Telepresence technology is accelerating medical device development while broadening and deepening relationships between medtech and customers

An expanding customer base, rapidly advancing technology and intense cost pressures are driving medtech companies to use surgical telepresence to cost effectively meet customer needs, enhance customer relationships, develop new products faster and empower healthcare providers to raise the standard of care.

By Daniel Hawkins, Avail Medsystems

The Avail Medsystems console brings remote experts into the operating room virtually. [Photo courtesy of Avail Medsystems]The medical technology medtech industry is relentlessly challenged to efficiently maintain growth, fund innovation, and provide an appropriate return to shareholders.  Over the last decade, this has become increasingly difficult due to myriad challenges resulting from rapid expansion in the number of sites of service, declining reimbursement, relentless pricing pressures and increasing technical complexity across the industry.

Throughout my 30-year medtech career, I have touched every aspect of the product …

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Digital health funding hits a low

[Image from National Cancer Institute/Unsplash]Rock Health analysts say the third quarter of 2022 brought low funding numbers that raise questions about the condition of the digital health market.

The report tallies digital health funding at $2.2 billion across 125 deals in the third quarter. This represents the smallest funding quarter in the sector for all of 2022.

On top of that, it’s the lowest quarter by dollars raised in digital health since the fourth quarter of 2019 ($2.1 billion).  Overall funding took a freefall, dropping 48% between the second and third quarters.

Researcher Mihir Somaiya led the report with help from Adriana Krasniansky, Megan Zweig and Bill Evans. According to the researchers, 2022 year-to-date funding totals $12.6 billion across 458 deals. They now have doubts that the 2022 total can reach half of last year’s spoils of $29.2 billion.

There have been some big digital health deal announcements, though. Amazon m…

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How CGMs can inspire lifestyle changes

Dexcom G6 transmitter

As an early adopter of fitness trackers such as the FitBit, I’ve long appreciated the power of health data. But my recent experience with a continuous glucose monitor (CGM) has done far more to inspire me to look after my health — even as a nondiabetic.

I had heard about the potential of such technology before from the cardiologist Dr. Eric Topol, who serves on the board of Dexcom (NASDAQ:DXCM), and the entrepreneur Tim Ferriss, who has discussed using the technology as a non-diabetic to optimize weight loss and muscle gain.

But I have only recently had the chance to evaluate CGM as part of Dexcom’s “Hello Dexcom” sample program that enables patients to try out the company’s G6 CGM at no cost. The goal of the program is to increase awareness among healthcare providers and consumers.

Get the full story from our sister site, Drug Delivery Business.

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