Medical technology is one of the most disruptive pieces of the engineering landscape today. We observe a rapid change due to technological advances which every medtech company tries to apply to Medtech solutions. So, what is Medtech today and how does it impact the public and private medical sector?
Paweł Zieliński – Marketing Manager Consonance
What is Medical Technology?
Healthcare needs to be as personal and democratized as humanly possible. These two trends shape the process of investments and technology requirements for upcoming medical products. Covid-19 pandemic revealed that in some circumstances public healthcare is put to the test, from which it is not always possible to emerge victorious. That’s why medical technology is rapidly evolving in the area of telemedical solutions, both hardware and software oriented. But before going forward let’s explain some basics and answer the subtitle question. Medical technology are solutions, products and services which together build an environment shaped to save, help and improve lives.
What are medtech products and services used for?
The healthcare business uses this area to link patient care and technology. All of the instruments, tools, and equipment used to diagnose and treat patients are provided by MedTech. The diagnostics and in vitro diagnostics (IVD), or laboratories and pharma/biotech level, are included into the medical devices. An instrument, equipment, appliance, software, implant, reagent, substance, or other product can be considered a medical device. The medical equipment ranges from straightforward bandages, dental floss to devices like thermometers, catheters, and wheelchairs to sophisticated MRI scanners, CT scanners, PET scanners, and laser equipment. Medtech offers many forms of support and goes along with patients through all phases of the patient lifecycle. We can extract five areas where Medtech applies:
Early detection methods, for instance, can help in the prevention of sickness, injury, or other disorders. Example: Prevlly
The findings of diagnostic tests assist in determining a specific ailment, how it developed, and the best strategy of therapy. Example: Oniry
Patients can monitor the state of an illness or chronic condition with the use of medical technology. Example: Preganbit Pro, Cardiomatics
Patients can recover from illnesses and traumas thanks to medical technology, which also treats chronic conditions. Example: Tru Plus
Throughout the whole care continuum, medical technology is used to speed up recovery and maintain patient health. Example: Serenity Belt
What does a medical device company do?
MedTech solutions are designed and developed under a strictly regulated market. A medical device is a highly developed combination of hardware, software, or service that is sold by pharmacies or clinics and is given a specific class of medical device during the certification process. It is distinct from other commonly available gadget-like devices. The whole prototype, production, and market implementation process for healthcare products is regulated and necessitates a multitude of tests and analysis to assure safety and accuracy.
It’s very important to hire experienced people due to project complexity triggered by mentioned regulatory challenges. Medical device manufacturers are expected to establish, document, implement, maintain, stay updated, and improve a Quality Management System that guarantees compliance with this Regulation in the most equitable way and in a direction that is relative to the risk class and the type of device, as stated in article 10 of the Medical Device Regulation. If you’d ask a Medtech startup founder what gives sleepless nights you would learn that they are most concerned about funding and medical regulation.
The most effective way to connect dots in the medical device development process is to hire a medical device company that covers a process of ideation, prototyping, engineering, manufacturing, project managing and consulting in the area of MDR / IVDR under one roof.
Medtech impact on society
Medical innovations have the potential to save lives, enhance health, and contribute to long-term healthcare. Each advancement in the industry adds value to patients, healthcare professionals, healthcare systems, and society through breakthrough equipment and diagnostics. It also creates a significant area for skills development and innovation implementation which are drivers of economic growth.