The future of Medical Devices
Medical Devices is currently undergoing a sea change. With a growing market that’s estimated to reach $12.1 billion by 2021- almost doubling in value since 2016- the industry is attracting the best new talent from around the Pharmaceuticals industry, who are transforming the sector. Technology is opening up new avenues of business, and changing everything from the way in which patients interact with their GPs to the Medical Devices themselves: the sector is constantly innovating, allowing professionals to offer an ever-higher standard of healthcare to the millions of people around the world who are dependent on it.
Technology is allowing us to care for people better than ever before- so what does this mean for the future of Medical Devices?
We take a look at the biggest trends set to shape the sector in coming years.
The rise of Wearables
Wearables have been a common fixture in the consumer’s market over the past five years, with devices like the FitBit and the Apple Watch offering a variety of services, from monitoring a patient’s heart rate to being able to send text messages. And it’s set to grow: already worth over $13bn, it’s undergoing an average growth rate which is double that of the medical market.
Now many tech companies are making the most of this surge in growth, waking up to the potential of wearables in the Medical Devices market. As such, many are making the move to diversify: Apple recently announced its third patent for using an Apple Watch to track blood pressure, whilst Jawbone has decided to ditch consumer wearables entirely to focus on Medical Devices, with products that include a smart bracelet that warns you if you’re about to have a heart attack.
De-centralised medical care
The entrance of tech giants onto the Medical Devices scene is set to cause a shake-up in the industry, too: alongside changing the face of healthcare technology, it will also likely promote better health amongst the customers that these devices are benefitting. The surge in Wearable Devices, and in technology as a whole, means that people are increasingly taking charge of their own health.
Indeed, the rise of at-home products and diagnostics is having a huge impact on the way people monitor their health. With smartphones and apps capable monitoring personal data, and even serving as a support system, like Novartis’ Heart Partner app, aimed at helping people recover from a heart attack, the future of Medical Devices is in smart technology, and in apps and small devices that let people monitor themselves or communicate instantly with their GP from the comfort of their homes. In turn, this is creating a trend towards a de-centralised system of providing Medical care that will only get stronger over the coming years.
AI
With advancements in technology come a massive range of new possibilities for Medical Devices professionals to exploit. Many companies are now harnessing the potential of AI in the lab, for instance, to monitor patients using sensors and automating treatment via a mobile app. This is being taken even further by Medtronic, which has developed a mobile personal assistant, Sugar.IQ, to assist people with diabetes. By calculating the impact on their glucose levels should they eat or exercise, monitoring their exercise, or even track their daily food intake, these smart assistants are helping sufferers improve their day-to-day routines in favour of a healthy, balanced and lower-risk lifestyle, with huge potential for the industry as a whole.
Big data
These advances in technology, smart devices and apps have created a slew of patient data which has, in turn, fuelled the creation of improved drugs, devices and apps. Thanks to the Internet of Things, scientists now have access to huge amounts of information on certain diseases, patient habits and more, which is termed ‘big data’. In turn, this increased monitoring of patients is offering scientists unparalleled insights into areas and conditions like epilepsy, which is already paying off: researchers are currently in the process of developing a medical device which uses deep learning to analyse long-term neural data, which can then be used to accurately predict seizures in patients and better inform them about how the condition might affect them.
Naturally, this is a groundbreaking step, and with the rise of big data in the Medical Devices sector, the possibilities are limitless: from helping imaging devices learn how to recognise abnormal scans, to analyse a patient’s blood chemistry and detect if anything is out of the ordinary, big data will revolutionise the industry.
What’s on the horizon for Medical Devices?
The Medical Devices industry is still in flux. Many companies are investing in virtual reality and drones to expand their client offering, whilst 3-D printing is tipped to take off in coming years. Offering customers the chance to personalise their device to one that better suits their needs, it has massive potential, especially when it comes to biomaterials, prosthetics and surgical planning; on the other end of the spectrum, doctors are delving into nanotherapeutics, which aims to treat disease on a molecular level using nanobots, for instance to break up stroke-causing blood clots.
One thing is for sure: it’s an exciting time to be involved in Medical Devices.
At IQVIA, we pride ourselves at being at the forefront of innovation in Medical Devices, connecting the brightest minds to the best jobs that will go onto impact the market.
Browse our jobs here, or find out more about the medical industry in our industry insights here.
