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Digitization of Medical DevicesDecember 2019
These are the snippets from our report on Medical Devices Industry Trends and Opportunities for Technology Service Providers (TSP)
CLICK HERETo access the full report
Source : DRAUP
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Source: Draup
Ecosystem & Digitization Framework01
Key Digitization Themes02
AGENDA
Service/ Solution/ Partnerships/ Opportunities04
Recommendations05
Topics Covered• Overview• Digitization Themes• Medical Devices Technical Stack• Start-ups across digitization themes• R&D Spend by companies• R&D share by geography
Company Deep-dive03
Topics covered in the Snippets Report
Topics covered in the Full Report
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Source: Draup
Major Players
Note: Analysis is based on the DRAUP’s proprietary engineering database, updated in November 2019
Primary and secondary research sources have been used to align the Digital use-cases enablers and themes
Early Detection of Diseases
Increasing access to care and decreasing healthcare delivery costs
Tailoring medical decisions according to the patient’s response or risk of disease
Detecting chronic diseases prior to their progression to decrease patient fatality
Problem Statement
Solution Providers
Digital Solutions
Digital Outcomes
Targeted Personal Care Remote Patient Monitoring
• Electronic health Records
• Point-of-Care Diagnostics
• Personalized Implants
• Precision Medicine
• Drug Delivery System
• Robotic Operations
• Telehealth
• Smart Pills
• Smart Monitoring Devices
• Fitness Trackers
• Medication Adherence System
• Computer-aided Diagnostics
• mHealth1
• Wearable
• Anomaly Detection
• Preventive Care
AI/ML Platform Electronic Health Records Connected Health Devices Big Data Mobile Apps
Overview: Medical Device companies are providing data backed anomaly detection and remote monitoring solutions to deliver personalized care and targeted treatments
1. mHelath: mobile Health
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Source: Draup
➢ Digital revolution has paved the way to collect data from each patient remotely and analyse it using AI based algorithms
➢ It increase communication between healthcare professional and patients especially those who are chronically ill, elderly or premature children
Advantages
• Sensors for monitoring essential vital signs such as ECG reading, heart rate, blood pressure, temperature, blood glucose levels etc
• Monitoring proper adherence to medical regimen with edible sensors and smart pill boxes
➢ Interaction of various diseases with one another has made patient’s anatomy unique and more complex
➢ Personalized and targeted care is essential to understand and accurately treat a disease with better patient experience
Advantages
• Targeting the specific genes which can in-turn cure or decrease the progression of a disease
• Manufacturing unique implants/prosthesis using 3D printing technology according to patient’s needs
Digitization themes: Connecting critical applications, devices, and technologies—all highlyinterdependent—and ensuring that they communicate to each other is vital for a successful digital implementation
Note: Analysis is based on the DRAUP’s proprietary engineering database, updated in November 2019
Primary and secondary research sources have been used to align the Digital themes and use-cases
Personalized Care
Remote Monitoring
Early Diagnosis and Detection
➢ Rapid and accurate identification of the symptoms underlying the disease is one of the most important steps leading to its successful cure
➢ Early diagnosis can help in decreasing the clinical onset of rare and complex diseases thereby enhancing the quality of life
Advantages
• Using software to analyse the medical images for detection of even smallest changes
• Gene profiling for identifying mutated genes which might be inherited
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Source: Draup
Remote Monitoring
Personalized careEarly Diagnosis and Detection
Note: Analysis is based on the DRAUP’s proprietary engineering database, updated in November 2019The illustrated list of companies is not exhaustive
Tech Stack: For connectivity and data enablement of medical devices, companies are reaching out to niche and full stack solution providers to accelerate solution deployment
Ap
plic
atio
ns
Infrastructure Security
Predictive Analytics
mHealth Apps
Artificial Intelligence/Machine Learning
Data management and Analytics Platforms
Connectivity Big Data
Pla
tfo
rm
Wearables
Co
mp
on
ents
&
Har
dw
are
Smart Pills/BoxesSmart Monitoring DevicesImaging Devices
Cloud
Network
1. EHR: Electronic Health Record
EHR1/EMR Personalized Implants Genomics
Medication Adherence Systems Telehealth Remote Monitoring
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Source: Draup
Start-ups: Start-ups are major enablers of digital medical devices through their niche capabilities in the areas of teleHealth, Anomaly detection, precision medicine etc.
