Medical technology
The World Health Organization defines health technology as the application of organized knowledge and skills in the form of devices, medicines, vaccines, procedures and systems developed to solve a health problem and improve the quality of life. This includes pharmaceutical products, devices, procedures and organizational systems used in health care.
Medical technology, or “medtech”, covers a wide range of health care products and is used to treat diseases and medical conditions that affect humans. These technologies are aimed at improving the quality of health care delivered through an earlier diagnosis, less invasive treatment options and the reduction of hospital stays and rehabilitation times. Recent advances in medical technology have also focused on cost reduction. Medical technology can widely include medical devices, information technology, biotechnology and health care services.The impacts of medical technology involve social and ethical problems. For example, doctors can search for objective information about the technology instead of reading subjective reports from the patient.
An important driver of the growth of the sector is the consumerization of Medtech. Supported by the wide availability of smartphones and tablets, providers can reach a large audience at low cost, a trend that will be consolidated as portable technologies spread throughout the market.
In the last 5 years until the end of 2015, risk financing has grown by 200%, allowing US $ 11.7 billion to flow into health technology businesses from more than 30,000 investors in the space. Over-reliance on the use of technology at every step of the treatment process can generate serious financial burdens for families and individuals.
Medical technology, or “medtech”, covers a wide range of health care products and is used to treat diseases and medical conditions that affect humans. These technologies are aimed at improving the quality of health care delivered through an earlier diagnosis, less invasive treatment options and the reduction of hospital stays and rehabilitation times. Recent advances in medical technology have also focused on cost reduction. Medical technology can widely include medical devices, information technology, biotechnology and health care services.The impacts of medical technology involve social and ethical problems. For example, doctors can search for objective information about the technology instead of reading subjective reports from the patient.
An important driver of the growth of the sector is the consumerization of Medtech. Supported by the wide availability of smartphones and tablets, providers can reach a large audience at low cost, a trend that will be consolidated as portable technologies spread throughout the market.
In the last 5 years until the end of 2015, risk financing has grown by 200%, allowing US $ 11.7 billion to flow into health technology businesses from more than 30,000 investors in the space. Over-reliance on the use of technology at every step of the treatment process can generate serious financial burdens for families and individuals.
