European investment firms are playing a major role by contributing more to MedTech
The omnipresence of technology has motivated us to use more medical devices not only for diagnosis but also as preventive health measures. All this would have seemed impossible a few years back, but the constant growth in MedTech has now made it a reality.
Many organizations have been working towards making affordable technology that can be implemented for improving the current health sector. It is estimated that the MedTech industry as a whole would grow to 594 billion USD by the year 2024.
Europe is the second largest region after the US which has shown substantial growth in the field of MedTech. There were more than fourteen thousand patent requests in the continent which is one the strongest reason for MedTech to grow.