Medical Devices and Imaging
TechVision’s Medical Device and Imaging (MDI) technology cluster profiles technology innovations, tracks emerging trends and practices across the many segments within the MedTech market. Specifically, the MDI group captures technological advances associated with medical devices, clinical diagnostics, medical imaging, patient monitoring, surgical techniques and health information technology..
What sets the MDI group apart from other innovation profilers
The analysis is founded on strong primary research, during which the analysts directly interact with innovators and executives. This interaction helps MDI keep abreast of market developments, trends, and opportunities, and proves to be invaluable while providing clients with the right mix of technical and strategic intelligence.
While the industry interaction certainly includes the Tier 1 companies and the Movers and Shakers of the healthcare market, MDI also digs deep and take notice of pre-commercialization technologies. Conversations with academia laboratories and research organizations give MDI the vantage of looking at what the industry can be, rather than merely what it is.
Given the interdisciplinary and collaborative nature of the healthcare industry, MDI’s technology radar is attuned to picking up innovations in medical device technologies, as well as innovations in enabling platforms such as biosensors, biomaterials, micro- and nanotechnologies, wireless communications, analytics tools and so on.
Value Proposition
Medical Devices and Imaging has undertaken several customized research and advisory engagements for MedTech companies, technology developers, research institutes and various other stakeholders. The MDI cluster works closely with analysts and consultants from adjacent technology groups to provide clients with comprehensive advisory services.
Key Questions of Clients
Whom should I partner with?
What is the National Roadmap and what are the best practices adopted by other countries?
What are the R&D areas I should focus on?
What is the opportunity for the technology in 5 to 10 years?
What are the attractive markets for my technology?
What are the technologies I should invest in?
Who are my competitors and what are they doing unique?
Which region should I gain entry?
Engagement Types
- Assessment of R&D portfolio
- R&D management
- IP Consulting
- Technology investment Opportunities
- Evaluation of funding initiatives
- Merger and acquisition opportunities
- Identification of strategic alliance partners
- Technology Roadmap
- Market Opportunity analysis
- Competitive intelligence
- Evaluation of nation innovation indicators and country’s best practices
- Technology and patent valuation
- Business model innovation
Key Research Focus Areas
CASE STUDY
Technology & Market for Wound Healing and Bone Healing
The Client: Entrepreneurial Funding Organization in Europe
The Challenge: The client, an investor in early-stage companies, wanted to identify non-invasive and minimally invasive technologies for the healing of cutaneous wounds and bone healing.
The client wanted to gather intelligence to identify technologies and companies worthy of receiving funding.
Our Approach and Work
- We assisted the company by carrying out an in-depth analysis of the wound healing and bone healing space taking into consideration the market overview, emerging technologies, and the competitive landscape.
- We also carried out a risk assessment for each of these technologies to determine the potential investment option.
Outcome and Business Impact
Our strategic analysis and recommendations helped the client to understand and evaluate significant differences between the emerging technologies and identify those technologies which are highly innovative and disruptive.
Objective
The primary objective was to focus on identifying and analyzing emerging technologies which are highly innovative & have significant market potential.
Objective
Determine budding companies in Europe that have noteworthy technologies.
CASE STUDY
Market Opportunity Analysis of 3D Autofocus Systems in Super-Resolution Microscopes
The Client: An Organization Facilitating Technology Transfer and Commercialization
The Challenge: A client, a research organization, had developed an innovative 3D autofocus system for microscopy and was interested in understanding the opportunities for the technology in Germany. Frost & Sullivan was asked to conduct the study on opportunities for 3D autofocus system for the German Market
Our Approach and Work
- Primary Research: Interviews with market leaders and technology developers to gain an understanding of market dynamics, emerging trends, and applications, and gather market competition capabilities directly from the market participants.
- Literature Review/Desk Research: Involved assessment of potential applications for 3D Autofocus system for microscopy, growth drivers, industry challenges, demand assessment, competitive environment, and opportunity analysis.
- Decision Support Tool: The market attractiveness for 3D autofocus systems in Germany was assessed using a custom-developed market opportunity v/s competency matrix. The rating scale was applied, supplemented by a multi-criteria decision-making tool (analytics hierarchy process (AHP) for calculating criteria weight.
Outcome and Business Impact
- Outcome:
- Identified specific applications and market opportunities for 3D autofocus system in Germany.
- Recommended strategies to capitalize on market opportunities, such as partnerships and innovation ideas
- Business Impact:
- The outcome was leverage for formulating commercialization strategies.
Objective
Assessment of applications and opportunities for 3D autofocus systems in Germany under four markets considered for assessment.
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