A Winning Data Strategy for Smart Connected Patient Devices

Smart connected patient devices are transforming healthcare by enabling personalized, continuous therapy and proactive management of health conditions. These devices, vital across home, hospital, and alternative care settings, can improve patient outcomes, lower intervention costs, and enhance healthcare efficiency. With a projected market growth of 12.3%-17.2% CAGR between 2023 and 2032, the industry is expected to reach $324 billion to $474 billion. 

However, this rapid expansion presents challenges. Manufacturers face increasing risks of commoditization, pressure to innovate, and demands for seamless integration into interconnected healthcare ecosystems. Additionally, complex development cycles and significant costs add to the competitive pressures. 

This whitepaper explores how medtech companies can move beyond basic data collection to develop comprehensive, scalable strategies that leverage data across the entire device lifecycle. By integrating insights from clinical trials, electronic health records, wearable sensors, and patient-reported outcomes, manufacturers can unlock new opportunities to innovate, reduce costs, and improve patient care. 

Key insights include:  

• How data-driven approaches benefit healthcare’s key stakeholders  
• Understanding the difference between data projects and a data strategy
• A comprehensive breakdown of our winning data strategy framework  
  
  

Standardizing data management using existing frameworks and methodologies 

Featuring insights from industry leaders at Cochlear, Dexcom, Medtronic, Omron, Vocxi Health, and S3 Connected Health, the paper offers a practical framework for leveraging data to stay competitive and succeed in a data-driven healthcare landscape.  

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