Sources
https://www.mpo-mag.com/issues/2017-06-01/view_columns/the-future-of-medical-wearables
http://artemia.com/the-future-medical-devices/
https://www.techemergence.com/ai-medical-devices-three-emerging-industry-applications/
Find out more about life at IQVIA
Did you know IQVIA cares about
Health and Wellbeing
for all its employees
Did you know IQVIA has
Excellent work-life balance
and is committed to this kind of culture
Did you know IQVIA has
56+ petabytes of unique data
including 1.2B+ non-identified patient records
Did you know IQVIA has
86,000+ employees
from clinicians to data scientists each transforming healthcare in 100+ countries
Did you know IQVIA has
1,900+ epidemiologists
and real world insight experts
Did you know IQVIA has
4,600 data scientists
including statisticians and analytics developers
Did you know IQVIA has
Countless development opportunities
for personal and professional growth
Did you know IQVIA has
86,000+ employees
from clinicians to data scientists each transforming healthcare in 100+ countries
Did you know IQVIA has
Excellent work-life balance
and is committed to this kind of culture
Did you know IQVIA has
1,900+ epidemiologists
and real world insight experts
Did you know IQVIA has
Countless development opportunities
for personal and professional growth
Did you know IQVIA has
4,600 data scientists
including statisticians and analytics developers
Did you know IQVIA has
56+ petabytes of unique data
including 1.2B+ non-identified patient records
Did you know IQVIA cares about
Health and Wellbeing
for all its employees
Related jobs
Salary:
Location:
Torino
Job Type
Contractor/Consultant
Employment status
Full Time
Job Category
Medical Sales
Location
Torino
Description
Il nostro cliente, realtà farmaceutica in forte espansione e specializzata nel settore della nutraceutica ci ha incaricati di ricercare un Informatore Medico Scientifico, area di lavoro in Piemonte -
Reference
R1366349
Expiry Date
01/01/0001
Salary:
Location:
Padova
Job Type
Contractor/Consultant
Employment status
Full Time
Job Category
Medical Sales
Location
Padova
Description
Il nostro cliente, realtà farmaceutica in forte espansione e specializzata nel settore della nutraceutica ci ha incaricati di ricercare un Informatore Medico Scientifico, area di lavoro in Emilia Roma
Reference
R1366352
Expiry Date
01/01/0001
Salary:
Location:
Amsterdam, Rotterdam, Nijmegen, Den Haag, Den Bosch
Job Type
Apprentice (Fixed Term)
Employment status
Full Time
Job Category
Medical Sales
Location
Rotterdam
Den Haag
Den Bosch
Nijmegen
Amsterdam
Description
Doel van de functieDe Customer Engagement Manager is verantwoordelijk voor een portefeuille van producten binnen ziekenhuizen, algemene gynaecologen en fertiliteitsklinieken. De taken betreffen het c
Reference
R1369424
Expiry Date
01/01/0001
Author
Nadia JonkerAuthor
Nadia JonkerSalary:
Location:
Mumbai
Job Type
Regular
Employment status
Full Time
Job Category
Medical Sales
Location
Mumbai
Description
Job Overview Maximize sales growth in a specified geographical territory, consistent with Company strategy and objectives. This is generally achieved by educating and informing physicians and/or hospi
Reference
R1393036
Expiry Date
01/01/0001
Author
Prasad JadhavAuthor
Prasad JadhavSalary:
Location:
Erfurt
Job Type
Regular
Employment status
Full Time
Job Category
Medical Sales
Location
Erfurt
Description
IQVIA ist ein führender, globaler Anbieter von zukunftsweisender Analytik, Technologielösungen und klinischer Auftragsforschung. Bei IQVIA Contract Sales & Medical Solutions unterstützen Sie unsere Ku
Reference
R1344285
Expiry Date
01/01/0001
Author
Michelle PflanzAuthor
Michelle PflanzSalary:
Location:
Jakarta
Job Type
Regular
Employment status
Full Time
Job Category
Medical Sales
Location
Jakarta
Description
Sales Executive (Jakarta, Medan, Surabaya)Kami mencari seorang Sales Executive yang berpengalaman untuk bergabung dengan tim kami dalam mengembangkan aplikasi baru konsep SaaS di bidang farmasi. Sebag
Reference
R1374944
Expiry Date
01/01/0001
Author
Polly KwongAuthor
Polly KwongSalary:
Location:
Jakarta
Job Type
Regular
Employment status
Full Time
Job Category
Medical Sales
Location
Jakarta
Description
Sales Executive (Semarang, Central Jawa)Kami mencari seorang Sales Executive yang berpengalaman untuk bergabung dengan tim kami dalam mengembangkan aplikasi baru konsep SaaS di bidang farmasi. Sebagai
Reference
R1379173
Expiry Date
01/01/0001
Author
Polly KwongAuthor
Polly KwongSalary:
Location:
Salt Lake City
Job Type
POI without Job
Employment status
Full Time
Job Category
Medical Sales
Location
Salt Lake City
Description
As the only global provider of commercial solutions, IQVIA understands what it takes to deliver nationally and internationally. Our teams help biopharma, medical device and diagnostic companies get t
Reference
R1362370
Expiry Date
01/01/0001
Author
Janice JonesAuthor
Janice JonesSalary:
Location:
Dallas
Job Type
POI without Job
Employment status
Full Time
Job Category
Medical Sales
Location
Dallas
Description
As the only global provider of commercial solutions, IQVIA understands what it takes to deliver nationally and internationally. Our teams help biopharma, medical device and diagnostic companies get t
Reference
R1362367
Expiry Date
01/01/0001
Author
Janice JonesAuthor
Janice JonesSalary:
Location:
Tampa
Job Type
POI without Job
Employment status
Full Time
Job Category
Medical Sales
Location
Tampa
Description
As the only global provider of commercial solutions, IQVIA understands what it takes to deliver nationally and internationally. Our teams help biopharma, medical device and diagnostic companies get t
Reference
R1362369
Expiry Date
01/01/0001
Author
Janice JonesAuthor
Janice JonesSince joining IQVIA I have had unrivalled support and development from my manager to enable me to aspire to move into secondary care. I feel like my career is strongly supported by my manager in order to maximise my potential.
