MedTech Industry To Double as TechMed Becomes New Market Driver

MedTech, a $500 billion industry will more than double as TechMed becomes the new market driver.

Alan Cohen, head of the prolific DCVC investment group that is fueling the next generation of medical devices has identified a new segment of the medical device industry, “TechMed”.

“Whereas MedTech players are primarily product companies that monetize device sales, TechMed companies are funda­men­tally software- and platform-centric.”

“The economics and business-model impli­ca­tions of the TechMed movement more closely mirror the dynamics we see from dominant tech platforms and ecosystems.”

Immersive medicine, the use of media as medicine, sits firmly in the TechMed space and will drive considerable job growth for those capable of wielding media to impact change to human health and behavior while generating an amazingly potent data stream.

Read all of Alan’s thesis here: https://lnkd.in/gx5BMab2

See him present next at LSI‘s awesome medical conference on September 19th (Day 3) at hashtag#LSIEurope24 in Sintra, Portugal. 

Cohen, A. Bogue, Z. (2024, April 2024). DCVC. https://www.dcvc.com/news-insights/the-techmed-movement-has-arrived/