Personalized Care
Remote Monitoring
Early Diagnosis and Detection
Develops clinically approved genetic tests for assessing and providing preventive care for people with cardiovascular diseases
Anomaly Detection
Uses AI and advanced analytics to turn the data from lab tests and into predictive engine helping pharma firms to detect diseases early
Preventive Care
Analyze ECG, respiration, and motion data and deliver automated reports to physicians for early detection of cardiac arrhythmias
mHealth
Develops AI software to capture and interpret medical images from ultrasound exams at the point of care
Computer-aided Diagnostic
Provides electrophysiology technology solutions for cardiac imaging enabling personalized and adaptive approach to therapy
Personalized Therapy
Developing technology to trigger the body’s own natural blood flow regulation system for the treatment of high blood pressure and heart failure
Drug Delivery System
Develops proton therapy systems for use in radiation treatment for cancer patients with its HYPERSCAN pencil beam scanning solution
Precision Medicine
Manufactures proprietary implantable ophthalmic devices to improve vision of individuals with untreatable retinal disorders
Personalized Implant
Creates wearable biosensors for use inpatient and outpatient settings like hospital monitoring, post-discharge care and cardiac monitoring etc.
Smart Device
Uses AI platform for monitoring patient’s treatment progress by measuring changes in facial expression using computer vision and facial recognition
Telehealth
Makes digestible sensors for smart pills that can be used to tell a smartphone app whether patients have taken their medications
Smart Pills
Develops wearable physiology monitoring device to provide integrated solutions with connected hardware
Wearable
Note: The above analysis is based on the DRAUP’s proprietary database and insights from industry stakeholders and secondary research, updated as on November 2019
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Source: Draup
R&D Spend: Top R&D spenders are majorly focused on developing analytics platforms and computer-aided diagnostic solutionsapart from their regular product development initiatives
$35 - 37 Bn
Total R&D Spend (2018)
R&
D S
pen
d (
in B
n)
Medical Devices companies
~62%R&D spend contribution by Top 5 R&D spenders
~28.5%Next 10 R&D spend
contribution ~9.5%R&D spend contribution by Rest
of the Companies
Note: Analysis is based on the DRAUP’s proprietary engineering database, updated in November 2019
Approximately 40 Medical devices companies are analysed
Top 5 R&D Spenders (2018)
Vendor R&D Spend
Roche Diagnostics $10.5-11.0 Bn
Medtronic PLC $2.0-2.5 Bn
Abbott Laboratories $2.0-2.5 Bn
Johnson & Johnson $1.5-1.8 Bn
GE Healthcare $0.9-1.0 Bn
Insights
• Medical device companies are highly focused on delivering solutions leveraging artificial intelligence and advanced analytics to gain higher market share
• The market will continue growing with 3D printing, advanced monitoring techniques and other innovations
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Source: Draup
Rest of North
America
51%
Rest of Europe
15%
India
5%
78k – 80k
R&D Headcount
China
5%
Germany
8%
UK
3%
Bay Area
6%
Consolidated R&D Talent Footprint: Advancement of the healthcare ecosystem in North America and Europe demands sophisticated medical device solutions translated towards digitally enabled R&D workforce
Medical Devices R&D Footprint
• Medical Devices R&D is
consolidated in the United
States and is not very
globalised.
• Medical Devices OEMs
are not leveraging low-cost
talent hotspots like India
and China.
