Ms Jessica Gomez, Founder & CEO – Rogue Valley Microdevices | Topic: Smart MedTech: Healthcare and the Quest for Innovation
How will the personalized care model shape the MEMS industry? The global medical device market is growing by the hundreds of billions of dollars. In the United States alone, the market is projected to grow to USD$120 billion by 2022. This rapid growth is multifaceted and interconnected. As awareness in personalized healthcare grows, medical device manufacturers are responding with new products. The enabling technology companies – such as MEMS suppliers – are providing the components that will make this possible.
As Smart MedTech builds momentum in an environment that is heavily influenced by public policy, big challenges loom ahead. Device manufacturability, a complex and sometimes fragmented supply chain, and the convergence of seemingly unrelated disciplines such as electrical engineering, mechanical engineering, chemical engineering, and bioscience have the potential to slow progress. What role can the MEMS industry play in speeding the road to commercialization? And how will sector-specific certifications/requirements affect the pace of manufacturability in Smart MedTech?