The UK has one of the largest medical technology (MedTech) sectors in the world.
With universities that continuously draw top talent from around the world and a long history of ground-breaking medical discoveries, it leads the world in research. The past decade has seen an enormous amount of growth in this area, with improvements in technology and growing demand for medical technology.
Supporting the NHS in its efforts to test, acquire, and disseminate cutting-edge technology is one of the UK’s Life Sciences Vision’s four major themes. This allows for the earliest possible integration of cutting-edge science and advances across the NHS and their quick adoption by the rest of the world. Medical technology has a wide range of applications and as the sector grows, we can expect it to change how doctors and nurses interact with patients and improve the overall quality of care.
Companies such as get-rekonnect.com create a bridge between MedTech and healthcare professionals, making them easier to use and increasing their range of applications. User management tools and workflow automation help to create a better connection between patients and their devices while also giving healthcare professionals the tools they need to get more out of them.
Areas for MedTech to Grow
In 2019, the UK government invested £2.7 billion in health research and development. More than 20% of the UK’s overall R&D budget. A lot of this funding has gone towards medical technology, as this is seen as a cutting-edge area of research.
In terms of total and per-capita funding, the United States leads all OECD nations in the field of health research, but the UK is currently in second place. The industry is ideally positioned to provide solutions that enable people to live longer and in better health. More funding and better research have allowed medical technology solutions to be developed across all areas of the healthcare industry.
MedCare has a wide range of applications including genomics, medical devices, diagnostics, and healthcare software. Genomics is the study of the human genome, and sequencing of the entire genome was completed in a collaboration between research groups in the UK, US, Canada, and New Zealand.
Understanding the human genome and the makeup of our DNA has led to new treatments being developed as well as the creation of precision medicine. Modern treatments can now be personalized based on patient genomes, and this use of genome data can become even more accurate in the future.
Medical devices now play a key role in treating many illnesses and conditions. Implantable devices such as insulin pumps and drug delivery devices offer treatment for a wide range of conditions. As medical technology improves, new uses for medical devices can be developed, allowing patients to mostly self-regulate their own condition and reducing the need for doctor-patient interaction.
Diagnostics and diagnostic imaging are key when it comes to treating patients. Doctors need to be able to accurately assess each patient in order to prescribe the right treatment. Diagnosis techniques have come a long way, but technology has the potential to further improve this field. Fast screening, at-home testing, and other innovations can lead to more cost-effective care and more accurate treatments.
Healthcare software is used for everything from storing patient information to AI analysis of images and diagnosis of conditions. This sector has a lot of room to grow and new medical software is being developed all the time. Using software to carry out tasks frees up the time of healthcare professionals, giving them more time to treat their patients. It can also allow patients to regulate their own conditions more easily and give them better peace of mind.