The medical devices industry is one of the most rapidly growing sectors within healthcare. The industry includes instruments, machines and devices that can be used in treatment, prevention and diagnosis. With an ageing population globally and the emergence of some chronic diseases, the demand for medical devices is growing. Recent studies have estimated that the market is valued at over €550 billion and is expected to increase to over €800 billion by 2032.

Let’s look at some of the key issues facing the industry today and tomorrow and look at what you need to do as a manager in the industry.