Overview

The medical device industry faces significant pricing pressures as the consumables and services segment gains traction from activities tied to installing new equipment and replacing or refurbishing capital equipment. Medical device vendors are focused on new business models to provide multi-vendor services, online parts ordering, remote servicing, cybersecurity, and professional services (including consulting) to drive growth in a competitive environment. Amid rising healthcare costs and workforce burnout, innovative business models and disruptive technologies will drive industry growth in 2025.

Patients, payers, and health providers are shifting care to out-of-hospital settings, such as ambulatory care centers and homes, to reduce costs and improve patient convenience. Medical devices such as remote and continuous monitoring devices, wearables, and connected solutions enable this transformation. Telemedicine, remote care, and virtual care trends will boost demand for medical devices alongside process automation solutions, such as robots, to help reduce the workload burden of healthcare staff.

Increasing healthcare costs and healthcare workforce burnout have led to the creation of innovative business models and disruptive technologies that will drive growth in the medical devices industry during the next year. Patients, payers, and health providers are significantly shifting care into out-of-hospital settings, such as ambulatory care centers and homes, to reduce healthcare costs and provide patient convenience. The development of medical devices such as remote and continuous monitoring devices, wearables, and connected solutions is enabling this transformation.

• What role do multi-vendor services, online parts ordering, remote servicing, cybersecurity, and professional services (including consulting) play in creating new growth opportunities for medical device companies?
• What innovative business models and disruptive technologies can companies adopt to accelerate growth in the medical device industry in 2025?
• What strategies can your company adopt to capitalize on the shift toward ambulatory care centers and home healthcare to reduce healthcare costs and pave the way for growth?

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