Andera Partners’ Post

2024 Medical Device Trends at a Glance: 1. Continued rise in digital therapeutics and at-home diagnostics 2. Growing use of biometric devices and wearable technology 3. The potential impact of weight loss drugs 4. Marketplace challenges within the European Union 5. Increased speed to market for medical devices 6. Greater emphasis on inclusivity and access 7. Greater focus on sustainability and environmental, social, and governance (ESG) 8. Generative AI opportunities in manufacturing and distribution

@Pitchbook's quarterly #medtech reports always offer an interesting look into what's coming next in healthcare and medical research. And the latest is no exception. Yes, medtech VC funding is down since earlier last year, but there is still funding available for startups in the later stages. For instance, one area that has been seeing a lot of attention recently is remote monitoring and patient care. Pitchbook points to brain interface device like those being developed by @Neuralink as a key area of interest (as evidenced by Neuralink's recent $323.2 million Series D), but other types of remote monitoring technology are seeing heightened interest as well. Case in point: @Vivalink's turnkey remote patient monitoring platform which is designed to take the complexities out of real world data capture. Its platform combines wearable sensors with a mobile patient app, AI-powered algorithms and a clinician portal to allow for full remote management of a range of conditions across cardiology, oncology, neurology and more.

Kestra Medical Technologies, a Kirkland, Wash.-based company that develops cardiac monitoring technology, raised $196 million to fuel commercialization efforts. Founded a decade ago, Kestra’s Wearable Cardioverter Defibrillator (WCD) has been used by more than 10,000 patients. The device provides autonomous detection and defibrillation for ventricular arrhythmias and is designed “specifically to meet the underserved needs of female cardiac patients,” according to the company. “With this funding, our team is ready to aggressively compete and accelerate our commercialization initiatives to transform the WCD market with our clinically proven system,” Brian Webster, president & CEO of Kestra Medical Technologies, said in a press release. Kestra’s system, which won FDA approval in 2021, can send an alert to Emergency Medical Services (EMS) operator after a defibrillation shock. It also features a remote care patient data platform. https://buff.ly/3YBkpk3 #wearables #wearabletech #wearabletechnology #internetofthings #AI #smartwatch #smartwatches #fitness #wellbeing #health #healthtech #digitalhealth #healthcareinnovation #healthcarewearables #sport #cardiology #sleep #medtech #healthmonitoring #healthtracking #smarttextiles #etextiles #sensors #virtualreality #augmentedreality #femtech #womenshealth #healthcare #startups #innovation #healthcareresearch #funding #investment #pharma #biotech #robotics #lifesciences #telehealth #telemedicine #ai #artificialintelligence #fda

Meet the winners of Health Innovation Hub Ireland's Femtech Innovation competition. This Monday, we are spotlighting OnaWave Medical with their product EndoSolve. OnaWave Medical is a medtech company that focusses on improving the diagnosis and treatment of pelvic conditions. EndoSolve provides a digital biomarker-based risk-stratification platform with associated wearable solutions that can identify patients with pelvic conditions, such as endometriosis and subfertility, to support clinical decision-making and enhance the delivery of personalised care for the individual. The technology is patent pending and OnaWave Medical is developing this technology with support from the European Innovation Council. Enterprise IrelandEuropean Innovation Council and SMEs Executive Agency (EISMEA)Department of Enterprise, Trade and EmploymentDepartment of Health - IrelandHealth Service ExecutiveIDA IrelandUniversity College CorkUniversity of GalwayTrinity College DublinChambers IrelandNetwork IrelandLocal Enterprise OfficesSiobhán Kelleher #femtech #womenshealth https://lnkd.in/e3E23QnG

👇 Some great insights to be gained here from Timothy Bubb. If you've heard Tim present before, you will know you're in for a great session.

The medical device and medtech industry is undergoing significant changes, which is evident in the rising value of the global medical devices market from approximately $542.2 billion in 2024 to $886 billion by 2032. Read more to learn about the top 10 trends for the medical device and medtech industry in 2024: https://buff.ly/4cduhEE #MedicalDevice #MedTech #AI #MachineLearning #WearableDevice #WearableTechnology #WearableDevices #HealthWearables #RemotePatientMonitoring

Advancements like AI-driven diagnostics, wearable health devices, and robotic surgeries are enhancing patient care and operational efficiency. These technologies enable personalized treatment plans, improve accuracy, and reduce recovery times. Integrating these innovations into healthcare systems requires investment, training, and collaboration between healthcare providers and tech experts. Join me in examining the innovative technologies transforming healthcare and their impact on improving patient outcomes and experiences.

**Discover the ATL Technology Difference at COMPAMED and MEDICA!** As COMPAMED enters its third day, we're thrilled to share the enthusiastic feedback from visitors to the ATL Technology booth. The spotlight has been on our comprehensive approach to medical device development – from meticulous usability testing to efficient manufacturing and distribution. What Sets Us Apart? Our complete vertical integration model has been a highlight, showcasing our ability to oversee every step of the device journey. This holistic approach ensures not only the highest quality but also the relevance and practicality of our medical technologies. Why Visit Our Booth? - Tailored Solutions: Discover how our products, particularly in camera-based devices, medical wearables, and electrosurgical devices, can be customized to your unique needs. - Expert Insights: Engage with our business unit leaders and engineers who can provide valuable perspectives on integrating innovative solutions into your projects. - Future-Focused Discussions: Learn about emerging trends and technologies that are shaping the future of medical devices. Your Opportunity - Explore Potential Collaborations: Understand how partnering with ATL Technology can enhance your projects and contribute to groundbreaking advancements in the medical field. - Gain Competitive Insights: Equip yourself with the knowledge to drive your company's innovation. For those who can't join us in person, or who want to delve deeper into what ATL Technology offers, visit our website https://atltechnology.com to explore our extensive capabilities and services. Don't miss the chance to visit us during the remaining two days of COMPAMED. We're here to discuss how we can help bring your medical technology visions to life. Join us in shaping a more connected future in medical technology!   #MedicalDevices #COMPAMED #MEDICA #MedicalDeviceInnovation #HealthcareSolutions

📰The most relevant startup news hot off the press! 🔥 🔹 Vanta secures $150M in Series C funding, now valued at $2.45B. The trust management platform is set to enhance data security and compliance for businesses globally. 👉 https://lnkd.in/eaVkUwM7 🔹 Kestra Medical Technologies, Inc. raises $196M to boost the commercialization of their wearable defibrillator, aiming to revolutionize cardiac care. 👉 https://lnkd.in/eCTGMkH5 🔹 SoundHealth scores $7M to launch the first FDA-authorized AI device for allergies and rhinitis, an important milestone in healthcare tech innovation. 👉 https://lnkd.in/eeyQdKCK Don't lose sight of these pioneers! #TechNews #StartupFunding #HealthTech

The European Medtech Industry: A Beacon of Innovation The European #Medtech industry, valued at an estimated €192bn in 2022, is revolutionising patient care through groundbreaking medical devices and cutting-edge digital health wearables. Recent reports highlight a surge in AI-based patent applications within Medtech, underscoring the industry's unwavering commitment to pioneering advancements. https://lnkd.in/eHqUe9pt Secerna LLP is a trusted partner for innovators navigating the intellectual property landscapes of Medtech. With expertise that transforms regulatory frameworks into enablers of innovation, Secerna is committed to ensuring that Medtech continues to lead the dynamic stage of medical technology. #Medtech #Innovation #Patenting #EuropeanMedtech #IndustryLeadership #AI #Patent #IntellectualProperty