The medical device industry is driven by innovation and new technologies and has witnessed unprecedented growth in the last decade leading to the development of state-of-the-art medical devices including robotics and biomarkers for diagnostic applications.
Regulatory requirements, competition, and rapidly emerging technologies are creating new complexities and challenges for continued development of medical devices. The need to reduce healthcare costs and produce affordable devices requires rapid innovation to develop new products that fulfill an unmet need. AI- and ML-powered analytics can rapidly uncover relevant innovation and connections across hardware, technology and scientific discovery.
AlphaMeld’s innovation monitoring system provides a first-mover advantage to access emerging innovation. Hundreds of industry-specific algorithms delve into relevant data sets to uncover the most relevant signals of innovation, deriving value faster and powering decisions with mitigated risk while ensuring continued growth.