Medtech and Medical Device Outlook for 2024

This report provides an outlook for the medtech and medical device industries for the year 2024 and beyond. It outlines the significant trends impacting these sectors, including the rapid growth of medtech driven by technological advancements such as automation, artificial intelligence, and digital therapeutics. The report discusses how the COVID-19 pandemic initially disrupted the industry but ultimately acted as a catalyst for accelerated growth. It highlights the expected market valuation of medtech, projected to reach $800 billion by 2030, and the medical device market's anticipated global revenue of $595 billion in 2024. The report also details six key medtech trends and eight medical device trends that are shaping the current landscape, including a focus on healthcare access equity, sustainability, and the integration of generative AI in healthcare processes. Overall, the report emphasizes the evolving commercial landscape and the opportunities for innovation within the medtech sector.