Medtech companies are at the forefront of innovation, and that has never been more evident than in the industry’s response to COVID-19. The healthcare research and development (R&D) engine is in high gear to create innovative products for hospitals to treat patients. Medtech companies are bringing new diagnostic tests, ventilators and personal protective equipment (PPE) to market in record time.
The increase in R&D reflects the fast pace of innovation seen across the entire healthcare industry, from digital health, to medical equipment, to diagnostics and drug delivery systems. Medtech areas poised for growth include medical robotics, artificial intelligence and combination products that combine devices and drugs.
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