Medical Devices

Over the past decade, wearables have progressed from a niche curiosity on the fringes of the consumer electronics sector, to being a key strategic element for many of the largest technology companies in the world. The total market for wearable technology products has doubled in annual revenue since 2015, generating nearly $80bn in revenue in 2020. However, with momentum, product trends, and focuses shifting all the time, it is important to stay ahead of the competition and consider the trends which will drive the sector over the coming years and decades.

The development of new technology often creates new opportunities to provide value to customers in new products. Electronic textiles have hundreds of potential use cases, many of which are being explored by different companies around the world. So where is the "killer app" for e-textiles?

While technologies are emerging for cities to be independent in food, water and energy, safe and pleasant, progress is mostly poor and global warming threatens migrants overwhelming cities. By all means, let us see the smart city advances take place that are in the IDTechEx report, "Smart Cities Market 2021-2041: Energy, Food, Water, Materials, Transportation Forecasts", but it would be prudent to try to reverse the move to cities that the UN and others see resulting in 70-80% of us in them by 2050.

3D printing offers an efficient method to improve current manufacturing limits across economic sectors such as transport, construction, and medical and dental industries allowing rapid prototyping and on-site production and repairs.

The biggest trends in CVD management currently revolve around remote patient monitoring (RPM), which enables the patients' health to be examined from a distance.

Although the COVID-19 pandemic has interrupted the 3D printing sector and its end users (such as printing bureaus), new directions of travel have nonetheless emerged. Some opportunities have even been directly prompted by the pandemic.

Given the considerable impact that CVD has on many people's lives, it is no surprise that the demand for solutions is exploding. IDTechEx Research found that the market for cardiovascular disease technology will exceed $40 billion by the year 2030.

Telehealth has been poised to disrupt healthcare for many years, but unfortunately has faced a slow rise in adoption. This has changed in the COVID-19 crisis.

In its recently published report "Innovations in Robotic Surgery 2020-2030", IDTechEx forecasts that the robotic surgery market will reach over $12 billion by 2030. The report breaks down the market landscape and emerging technologies in the field of robotic surgery.