New Innovations Tackle Pressing Challenges within the Healthcare Industry

Frost & Sullivan reveals the importance of the new players entering the healthcare market

Sep 16, 2015, 09:30 ET from Frost & Sullivan

MOUNTAIN VIEW, Calif., Sept. 16, 2015 /PRNewswire/ -- The entry of new competitors from outside the traditional healthcare industry is creating new competitive pressures as well as forcing established players to re-evaluate their business models and growth plans. Companies across all industries are assessing what value they can generate to help reduce soaring healthcare costs as well as alleviate pain and suffering for the world's rapidly aging population. Established healthcare and life sciences companies are witnessing their traditional business models challenged by disruptive technologies and competitors who are applying strategies borrowed from other industries.

This healthcare shift will be addressed at MedTech 2015, as Frost & Sullivan's Healthcare Consulting Group Director, Charlie Whelan hosts  "Tapping Into Creativity to Drive Growth" an interactive workshop and a panel discussion "Innovation & Technology Track: How to Play Nice with Others."

Workshop participants will engage in a thought-provoking discussion with other attendees and experts to identify and develop new opportunities designed to address healthcare's most pressing challenges in the fields of technology, competitive dynamics, customer needs and medical practice. Using a specially developed conceptual tool, participants will explore questions such as:

  • How could the adoption of robotics and artificial intelligence allow for more personalized healthcare in a retail environment?
  • Could the use of devices made from new polymers with anti-infective properties have a dramatic impact on flattening the cost curve?
  • In what ways could consumer goods companies collaborate with healthcare providers to address the needs of millions of Americans with mental and behavioral health challenges?

Additionally, attendees will gain knowledge of the new players entering the market and the challenges the new entrants cause.

"Ideas that have emerged from similar workshops Frost & Sullivan have executed, have helped spark creativity across hundreds of healthcare and life sciences companies," said Whelan. "Frost & Sullivan is looking forward to bringing that energy to New York where there is a thriving community of healthcare innovation."

Please join Whelan at MedTech 2015 for the largest gathering of healthcare senior executives and leaders from the bioscience and medical technology industry. To view more information regarding the events please visit,

Whelan has an extensive background in a number of healthcare sectors including medical, surgical and patient monitor technologies as well as consumer healthcare and general healthcare system trends.

The MedTech 2015 will be held at the Buffalo Marriott Harbor Center on Wednesday, October 14, 2015 to Thursday, October 15, 2015.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Kayla Belcher
Corporate Communications
P: 210.247.2450

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SOURCE Frost & Sullivan