and home) prove the benefit of capturing pertinent data. The focus on continuum of care solutions, enabled by connected devices integrated into digital platforms, provides new revenue streams for MedTech firms centered on data and performance. It enables providers and payers to design innovative care delivery and disease management or wellness models. To sustain in the competitive market, MedTech firms need to embrace innovative risk-sharing models, value-based contracts, subscription models, and managed service partnerships. This research service covers key strategic imperatives for MedTech firms, key impacts on their growth opportunities due to business model transformation, and growth drivers and restraints for business model transformation. Author: Srinath Venkatasubramanian
Payment Reforms and Digital Technologies to Drive Future of Hospital at Home Care Models
GROWTH OPPORTUNITIES IN CELL AND GENE THERAPIES, RETINAL DISEASES, DRUG DELIVERY PLATFORMS, PLANT-BASED DRUGS, CARDIAC HEALTH, AI-BASED DEVICES, COMPUTATION METHODS, AND CULTURED MILK
Innovative Public-Private Partnerships Transforming the KSA Healthcare Industry, Outlook 2021
Developing Innovative ROI Streams and Patient-centric Virtual Care Approaches will Shape the Global Healthcare Industry, Outlook 2021
INNOVATIONS AND GROWTH OPPORTUNITIES IN NEUROSTIMULATION DEVICES, ADVANCED DIAGNOSTICS, AND DIGITAL THERAPY PLATFORMS
GROWTH OPPORTUNITIES IN TARGETED CANCER THERAPY & CANCER DIAGNOSTICS, VIRAL VECTORS, MULTIPLE DISEASES, RETINAL DISEASES, AND COSMECEUTICALS
Transformational Growth Powering the Digital Operating Room Market in the United States and Western Europe
INNOVATIONS AND GROWTH OPPORTUNITIES IN NEUROSTIMULATION DEVICES, POINT-OF CARE DIAGNOSTICS, AND NOVEL IMPLANT PLATFORMS
Artificial Intelligence Powering the Global Medical Imaging Market
GROWTH OPPORTUNITIES IN GENE THERAPIES, CANCER, DISEASE TREATMENT & MONITORING, SURGICAL APPLICATIONS AND COSMETICS
thermal spray coatings market
glucose monitoring devices market
cloud security market
nanophotonic equipment market
aerospace industry outlook
fleet management market
alternative energy market
agricultural drones market
electric vehicle market analysis
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