Technology, entertainment, and design leaders have affirmed that technology's next big wave would be its intersection with medicine. At the recent Tedmed conference (www.tedmed.com), America Online Founder Stephen M. Case told the New York Times that he senses something is bubbling—the same feelings he had when he got involved with the Internet 25 years ago. The newspaper reports that Americans spend $1.4 trillion annually on health care and health care products. No wonder some of the hot items unveiled at Tedmed included a key chain that stores a person's health records and an armband that measures how many calories its wearer has burned.
Cost, product development rigor, the patient-as-a-user movement, and consumer electronics that include wireless connectivity are just a few hot topics swirling around medical devices. Each brings challenges that create innovation opportunities. If we briefly look at each one, we can see that one common need will be innovation in simplicity.
The supply chain will change significantly over the next 10 years as industry 4.0 technology enhances supply chain performance, according to the 2015 MHI Annual Industry Report, “Supply Chain Innovation — Making the impossible possible.”
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