• Most of the hubs are
located in North America,
indicating that the decision
making is still governed
from the US
Hub Spoke AnalysisNorth America Europe APAC
59%
13%
28%
58%
16%
26%
33%
26%
41%
Outpost
Satellite
Hub
Insights
• Medical Devices R&D is consolidated in the United States and is not very globalized
• India and China are the emerging tech hotspots for medical device Companies as operating margins for medical devices are significantly high
• Most of the hubs are in North America owing to developed infrastructure, and adoption of new technologies, indicating that the decision-making is still governed from the US
Top
Players
(by R&D
presence)
Note: Analysis is based on the DRAUP’s proprietary engineering database, updated in November 2019
Japan
5%
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Source: Draup
AGENDA
Topics Covered• Early Diagnosis & Detection• Personalized Care• Remote Monitoring
Ecosystem & Digitization Framework01
Key Digitization Themes02
Service/ Solution/ Partnerships/ Opportunities04
Recommendations05
Company Deep-dive03
Topics covered in the Snippets Report
Topics covered in the Full Report
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Source: Draup
Early Diagnosis and Detection: Medical device companies are using wearable sensors and gene profiling techniques to detect even the minute symptoms for early detection of diseases
Computer-aided Diagnostics
Using software to analyze the medical images and automatically generate test reports
mHealth
Assessing chances of developing chronic disorders using data from health apps
Wearables
Collecting user’s vital signs using smart patches to detect earlier indications of diseases
Anomaly Detection
Knowing prevalence & severity of disease by comparing healthy and patient’s medical images
Preventive Care
Testing gene sequences for genetically- inherited disorders
Use-cases
Case-Studies
Major Players
Competitive Health is providing WellDoc’s diabetes management app ‘BlueStar’to its clients which captures blood-glucose related information from patient and transmit it to the doctor
Huami is integrating its smart watches and heart trackers with AliveCor’s heart care platform to bring new generation of medical functionality to wearable devices
Zilic uses ML algorithms to compare the healthy images with diseased images and automatically detect the disease
Note: Analysis is based on the DRAUP’s proprietary engineering database, updated in November 2019
Primary and secondary research sources have been used to align the Digital themes and use-cases
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Source: Draup
Focused ultrasound into the brain for treating Parkinson’s disease
Solution to providing in-hospital ECG and cardiac Event Monitoring
Computer-aided Diagnostics mHealth Wearables Anomaly Detection Preventive Care
Collaborations: Major players are partnering with tech giants and specialized start-ups to leverage their capabilities for technologically advanced solutions
Acquisition Investment Partnership Inhouse
Dynamic Imaging
Note: Analysis is based on the DRAUP’s proprietary engineering database, updated in November 2019
Get insights & early indication of immunotherapy response
Web-based image and information management
Develop innovative electrophysiology technologies
Creating connected device for diabetes management
Molecular diagnostic test to screen non-small cell lung cancer
Offering Abbott’s FreeStyle to people with Type 2 diabetes
Testing and tracking blood glucose level
Design solutions for diagnosis of cardiac problems, sepsis etc.
Provide allergy testing with Plushcare’s telemedicine service
Studying the genetic factors underlying infertility in women
Early detection of sepsis in critically ill patients
Connected solution for diagnosis of lung cancer
Creating app for diagnosis of sleep apnea in babies
Develop sensitive digital bio-marker for early detection of AD1
Diagnostic tests to detect lung cancer at its earliest stages
Detection of irregular heart rhythm with ECG app
1: AD: Alzheimer’s Disease
App for guiding patients before and post surgery
Diagnosis of periprosthetic joint infection
Gather and analyze patient-reported feedback with Apple watch
Developing advanced diagnostic solution for preventing post
surgery infections
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Source: Draup
Personalized Care: Companies are using 3D printing technology and Genomics to provide more targeted services with use cases like Personalized Implants and Precision Medicine
Electronic health Records
Keeping track of patient’s medical history to deliver targeted solutions
Personalized Implant
Using 3D printing to develop patient specific implants
Precision Medicine
Integrating genomic data with person’s medical record to deliver personalized solution
Drug Delivery System
Continuous monitoring and delivering of drug according to patient’s need
Robotic Operations
Tailoring surgical procedures according to patient’s need and anatomy
Use-cases
Case-Studies
Major Players
Hackensack Meridian Health is offering Mako System’s robotic arm which enables surgeons to personalize surgery according to patient’s anatomy
Johnson & Johnson has partnered with 3D Systems to leverage their 3D printing technology to manufacture personalized implants
Dexcom is offering Insulet’swearable device ‘OmniPod’ which is programmed to deliver insulin continuously into the skin
Point-of-Care Diagnostics
Deliver personalized services to patients with genetic disorders or chronic diseases
Note: Analysis is based on the DRAUP’s proprietary engineering database, updated in November 2019
