The healthcare and medtech industries face high-cost diseases and conditions.

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Last updated on November 26th, 2022 at 04:09 pm

Heart Disease, According to the CDC, heart disease and stroke remain the most expensive chronic diseases for the healthcare system. Around 60 million people are affected by heart disease in the world. It causes a third of all deaths in America on a yearly basis and costs the healthcare system $199 billion. An artificial heart by the company Carmat will go on sale in the second quarter of this year in Germany and France under the brand name “Aeson”. The device is designed to mimic a real heart and is powered by batteries. Meanwhile, French start-up CorWave is developing a heart pump that replicates the blood flow and pressure characteristics of a human heart, instead of delivering a constant supply of blood at an unnatural level.

The healthcare and medtech industries face high-cost diseases and conditions.
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Diabetes is also a major driver of healthcare spending.

Between medical bills and reduced productivity, the disease cost the US around $327 billion in 2017. It is often a comorbidity for other serious conditions including heart disease. According to the CDC, over 34.2 million Americans have diabetes and more than double that have prediabetes, which can lead to type 2 diabetes. In order to reduce the cost many factors must be solved, one of the main challenges is the inadequate management of diabetes that leads to over treating with insulin or undertreating which can lead to costly morbidity. Tandem Diabetes Care is an American medical device manufacturer based in San Diego, California. The company develops medical technologies for the treatment of diabetes, specifically insulin infusion therapy to provide the optimal treatment and avoid any morbidity.

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Pressure Ulcer, the U.S. spends about $11 Bn each year in preventing and treating pressure injuries. The cost of treating pressure injuries is 6times higher than the cost of prevention. Early diagnosis can help to bring this cost down. There is an urgent need for accurate and innovative diagnostic tests for pressure injuries. A medtech company named IR-Medical has the goal to tackle Pressure Ulcer by utilizing Infrared spectroscopy technology and AI to detect and prevent any serious ulcers in a non-invasive manner. This medical device would have a great impact in nursing homes where PU are prevalent due to the amount of bed ridden elders.

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Obesity is a chronic condition that affects many Americans both young and old, with one in three adults and one in five children classified as obese. As a result, obesity costs the healthcare system around $147 billion per year. Management of obesity requires multidisciplinary approaches including diet, food supplement, exercise, behavior change, drug, medical device, gut microbiome manipulation, and surgery. Anti-obesity medical devices are an option for subjects who have not responded to more conservative medical treatments but want an alternative to surgery. weight-loss devices include gastric band devices, gastric space-occupying devices, and gastric emptying devices.

Arthritis is a debilitating disease and one of the most common chronic diseases in the US, affecting around a quarter of American adults. It has cost the healthcare system around $140 billion in a single year. Medical Devices existing in the market are assistive devices for patients suffering with arthritis. Many devices are developed for to assist in various tasks, some of the most well known companies developing these devices are include Invacare Corporation, Betterlife Healthcare Ltd., Ossenberg GmbH, GF Health Products

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