IQVIA has been behind my development to become a MSL. The contracts that I have worked on have allowed me to push clinical projects with a recent opportunity to manage a pilot scheme integrating e-detailing into an established field based team. The result was an increase in sales.
Once again I cannot thank you enough for not only approaching me with this opportunity but also for all the support you’ve given me along the way!
Just following on from the amazing news I got yesterday I wanted to say a really special thank you for all the help and support you have provided throughout the entire recruitment process.
A quick note to say thank you for your time this morning discussing my future career options. As you know I was feeling very conflicted about the right decision. Discussing the role with you gave me chance to clarify what is important to me.
Once again I cannot thank you enough for not only approaching me with this opportunity but also for all the support you’ve given me along the way!
IQVIA Related insights
Teaser
Medical Sales & ServicesContent Type
ArticlePublished
19/03/2024
Summary
Are you wondering if medical sales is a good career? All over the world, the medical and pharmaceutical sectors are booming, and nowhere more so than in the UK. With a thriving ecosystem of research
Teaser
GeneralContent Type
ArticlePublished
05/02/2024
Summary
Lucy Manning sits in our clinical trials team, but that’s not where her career started at IQVIA. It all began at the back end of 2022 when Lucy took on a fixed-term contract as a Project Support Coo
Teaser
SalesContent Type
ArticlePublished
02/02/2024
Summary
Does the idea of being a medical sales rep excite you? This crucial position lets you make connections with companies and practitioners in the medical field. It’s also a growing and dynamic industry.
Content Type
ArticlePublished
04/01/2024
Summary
Are you ready to step into a career that's both rewarding and accessible? Becoming a phlebotomist could be your ticket into the thriving world of healthcare. It's not just about drawing blood; it's ab
Teaser
MedicalContent Type
ArticlePublished
20/11/2023
Summary
In the tapestry of healthcare, where expertise meets innovation, individuals like Marissa, a Senior Nurse Advisor at IQVIA, play a pivotal role. Marissa has not only learned from challenges but has e
Teaser
SalesContent Type
ArticlePublished
13/11/2023
Summary
A guide to excelling in Key Account Manager jobs in healthcare In the dynamic landscape of the healthcare industry, the role of a Key Account Manager (KAM) is pivotal. Experienced account managers con
Teaser
Medical Affairs & ServicesContent Type
ArticlePublished
10/11/2023
Summary
The role of medical science liaisons has never been more pivotal. Why? As catalysts for change and advocates of cutting-edge advancements, these professionals play a crucial role in fostering collab
Teaser
Medical Sales & ServicesContent Type
ArticlePublished
25/10/2023
Summary
In an industry where cutting-edge innovations and life-changing treatments are introduced every day, the role of ethics in medical device sales is critical. Bridging the gap between groundbreaking m
Teaser
Clinical OperationsContent Type
ArticlePublished
06/10/2023
Summary
Need some guidance on how to get a job in clinical research?Clinical research is a dynamic and rewarding field that transcends borders, offering professionals worldwide the chance to contribute to m
Teaser
SalesContent Type
ArticlePublished
06/10/2023
Summary
In the dynamic and competitive world of medical sales, the path to success is not just about knowing your products or having an impressive CV. Instead, amongst key skills, it's often the abili
Content Type
ArticlePublished
31/08/2023
Summary
Are you one of the 788,638 registered general nurses in the UK? Are you looking for a new challenge, with opportunities to grow and make a real impact in the world of healthcare? A unique and transf
Teaser
Medical Sales & ServicesContent Type
ArticlePublished
24/08/2023
Summary
In the dynamic landscape of global healthcare, staying abreast of emerging trends is not just an option—it's a strategic imperative for Key Account Managers (KAMs) who strive to excel in their roles.
Recently viewed jobs