The unprecedented crisis that the recent COVID-19 pandemic has brought forth is now pushing the existing healthcare systems to scale at pace. And to this end, digital transformation is playing a crucial role by helping the healthcare systems adapt to this new world. The use of innovative MedTech devices and AI application in providing care to patients are continually becoming more commonplace.
This is also accompanied by other critical changes, particularly around the deployment of a whole gamut of new medical devices and products, including wearables. These devices have many potential entry points in the best management of COVID-19 pandemics: from monitoring mild cases at home to offering personalized care to patients post-discharge from hospitals. And today, with the proliferation of 5G infrastructure and the very sudden increase in take-up, these MedTech devices are further leading to a veritable explosion in the number of data points that are going to become available to different healthcare systems globally.
By and large, it is implausible that this is a temporary phase. Therefore, MedTech companies should consider other imperatives beyond the immediate crisis response— particularly over the next three to nine months—to strengthen crisis resilience and recovery plans. For example, there is a real urgency to gather insights and deploy AI for identifying areas of future risk and opportunity, while improving and personalizing the care of people.
At this juncture, many MedTech Startups are entering the industry with a set of advanced and integrated offerings. Our editorial team has compiled a list of the top 10 MedTech Startups to help care providers improve their services and simultaneously ensure enhanced patient safety. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, latest innovations, and their advice for the aspiring CIOs.
We present to you MedTech Outlook’s “Top 10 MedTech Startups in APAC - 2020.”