Ten high growth potential medical device innovation technologies
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A recent study listed 10 medical technologies with huge growth potential, with a market valuation of $454.3 billion. These include:
1. Imaging diagnosis, including nuclear medicine imaging, interventional radiology, and capsule endoscopy;
2. Drug delivery technology;
3. Molecular diagnosis, spanning nanotechnology and proteomics;
4. Mobile assistive technology;
5. Minimally invasive surgery;
6. Microfluidics and MEMS;
7. Non-invasive monitoring (continuous blood glucose monitoring);
8. Biomaterials (including antimicrobial wound care techniques and orthopedic materials);
9. A biologically active implant, such as a nerve stimulation device;
10. Telemedicine.
Among them, about 2/5 ($177.8 billion) in market share comes from medical diagnostic technology. Drug delivery equipment also has a market share of approximately $110.8 billion. This report examines the medical market from March 2009 to March 2014.
The fastest growing segments of medical devices include biomaterials, telemedicine technology, MEMS, microfluidics and mobile assistive technologies. Among them, biomaterials have the strongest growth potential due to their large market share. As of 2009, the biomaterials market totaled $46.6 billion. By 2014, the market is expected to increase to $85.5 billion. The biomaterial market for antibacterial wound dressings is the fastest growing segment. In 2009, antibacterial wound dressings are expected to reach $330 million. By 2014, it is expected to grow by $780 million.
In the healthcare industry, the combination of medical devices and imaging technology with IT has also brought significant growth.