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EY Report Offers Advice For Medtech To Regain Its Pre-COVID Mojo

 
• By Reed Miller

The medtech industry’s overall revenue growth has slowed down in the last year along with a decline in M&A activity and venture spending in the sector, according to a new report from Ernst & Young. The authors proposed that to overcome those challenges, medtech should invest in a new health care system that is digitized, connected, and intelligent.

AI in health
• Source: Shutterstock

In a new Pulse of the Industry medical technology report – the 17th in the series – Ernst & Young (EY) consultants described the unique challenges facing the industry going into 2024 with some ideas about how the industry can regain the momentum it has lost in the last few years.

“The acceleration of digitalization across the industry with new advances in the power of data analytics – most notably demonstrated by the rise of artificial intelligence, including the breakthrough generative...

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