2023 will be a pivotal year for the medical device, diagnostics, and bio/pharmaceutical industries, as the world continues to face the challenges of the coronavirus pandemic and grapple with a changing landscape of patient needs and demands.

The trends across all sectors will be essential in helping to ensure that patients receive the best quality of care and that healthcare providers are able to operate in a more sustainable and efficient manner.

We’ve been scanning the horizon and looking ahead to how what’s been happening in the past will impact our sector and the following are some key trends expected to shape the future of these industries in 2023 and beyond:

First, there will be a rise in digital health technologies and telemedicine. As healthcare systems become increasingly strained, digital health solutions are becoming progressively more important in providing access to care to those who may not be able to receive it in-person. This includes virtual visits, remote patient monitoring, and digital health tools such as wearables and apps. Ideally, rather than just a means to address and mitigate clinical staff shortages, the increasing use of digital health solutions will increase the use of precision medicine and enable more accurate monitoring and tracking of patient progress.

Second, there will be an increased focus on precision medicine. This will involve the use of advanced diagnostics and monitoring systems to provide more accurate assessments of patient health, enabling healthcare providers to make better decisions on treatment and care. Precision medicine will also incorporate data from a variety of sources, such as genomics, lifestyle, and environmental factors, to provide tailored therapies and treatments to each individual patient.

Third, there will be a focus on personalised medicine. With the advent of new technologies such as genomics, systems biology and artificial intelligence, personalised medicine is realistically feasible and accessible. These medicines can target a specific genetic or protein profile and will allow healthcare providers to tailor treatments to individual patients, leading to better outcomes and improved patient experience. In addition, advances in gene and cell therapy will further accelerate the development of new treatments for long-term and complex conditions.

Fourth, there will be a continued emphasis on developing new and innovative medical technologies. Technological advancements in the medical field are being developed at an unprecedented rate, and this trend is expected to continue. In 2023, we can expect to see further advancements in medical technologies, such as the development of nanotechnology, 3D printing, gene editing, and robotics, which can be used to drastically improve the effectiveness and efficiency of medical treatments and diagnostics. Therefore, research and development of new medical technologies is likely to remain a huge focus this year.

Finally, there will be a focus on sustainability. Many healthcare providers are now looking to reduce their environmental impact and use renewable sources of energy, as well as implementing innovative strategies for reducing waste and promoting sustainable practices. This will become increasingly important as the healthcare industry continues to grow in both size and complexity; there is already evidence of research into the use of AI for cold supply chain optimisation to minimise waste of high value biological products. Healthcare providers will need to ensure that their operations are compliant with environmental regulations, and will be increasingly focused on reducing their environmental impact in order to provide better services to their patients.

Back to News + Insights