The healthcare sector is made up of biotech, health insurance, health services, pharmaceuticals, and medical equipment and devices. The healthcare industry is valued at $3.2 trillion per year and is currently seeing a shift in focus as medical devices take the stage front and center. IndustryTap has written about the rapid adoption of surgical robots and dozens of sensor-enabled medical devices such as cardiac mapping systems, smart catheters, digital peak flow meters for asthma patients, and more.
Medical Devices Makers Enjoying Strong Tail Winds
One drag on the healthcare industry, in general, has been uncertainty over the future of the Affordable Care Act and possible reining in of drug pricing trends. But innovative technological trends in healthcare continue unabated in diagnostic equipment, hospital supplies, hospital labs, medication management systems, medical devices, surgical equipment, orthopedic hardware, emergency medical equipment, and more.
Medical Devices: A Hot Field for Inventors
The following video is an interview with an Indian doctor who is a medical device inventor. Dr. Balram Bhargava has written a book, “Inventing Medical Devices,” published by NotionPress, that discusses how medical devices are invented. The book provides case studies and real-life examples of the benefits to entrepreneurs wishing to invent new medical devices.