The open architecture that has emerged in the medtech/ healthtech space continues to present opportunities for the individuals who look for solutions that are required within our space by thinking what is possible from outside the space.
Elliot Street, the CEO and Co-Founder of Inovus Medical and I chatted about the training & simulation market,
A market that:
– Trains surgeons and work teams which accelerates competency and directly translates to patient safety and improved outcomes.
– Currently it is a USD $1.7 billion market and expected to have a CAGR of 15.1% from 2021 to 2026.
– Informs product development teams in the development cycle
Empirically can grade competency of clinicians and appropriately stratify risk profiles
– Accelerate learning and skills which in turn creates more demand for procedures which means selling more devices.
The acceleration of digitally enhanced performance driven surgery will come with large price tags associated with it. How do we get more realistic repetitions in at a reasonable “at bat”?
Watch the full conversation below: