Medical devices have become an increasingly important health care area in relation
to their impact on health and health care expenditure. The sector covers some 8000
types of products, ranging from simple bandages and spectacles, through life maintaining
implantable devices, equipment to screen and diagnose disease and health conditions,
to the most sophisticated diagnostic imaging and minimal invasive surgery equipment.
In the next few years, medical technology innovations will fundamentally transform
the health care delivery system, providing new solutions with medical devices that
will challenge existing paradigms and revolutionize the way treatments are administered.
With the help of many scientific and technology breakthroughs, the pace of medical
invention is accelerating, inspiring hope for better clinical outcomes with less
invasive procedures and shorter recovery times, all in lower cost settings. There
are powerful forces at work that are driving rapid fundamental change in healthcare
delivery These changes will drive demand for new lower cost diagnosis, monitoring
and treatment procedures. Medical devices that offer less invasive treatment options,
with better clinical outcomes and shorter recovery times, will create tremendous
value in the next few years.