Recent Developments in Medical Technology
The medical technology industry has seen significant advancements in recent times, with various countries and companies investing heavily in research and development. In this article, we will explore some of the latest developments in the medtech sector.
Korean Government Launches Tariff Support for Medtech Companies
The South Korean Ministry of Health and Welfare and the Korea Health Industry Development Institute have launched a tariff support centre to help medical device companies navigate recent trade challenges. The Biohealth Industry Tariff Support Center, established on 25 April, aims to assist companies in the industry, including medical AI developers, in dealing with the impacts of the new tariff measures of their biggest market, the United States, as well as strengthening their long-term trade risk management capabilities.
According to Jung Eunyoung, MOHW director-general for Health Industry Policy, "With the ongoing uncertainty surrounding the trade policy of the US – the world’s largest market for the biohealth sector – Korean pharmaceutical, medical device, and cosmetics exporters are experiencing heightened anxiety and tension. Through the support centre, we will actively engage with companies on the ground and coordinate a whole-of-government effort to minimise damages and deliver a swift, comprehensive response."
Qure.ai Partners with Johnson & Johnson MedTech
Johnson & Johnson MedTech has teamed up with Qure.ai to launch AI-powered lung cancer screening clinics across hospitals in India. Their strategic partnership will see diagnostic hubs utilise AI to detect incidental pulmonary nodules. Qure.ai’s technology will be deployed across 30 sites.
Anuj Virmani, managing director of Johnson & Johnson MedTech India, noted, "In India, where access to advanced healthcare facilities is often limited, especially in tier-2 and tier-3 cities, patients face significant challenges in receiving timely and effective diagnosis, which further delays access to treatment."
Mount Elizabeth Hospital Enhances Patient Experience with AI
Private hospital Mount Elizabeth Hospital in Singapore has introduced a new patient web application powered by AI. The new app utilises AI to allow inpatients to request in-room amenities and features augmented reality to help them navigate the app. Additionally, a separate finder app was also launched that helps visitors and outpatients find their way around the hospital.
These new applications add to initiatives enhancing patient experience in the 300-bed hospital. Last year, Mount Elizabeth Hospital introduced a multi-language television channel.
Conclusion
In conclusion, the medical technology industry is constantly evolving, with new developments and innovations emerging regularly. From the Korean government’s launch of a tariff support centre to Qure.ai’s partnership with Johnson & Johnson MedTech, and Mount Elizabeth Hospital’s introduction of AI-powered patient applications, it is clear that the medtech sector is committed to improving healthcare outcomes and patient experiences.
FAQs
- What is the purpose of the Biohealth Industry Tariff Support Center?
The Biohealth Industry Tariff Support Center aims to assist medical device companies in navigating recent trade challenges and strengthening their long-term trade risk management capabilities. - What is the partnership between Qure.ai and Johnson & Johnson MedTech about?
The partnership is to launch AI-powered lung cancer screening clinics across hospitals in India. - What new application has Mount Elizabeth Hospital introduced?
Mount Elizabeth Hospital has introduced a new patient web application powered by AI, which allows inpatients to request in-room amenities and features augmented reality to help them navigate the app.
