LONDON, May 16, 2016 /PRNewswire/ -- TechVision's Medical Devices and Imaging technology cluster's latest research service profiles ten technologies that are expected to have a huge impact on the healthcare industry in the next two years. This report provides an overview of the ten technologies, and provides key pointers that are needed for strategic decision-making. Each of these technologies represent billions of dollars in market potential, and have a rich track record of R&D funding, intellectual property (IP) activity and a vibrant innovation ecosystem. This list includes technologies that are just seeing the light of commercialization, as well as those technologies that are already in the market, but are expected to make an impact through wide-spread adoption. Each of the technology profiles covers the following: Brief technology snapshot, breadth of applications, key innovations and innovators, five-year market potential, recent funding and business deals, important market factors aiding and hindering growth. This research service aims to act as a guide for innovation-focused organizations who seek to learn about the medical technologies that will fuel growth in the next few years.
Key Findings: Medical Devices and Imaging Technologies
Based on Frost & Sullivan's analysis, the following have been identified as 2016 Top Medical Technologies: Surgical Robots, Surgical Laser, Digital Radiography, X-Eluting Stents, Optical Coherence Tomography, Smart Pills, Nuclear Imaging, Next-Generation MRI, Neuroprosthetics and Neuromodulation technologies.
MedTech innovations leverage technology platforms from adjoining industries. Healthcare industry is among the early adopters of technologies such as haptic touch, wireless charging, predictive analytics and other cutting-edge innovations that form enabling platforms on which medical devices are built.
The MedTech innovations identified as the hottest and most promising, are not limited in impact to any single region. The funding, research activity and the size of their innovation ecosystem indicate that their impact is expected to be felt in developed, emerging and under-developed regions, in the next months.
Market demand for newer technologies is generated by an ageing population and increasing prevalence of chronic diseases - both being intensified by rising healthcare costs. These emerging technologies promise to replace some existing clinical practices, making diagnoses and therapy more effective and affordable.
The most impactful limitation or growth challenges for MedTech innovations remain high regulatory barriers, which in turn fuels user skepticism. Countries such as the US, which is an innovation hub, loses out on market adoption for some technologies, as it has one of the most stringent regulatory systems in the world.
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