As such, these products generate a plethora of “real world” data, which is a solid foundation on which to develop digital capabilities – in this context defined as non-physical offerings around data, including analytics (managing the data volume to make it human readable), decision-support tools (behaviour and treatment recommendations) and smart devices (automated and autonomous devices). In vitro diagnostics companies have driven the development of cutting-edge physical products, resulting in faster and more accurate diagnostics. #Medtech #InVitroDiagnostics #DisruptingHealthcare For those willing to take the risk, we discuss four prerequisites for successful transformation. Various challenges have hindered in vitro diagnostic companies from fully embracing this opportunity.
In vitro diagnostics companies have a significant competitive edge in providing value in healthcare with digital capabilities including analytics, decision support and medical decisions itself.
Manufacturers of medical diagnostic devices are at the epicentre of the data boom.
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