The medical device industry is currently valued at $389 billion, and it’s not hard to see why. The devices these industries create save lives in ways unprecedented in human history. But as health issues continue to flourish, how will the medical device industry keep up? By embracing data, medical device companies can improve patient care, make physicians’ lives easier, and collaborate and drive innovation.
Improve patient care through predictive analytics
One of the superpowers of data is predictive analytics, and medical device companies can take that superpower and use it to help patient outcomes.
Medtronic, a medical device company, recently collaborated with IBM to provide real-time glucose reports for patients with diabetes.
“The diabetes management system allows Medtronic to anticipate millions of data points; understand the potential links between glucose readings, drug administration, and lifestyle choices; and enable patients to make more informed decisions about their medication,” explained a writer at Verdict Medical Devices.
Another benefit of using data is that…
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