Primary and secondary research sources have been used to align the Digital themes and use-cases
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Source: Draup
Electronic Health Records POC1 Diagnostics Personalized Implant Precision Medicine Drug Delivery System Robotic Operations
Collaborations: Major players have acquired various start-ups specializing in precision medicine and robotic operations to provide seamless patient experience
iSuite
Note: Analysis is based on the DRAUP’s proprietary engineering database, updated in November 2019
Acquisition Investment Partnership Inhouse
Cloud-based solution to save patient test results
Providing Corindus’ precision robotics platform
Suite of POC diagnostic instruments for primary care
Personalized solution for spine surgery
Solutions eliminating repetitive diagnostic testing
Data sharing and analysis network
Robot-assisted surgery platform
Using AI to diagnose large vessel occlusion strokes
Implants to deliver electrical signals to the spinal cord
Develop continuous insulin delivery pump
Oncology-specific EHR software
Developed Point of Care Testing solution
Develop analytics solutions for cancer patients
Develop investigational wearable infusion devices
EHR connectivity platform
Advanced minimally invasive robotic surgery suites
BrightMatter Plan software for whole-brain tractography
Create customized instru-ment for knee replacement
Use clinical data platform to improve the effectiveness of
medical devices
Veritor point-of-care diagnostic system
Manufacturing customized implants using 3D printing
Next generation tools in for single cell genomic analysis
BD Hylok Glass Prefillable Syringe
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Source: Draup
Remote Monitoring: Connected devices and sensor technology are enabling remote monitoring use cases like
fitness trackers and medication adherence systems
Telehealth
Distribution of health services through telecommunication technologies
Smart Pills
Monitoring medicine intake with pills equipped with edible electronic sensors
Smart Monitoring Devices
Monitor patient’s activity and effectiveness of the treatment through connected devices
Fitness Trackers
Tracking fitness-related metrics such as distance walked or run, calorie consumption, and in some cases heartbeat
Medication Adherence Systems
Ensuring proper adherence to medicine regimen using sensor enabled boxes and packaging
Use-cases
Case-Studies
Major Players
Dexcom and Verily co-developed continuous glucose monitoring patch using Verily’s miniaturised electronics platform and Dexcom’s sensor technology
Argentum has invested in AdhereTech who develops smart pill bottles which sends reminders on patient’s phone if a dose is missed
Henry Schein Medical is offering delivery of Medpod’s MobileDoc 2 telemedicine suitcase to remote locations via Uber Health
Note: Analysis is based on the DRAUP’s proprietary engineering database, updated in November 2019
Primary and secondary research sources have been used to align the Digital themes and use-cases
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Source: Draup
Telehealth Smart Pills Smart Monitoring Devices Fitness TrackersMedication Adherence
Systems
Collaborations: Major players are partnering with other medical device and healthcare firms to deliver fitness tracking solutions and medication adherence systems
Note: Analysis is based on the DRAUP’s proprietary engineering database, updated in November 2019
Acquisition Investment Partnership Inhouse
Using mobile telehealth services into an array of Philips solutions
Automatically dispenses medication at pre-programmed times
Cloud-based healthcare platform for gathering data
Pulse oximetry sensor for monitoring heart rate
Develop products for home dialysis and critical care
Connected Health technologies to collect and share health data
Timely delivery of medicine to patients
Remote, continuous health monitoring data platform
Enable patient access to video-enabled telemedicine platform
Digital medicines equipped with Ingestible Sensors
Integrate data from CGM device, activity tracker into one app
Develop app to enable doctors to monitor drug adherence
Advance remote heart monitoring technology
Develop medicines with ingestible sensors for patients with mental illness
Abilify MyCite digital pill with sensor embedded in tablet
Virtual diabetes clinic enabling patients to manage medication
Aggregate data from health-tracking wearable devices
Develop a medication adherence pilot project
Second-generation continuous glucose monitoring system
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Source: Draup
AGENDA
Topics CoveredKey activities and workloads aligned to digitization themes for following companies• Roche• Medtronic• Abbott Laboratories• GE Healthcare
Opportunities for Service Providers• Medical Device outsourcing overview• Service/solution providers key activities• Opportunity areas for solution/service
providers
Recommendations to Target Prospects
Ecosystem & Digitization Framework01
Key Digitization Themes02
Service/ Solution/ Partnerships/ Opportunities04
Recommendations05
Company Deep-dive03
Topics covered in the Snippets Report
Topics covered in the Full Report
CLICK HERETo access the full report
1818
Source: Draup
33INDUSTRIES
240,000+COMPANIES ANALYSED
3,000+DATA SOURCES
2,500+GLOBAL’ LOCATIONS
3,000+TECHNOLOGY SERVICE PROVIDERS’
PARTNERSHIPS ANALYSED
1,300+BRAINDESK REPORTS
About Draup
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Explore Accounts,
Executives, R&DLocations and
Ecosystem Insights
ACCOUNT INTELLIGENCE
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