How digital technologies are reshaping the medical device industry

In a constantly changing world where virtual and physical environments are converging, ever-evolving digital technologies continue to disrupt the medical device industry. Besides, an uncertain environment, resulting from the ongoing COVID-19 outbreak has forced healthcare device manufacturers to adopt advanced technologies and tap into enormously growing medical device markets. At the same time, the increased connectivity between medical devices, physicians and consumers is necessitating OEMs to design and develop technologically advanced medical solutions. The digitization of manufacturing is, thus considered to be one of the core adjustments for healthcare manufacturers and OEMs to provide better patient care and remain competitive in the medical device markets. Advanced technologies like IoT, AI/ML, cloud, RPA, augmented and virtual reality hold a great potential to revolutionize the medical device manufacturing processes.