By using big data technology along with machine learning and artificial intelligence, healthcare industry can make accurate decisions, significantly improve operating efficiencies, and do away with unwanted costs.AI: The Next Digital Frontier
Unlike legacy technologies that are only algorithms and tools that complement a human, health AI today can truly augment human activity taking over tasks that range from medical imaging to risk analysis to diagnosing health conditions.
The MedTech companies would be well advised to plan their transformation journey while the going is still good.
A new era of healthcare transformation is set to disrupt the MedTech industry.
The Indian healthcare industry faces many challenges and will perhaps continue to do so. But whatever the challenge, MedTech provides the solution, delivering life-changing innovations to patients at great value.
A huge wave of consolidation crashed over the MedTech industry in 2014 and early 2015. While megamergers are still occurring, with luck the immediate future will bring a steady stream of smaller tuck-in M&A deals too. In combination with an increase in FDA approvals for innovative devices, these trends should reward the companies developing the best and most useful technologies.
The CII-BCG Team shows what it shall take India to traverse the path to a USD 50 billion opportunity and gain a prominent position in the global medical MedTech market.