5 trends that could affect medtech in 2018

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3. Regulation is here to stay

Early Metrics regulation

[Image courtesy of Early Metrics]

The advent of companies connecting their devices to mobile apps and the cloud will necessitate greater consideration and discussion of cybersecurity risks.

Specifically, E.U. regulators are working on an overarching standard — the MDR — that’s replacing existing medical device directives, which have been in place since the 1990s. If anything, regulation is scheduled to get even more complex in 2018, with GDPR restricting further access. Whilst this is a necessary requirement for the sensitivity regarding healthcare data, it needs to be better simplified or unified by industry bodies.

With further regulation imminent this year, startups will become vital in introducing simplified, value-driven data processing.

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