New report highlights innovations poised to have significant clinical and market impact
LONDON, May 22, 2024 /CNW/ — Clarivate Plc (NYSE:CLVT), a global provider of innovative intelligence, today announced the release of its 2024 Medical Technology to Watch report. In the first of a two-part series, he provides a comprehensive predictive analysis of the high-growth medical technology market, which has the potential to create more than $1 billion in value or achieve double-digit growth within the next five years. Offers.
(PRNewsfoto/Clarivate Analytics)
The report highlights areas where significant investment is needed. Clarivate's medical technology analysts identify five technologies that will drive substantial clinical and commercial value in devices and diagnostics this year. These innovations hold tremendous potential for patients and have the potential to complement or replace traditional drug therapies and biochemical solutions.
April Chang-Tsui, director, MedTech Insights, Life Sciences & Healthcare at Clarivate said, “Despite the challenges of the past five years, the medtech industry has shown remarkable resilience and driven groundbreaking innovation. Backed by deep industry expertise and robust data, this report highlights recent breakthroughs that have the potential to significantly improve patient outcomes. These innovations represent the forefront of medtech's path to extraordinary impact.”
Here are five medical technologies to watch in 2024.
Pulsed field ablation device
Pulsed-field ablation (PFA) has emerged as a promising treatment for atrial fibrillation (AF) and has received significant attention from the cardiac ablation community. Because PFA uses electrical pulses rather than heat, it is useful for electroporating the myocardium without collateral damage to normal heart tissue. Compared to established treatment options, PFA has significantly lower recurrence rates, shorter treatment durations, and higher success rates.
diabetes care equipment
Diabetes treatment technology is poised for significant growth in the near future due to continued advances. Apart from these developments, significant activity is also underway in the development of alternative treatment options for diabetes management, including new drug therapies and medical procedures that are likely to impact the growth of the diabetes treatment technology market in the coming years. .
nerve stimulator
The multi-billion dollar implantable neurostimulator market is expected to grow as new and existing competitors expand the range of indications they can treat and introduce new devices with improved designs and longevity. The hypoglossal nerve stimulator (HGNS) market in particular is experiencing rapid growth and is expected to outstrip most other neurostimulator markets in the coming years.
surgical robotics
Surgical robotic systems are revolutionizing the medical field, providing surgeons with better visualization, increased precision, and better ergonomics. These systems go beyond simple robotic systems, providing a platform for minimally invasive surgery that benefits both surgeons and patients. Despite being considered a disruptive technology, robotics is becoming more and more common. For example, in the field of orthopedics, all major companies now offer robotic systems, but they had to do so to remain competitive with their established peers.
Kidney denervation
The hypertension management market will regain momentum with the dawn of the long-awaited era of renal denervation (RDN) technology. 2023 was an eventful year, with the US approval of devices from Recor Medical and Medtronic that will impact the hypertension management market in 2024 and beyond.
story continues
Exciting technologies are emerging in the medtech space, but the industry is rapidly changing due to the relocation of service locations in the important US market, global supply chain disruptions, the rise of GLP-1 receptor agonists, the rise of AI/ML, We are facing challenges such as rapidly changing technology. Policy landscape. These challenges will be addressed in Part 2 of the Medical Technology Trends to Watch report.
Read Clarivate’s full “Medtechs to Watch in 2024” report here.
For updates and analysis on notable medtechs throughout the year, visit our Notable Medtechs webpage and follow Clarivate Life Sciences & Healthcare on LinkedIn. X. Join the conversation using #MedicalTechnologiesToWatch.
Learn more about how Clarivate can help medtech companies evolve their commercialization strategies and answer new types of business questions by gaining actionable medtech insights across the R&D lifecycle.
methodology
To identify this year's hottest medical technologies, Clarivate draws on the expertise of more than 40 analysts covering more than 80 medical device markets in more than 50 countries around the world, as well as the R&D and commercialization lifecycle. Leveraged integrated medical technology intelligence datasets across, and other industries. Sources such as company press releases, financial statements, and peer-reviewed publications. Clarivate's proprietary data and solutions include Medtech 360, commercial targeting (Procedure Finder/Healthbase), tracking tools (Marketrack/PriceTrack), Cortellis Competitive Intelligence™ and Cortellis Deals Intelligence™, and other real-world data analytics (claims data and government data). analysis.
Clarivate analysts leverage our new Data Explorer application to highlight markets with a projected total market value of $1 billion or more by 2028, or high-value, fast-growing markets. did. Clarivate's experts and analysts determine the individual We evaluated each medical technology in context.
About Clarivate
Clarivate™ is the world's leading provider of innovative intelligence. We provide rich data, insights and analytics, workflow solutions, and expert services in academia and government, intellectual property, life sciences and healthcare. For more information, please visit www.clarivate.com.
Media contact:
Luna Ivkovic
External Communications, Life Sciences & Healthcare
newsroom@clarivate.com
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Source Clarivate Plc
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