The medical device industry to reach a worldwide value of $800 billion by 2030!

The importance of the medical device industry in the pandemic: “Our sole focus is to support the uninterrupted service of the health system. Moving the ‘price’ focus to the ‘value’ focus…” Elif Özman Pusat, General Secretary of Association of Research Based Medical Technologies Manufacturers (ARTED), explained how the medical device industry served during the pandemic and how sustainability was ensured.

Medical devices are of great importance for a common future in health
Stating that 18 ARTED member companies, which employ 2,600 highly qualified employees in Turkey, act to meet the medical device needs of the health sector, General Secretary of ARTED said that they will continue to provide all kinds of support to the sector.

Pusat said the following on the subject, “In Turkey, we represent a very important global experience and know-how in terms of medical technology with our member companies. We share this knowledge and experience with our country’s decision makers and health professionals at any time. ARTED member companies have a common passion: “Our country’s people reach innovative medical technologies”. Our aim is to expand the access to new products, information and technology that will facilitate and increase the access of patients to health in Turkey, as well as the development of the innovative and high-tech oriented medical device industry in Turkey.”

The future of healthcare technologies is data-driven digitalization
Recording that technological developments and innovation are the basis for the future of the medical device industry, which is estimated to grow by 5.2% annually on average and reach $800 billion worldwide in 2030, Pusat continued as follows, “The product life cycle is as short as 18 to 24 months on average, In other words, the primary goal of the medical device industry, which has a high innovation rate, is to improve patient outcomes and increase efficiency and quality in healthcare. For this purpose, our sector is the second sector that grows in parallel with scientific and technological developments and accordingly, manufacturers make the second highest investment in R&D after the pharmaceutical sector. Diagnosis and therapies based on brand new medical device technologies are being developed around the world and these therapies are being implemented. The concepts such as innovative surgical interventions like robotic surgery, production of artificial organs with 3D printers, remote patient monitoring with wearable technologies, DNA nanorobots and artificial intelligence scanners, decision support and disease management systems, personalized treatment, digitalization, big data and data management are becoming the building blocks of the medical device and healthcare industry in the future.”


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