Next-gen Medical Devices

Pushing the envelope in MedTech with emerging technologies

Overview

Next-generation medical devices combine medical equipment with software platforms that leverage emerging technologies to offer new features and functionalities that support patient diagnosis, treatment, and monitoring. These technologies include AI, machine learning (ML), virtual reality, robotics, advanced mobile and web technologies, and sophisticated sensors. 

These neo-medical devices are also becoming smarter and smaller due to improvements in computing power. Compared to legacy devices with limited functions, these medical devices seek to offer enhanced security and safety, improved clinical workflow integration, data management automation, and patient experience. 

Next-gen medical devices can broadly be categorized into diagnostic, treatment, and monitoring devices based on their use cases. Next-gen diagnostic devices support precise diagnosis and early disease detection by leveraging tech like AI, nanobots, and the internet of medical things (IoMT) to capture patient data and provide enhanced insights into a patient’s health within a clinical setting. Next-gen treatment devices, including surgical and non-surgical devices, use advanced technologies such as AI, robotics, and bioimplants to enable personalized care and minimally invasive treatment delivery to ensure improved clinical outcomes while reducing medical errors. Further, next-gen monitoring devices, which are often interoperable and integrated into health systems, monitor patients’ vital signs noninvasively and continuously to ensure timely action in a hospital setting, using tech like IoMT, ML, and smart sensors.

*Note: Additional sections (such as market sizing, detailed overview, and incumbents) can be provided on request.

Use cases


Next-gen medical devices are being deployed primarily in the healthcare sector to enable use cases like robotic-assisted surgeries, patient monitoring, diagnosis, and treatment. Software that enhances medical devices—often known as software-as-a-medical-device—has seen recurring use cases in automating laboratory workflows. 

In addition to healthcare, next-gen medical devices are being used in other industries, such as education, or in elements of the public sector, like correctional facilities to enable training and monitoring. 

We have identified key Next-gen Medical devices use cases below:

Market Mapping


Incumbents
Growth
Early
Seed
Pre-Seed
Diagnostic devices
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Surgical devices
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Non-surgical devices
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Monitoring devices
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Software as a medical device
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Microtransponder
Microtransponder
Microtransponder
Microtransponder
Microtransponder

The Disruptors


Funding History

Notable Investors


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