Medical Device Predictions in 2024 – Thematic Intelligence

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This in-depth thematic intelligence report on the Medical Devices Industry in 2024 will help in the following:

  • Identifying the top 10 themes that will impact the medical devices industry in 2024. For each theme, we offer a series of predictions, identify winners and losers, and point you to further reading.
  • Analyzing the top 10 themes that are further sub-categorized into four segments: Industry themes, technology themes, ESG themes, and macroeconomic themes.
  • Learning about themes in order of importance, with artificial intelligence (AI), AI regulation, and precision medicine as the top three themes.
  • Accessing to scorecards under each theme. Each sector scorecard identifies those companies most likely to succeed in a disruptive world.

How is the ‘Medical Device Predictions 2024’ report different from other reports in the market?

“Themes are disruptive, hence it’s easy to be blindsided by industry outsiders who invade your sector. Understanding the themes ecosystem will get you ahead of the curve.” Getting access to the ‘Medical Device Predictions 2024’ thematic report today will help you in:

  • Tracking top themes across the medical device sector. We have a proven track record of identifying important themes early, enabling companies to make the right investments ahead of the competition and secure that all-important competitive advantage.
  • Developing and designing your corporate strategies through an in-house expert analysis of 2024 theme predictions by understanding the primary ways in which these themes are impacting the healthcare industry.
  • Staying up to date on the industry’s major players and where they sit in the value chain.
  • Identifying emerging industry trends to gain a competitive advantage.
  • Delving into the themes and answering the really important strategic questions for 2024:
    • What are the critical business risks you face in 2024?
    • Which are the most important technologies to focus on in 2024?
    • Who are the leading vendors for these technologies?
    • Where are your competitors investing for tomorrow?
    • How can you better understand your customers’ key challenges?
    • What is the economic health of the markets in which you operate?

We recommend this valuable source of information to anyone involved in: 

  • Medical Device Manufacturers/Suppliers-Distribution
  • Hospital Supplies and Hospital Management
  • Professional Services
  • Financial Institutions
  • Government Bodies
  • Academia

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Medical Device Predictions Thematic Intelligence Report Overview

The top themes that are likely to impact the medical devices industry in 2024 can be classified into industry themes, technology themes, ESG themes, and macroeconomic themes. The major technology themes that are expected to influence the medical device industry in 2024 are artificial intelligence (AI), cybersecurity, robotics, AI regulation, and digitalization. Inflation and China are the major macroeconomic themes that are likely to influence the medical devices industry in 2024. Furthermore, remote patient monitoring and precision medicine are the major industry themes shaping the medical devices market in 2024.

Top Themes Driving Growth in the Medical Devices Industry

Top Themes Driving Growth in the Medical Devices Industry

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The medical device predictions thematic intelligence report identifies the top themes that will define the medical devices industry growth in 2024. For each theme, the report offers a series of predictions, identifies winners and losers, and points one to further reading. Moreover, the report assesses how well companies are positioned for the future based on their competitive position in the main themes that are disrupting their sector.

Major Technology Themes ·        Artificial Intelligence (AI)

·        AI Regulation

·        Cybersecurity

·        Robotics

·        Digitalization

ESG Theme ·        ESG 2.0
Major Macroeconomic Themes ·        Inflation

·        China

Major Industry Themes ·        Precision Medicine

·        Remote Patient Monitoring

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Top Themes: Medical Devices Industry

Artificial Intelligence (AI): AI is likely to emerge as a key driver for medical device innovation. The use of AI in medical is expected to increase in the coming years. Since the technology has many applications in medical, it has the potential to transform key aspects of the industry. AI uses in the medical devices industry include data management, diagnostic imaging, remote surgery, diagnostic and procedural AI assistants, and clinical trial design. Furthermore, the technology will aid in fighting against COVID-19. AI will continue to provide support in many different areas, such as the development of diagnostics and treatments, understanding how COVID-19 spreads and identifying outbreaks, maintaininging social distancing measures, and scaling customer communications.

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Inflation: Inflation has been a major theme of 2023 as countries worldwide witnessed price rises at 30 to 40-year highs. In 2024, inflation in most developed regions will fall, however, it is expected that high interest rates may lead to recessions in regions such as Europe and China. This predicted high inflation, in certain regions, will impact the medical devices industry as the cost of raw materials, energy, and labor can rise, leading to significant manufacturing costs. Also, medical device companies could experience an increase in operational expenses such as those related to utilities and transportation, ultimately impacting profit margins and financial performance.

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Precision Medicine: It is a medical model that proposes the customization of healthcare to suit the requirements of individual patients by using genetic or other information. In the coming years, precision medicine will continue to grow owing to the rise in demand for customized treatments. A few of the most notable changes to expect in the industry are increase in genetic testing; technological advances in genetic testing; widespread use of precision medicine in oncology, cardiovascular, neurology, autoimmune disorders, and more; and the use of AI in precision medicine.

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This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats. Inside, we predict how each theme will evolve and identify the leading and disrupting companies.

The report covers the top 10 themes for 2024.

GE Healthcare
Johnson & Johnson
Intuitive Surgical
Mayo Clinic
Thermo Fisher Scientific
Guardant Health
ClearDATA Networks
Baxter International
Quest Diagnostics
Siemens Healthineers.

Table of Contents

  • 1. Executive Summary

    • 1.1. Artificial Intelligence
    • 1.2. AI Regulation
    • 1.3. Precision Medicine
    • 1.4. ESG


    • 1.5. Inflation
    • 1.6. Remote Patient Monitoring
    • 1.7. Digitalization
    • 1.8. Cybersecurity
    • 1.9. Robotics
    • 1.10. China

  • 2. Glossary
  • 3. Data Sources
  • 4. Further Reading
  • 5. Our Thematic Research Methodology
  • 6. About GlobalData

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