Digitalization is getting more important in medical technology
E-Health, patient protection, IoT (Internet of Things), automation and cyber security –
many companies are very much occupied with these topics today.
Increase in telemedicine patients from 2016 to 2018*
20% of clinical trials worldwide will introduce some form of virtualization.
Estimated revenue growth in Wireless Health segment from 2017 to 2020
Digitization has been opening the door to a lot of opportunities in the field of medical engineering too.
The first medical products have already been digitally enhanced creating not only new possibilities, for example in the evaluation of functions or usage areas/scope of the products, but also new business prospects.
With products that are increasingly becoming smaller and portable, the trend in medical engineering is observed to be extending into homecare as well. The physical connect with hospitals or other facilities is no longer required. Without such a connect, the patients are still empowered and enabled to use medical products. However, at the same time, this also creates new challenges and exciting business models.
Many manufacturers in the field of medical engineering are wondering how to keep pace with the rapidly changing environment in the future. The advantages of digitization in medical technology are obvious, but the risks, especially in data protection and data security, must not be neglected and forgotten.
Scalable software solution
Today, medical technology companies sell their products through a wide variety of distribution channels. In times of digitalization, not only do customers want to know where their products are, but so does the manufacturer. This is why traceability is becoming increasingly important. Thanks to blockchain technology, this is now possible with minimal effort. In addition to secure traceability, this method also ensures protection against fraud.