Blogs Top MedTech Trends in 2024

Top MedTech Trends in 2024

January 3, 2024

In 2024 the landscape of healthcare is set to undergo transformative changes, driven by cutting-edge advancements in medical technology. From enhanced patient care to streamlined diagnostics to the integration of artificial intelligence (AI) and machine learning for smarter diagnostics to the rise of personalized medicine, this coming year holds immense potential for improving patient outcomes and reshaping the healthcare experience.

Generative AI 

Artificial intelligence has been pivotal in revolutionizing the healthcare sector, but generative AI will be particularly important in 2024. According to a research done by Deloitte 66% of surveyed life science companies said that they are experimenting with generative AI to test ideas and to build use cases. These companies are exploring ways the technology could automate repetitive back-office functions, reimagine supply chains, or support compliance and regulatory affairs.

According to the Medtech Digital Innovation survey, more than 80% of medtech leaders state that their organization’s largest digital investments were going toward AI. 

Generative AI will make it easier to implement and interpret results and generate personalized recommendations. It will be able to create synthetic data that can be used to train medical AI algorithms without compromising patient privacy and more. Artificial intelligence will also play a critical role in interpreting vast amounts of datasets, potentially aiding in early disease detection. Improved diagnostic accuracy and faster decision-making processes will empower healthcare professionals to deliver more precise and effective care. 

Wearable health tech and Internet of Medical Things (IoMT) 

The Internet of Medical Things and wearable devices have been mentioned in previous years, but in 2024, they are expected to become even more popular, and wearable devices and trackers are expected to become more sophisticated. The next generation of wearables will not only monitor physical activity but also gather real-time health data, allowing for continuous health assessment. Their main benefit is that they provide healthcare providers with real-time health data and detailed information on their patient’s health conditions. IoMT enables a significant change in patients' awareness.

Augmented and virtual reality 

Augmented Reality (AR) and Virtual Reality (VR) are set to play an increasingly significant role in healthcare in 2024. AR can be used for healthcare professionals in two ways: education and training and diagnostics and treatments. These technologies allow healthcare professionals to immerse themselves in realistic simulations of surgical procedures, patient interactions, and complex medical scenarios. This hands-on training approach will enhance skills, improve decision making, and contribute to better patient outcomes. AR and VR can also be used to treat mental health problems and manage chronic pain. 

Bioprinting for organ transplants 

Bioprinting, also known as three-dimensional (3D) printing, is a technique used to develop many tissues/organs, such as the liver, skin, and heart. This technique is associated with printing structures using biomaterials, viable cells, and biomolecules. 3D bioprinting is an extended application of additive manufacturing (AM) that involves the layer-by-layer printing of biological tissues and organs and holds immense promise for organ transplants. 3D organ bioprinting is an emerging new interdisciplinary field that needs the cooperation of many fields of science and technology. In 2024, we expect to see advancements in bioprinting technology to bring us closer to the reality of printing functional organs for transplantation. While full-scale organ printing may still be in the early stages, incremental progress in creating tissue constructs and smaller organs is likely to be the focal point in 2024. 

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Hanna Taller

Hanna Taller is a content creator for PTC’s ALM Marketing team. She is responsible for increasing brand awareness and driving thought leadership for Codebeamer. Hanna is passionate about creating insightful content centered around ALM, life sciences, automotive technology, and avionics.

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