Adapting to Innovation: The Changing Landscape of the MedTech Industry

The healthcare sector continues to advance with technological changes. Medical technology, or medtech, stands at the leading edge of this change, critical in improving patient care, cost reduction, and overall quality.
The medtech industry has undergone significant fluctuations over the past ten years. Notably, the COVID-19 pandemic has dramatically accelerated the adoption of telehealth and remote monitoring technologies. Nevertheless, the focus on health issues related to COVID-19 has temporarily diverted resources away from addressing other medical conditions and developing similar technologies. This diversion is consequently impeding advancements in the MedTech field.