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ISSN 2063-5346
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THE FUTURE OF MED-TECH START-UPS: ADVANCEMENTS AND OPPORTUNITIES

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K Shree Jayaram, Dr. JaiGanesh, Dr. Sanjana M R, Dr. Dhanaraj Ms. Archana Dr.P Ponmurugan
» doi: 10.31838/ecb/2023.12.s2.211

Abstract

The healthcare industry is undergoing significant changes due to technological advancements, with Med-Tech start-ups at the forefront of this transformation. This article explores the past and future of Med-Tech start-ups and their contributions to the healthcare industry. The past has seen a steady increase in the number of Med- Tech start-ups, with a focus on developing innovative healthcare solutions. However, the future is expected to bring even greater growth, with a five-fold increase in the number of start-ups predicted by 2030. This growth is being driven by advances in technology, a growing demand for healthcare solutions, and increased funding for start-ups. The opportunities for Med-Tech start-ups are vast, including the development of AI-powered healthcare solutions, wearable devices, virtual and augmented reality, and robotics. Med-Tech start-ups are wellpositioned to address the challenges facing the healthcare industry, including an aging population, increasing chronic diseases, and the need for remote healthcare solutions. As the industry continues to evolve, Med-Tech start-ups are expected to play an increasingly vital role in improving patient outcomes and reducing healthcare costs.

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