The Global MedTech I

The Global MedTech industry has had its share of ups and down in the post-pandemic era. Sectors within, have weathered headwinds such as supply chain issues, surplus inventory, recessionary forces impacting customers and some slowing down of inward investment. However, the industry has exhibited resilient growth powered by the offering of gold standard traditional solutions, focus on optimizing the workflows of clinical users, targeting underpenetrated and underserved customer segments across the Globe and with a renewed focus on innovation that delivers high impact clinical and operational outcomes. Sustainability and the ESG goals have also driven MedTech OEM’s to demonstrate benefits to institutional customers and clinical users alike. Several firms have taken confident decisions to spin out their Healthcare businesses or divest under-performing units while some new alliance deals have been struck between competitors to provide a unified solution proposition to customers across clinical care areas. The list of success stories and best practices is not short when we look back at 2023.

The Global MedTech Industry Outlook for 2024 is an invaluable summary of key trends that influenced the performance of the sector in 2023, provides a comparative analysis of sectoral growth rates and valuation in 2024 of key segments across MedTech, analyzes key trends to watch out for in 2024 and is interspersed with examples of industry best practices and success stories. As providers prepare for a tough 2024 with ongoing workforce challenges, transitioning and/or adopting digital solutions for automation and generative AI, continued M&A / consolidation / partnerships, the MedTech industry must anticipate and be prepared for the ensuing trends that will determine business success in 2024. A summary of key recommendations and growth opportunities for 2024 is provided.

The MedTech Industry Outlook 2024 is structured to provide:

• Analysis of factors, that influenced the performance and characteristics of the MedTech sector in 2023 as compared to 2022,
• Revenue estimations and growth rate projections for key sectors across MedTech between 2023 and 2024,
• Highlights of the key trends to watch out for in 2024,
• Recommendations and prioritized list of growth opportunities  for 2024,
• Best practices and success stories that exemplify how market participants overcame challenges to build and deploy solutions using innovative business models.
• Act as the knowledge base for an interactive session with the industry experts at MarketsandMarkets.

The MedTech Industry Outlook 2024 report is an insightful toolkit for incumbent market participants, tech players, SME’s, the investment community as well as the long list of players who form part of the upstream supply chain in this sector.