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Medical Devices is one of the fastest growing industry segments in the Global Health and Wellness Industry. The estimate is that by 2014 Medical Devices would be a $450 billion industry. The demand for devices from emerging markets is increasing and the key segments that are contributing to this growing demand are Homecare, Monitoring and Diagnosis.

The Medical Device manufacturers continue to face challenges to meet the growth in demand from emerging markets, while continuing to serve the developed markets. Also regulatory compliances would become a key factor in the US markets with the changing norms for the FDA 510 (K) submissions.

Key trends include:

  • Increasing cost pressures on companies
  • Increased focus on preventive care
  • Investments in products/solutions for homecare, remote monitoring, tele-health and self-monitoring
  • Growth in developed as well as emerging markets
  • Changing operating models for R&D, supply chain, manufacturing and business models
  • Accelerating interoperability involving medical equipment and hospital systems

How KA SAP Solutions Help

Medical Devices sector is a strategic growth engine for KA SAP Solutions.