{"id":18006,"date":"2023-11-28T11:27:00","date_gmt":"2023-11-28T16:27:00","guid":{"rendered":"https:\/\/themedtechconference.com\/?p=18006"},"modified":"2024-04-03T11:06:31","modified_gmt":"2024-04-03T15:06:31","slug":"the-medtech-conference-takeaways-a-three-part-blog-2","status":"publish","type":"post","link":"https:\/\/themedtechconference.com\/the-medtech-conference-takeaways-a-three-part-blog-2\/","title":{"rendered":"The MedTech Conference Takeaways: Part 2"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Outpatient and Outside the U.S.: Trends<\/h2>\n\n\n\n<p>by Scott Whitaker, President and CEO, AdvaMed<\/p>\n\n\n\n<p>The MedTech Conference has grown into the industry\u2019s premier annual event worldwide. Every year, attendees come away with unmatched insights, connections, and enthusiasm for their work in this incredible industry. At this year\u2019s event held in October in California, keynote speakers covered everything on the minds of our industry\u2019s most forward-thinking players: the digital transformation of health care, AI, top trends, global policy developments, workforce diversity opportunities, and lessons for aspiring leaders. Here are some highlights I took away from this year\u2019s tremendous event \u2026&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Outpatient surgery.&nbsp;<\/strong>&nbsp;<\/h4>\n\n\n\n<p>Outpatient care, including at ambulatory surgical centers, continues to become a more critical and helpful opportunity for patients to get the care they need without lengthy and pricey hospital stays.&nbsp;&nbsp;<\/p>\n\n\n\n<p>About 5 percent of Stryker\u2019s hip and knee replacements were outpatient before COVID-19, said Kevin Lobo, chair and CEO. Now the portion is 12 to 13 percent. \u201cIt\u2019s an undeniable trend. Procedures are going to move from inpatient operating rooms to the hospital outpatient [rooms] to the ambulatory surgery center to the physician office to the home.\u201d&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Localization in the global market.<\/strong>&nbsp;<\/h4>\n\n\n\n<p>China remains a major importer of medical devices but localization policies and pricing strategies add volatility to the market. Similarly, the India market is fluid, with \u201cmade in India\u201d policies shaping company decisions.&nbsp;<\/p>\n\n\n\n<p>Geoff Martha, chairman and CEO of Medtronic, said the push for localization in China reflects the realities of its health care system: a large market and less training for the sheer number of doctors, requiring products to behave differently. Robotics could play a bigger role there.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Lobo said Stryker is considering whether to establish manufacturing in India. \u201cWe\u2019re probably going to have to make things at some point in India if these policies continue. But to be a global company, you really have to. You can\u2019t have all manufacturing in one country.\u201d&nbsp;<\/p>\n\n\n\n<p><em>For more of these valuable insights,&nbsp;<\/em><a href=\"https:\/\/themedtechconference.com\/about-the-conference\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>join<\/em><\/a><em>&nbsp;The MedTech Conference 2024, October 15 to October 17, in Toronto, Canada.<\/em>&nbsp;<\/p>\n\n\n\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Outpatient and Outside the U.S.: Trends by Scott Whitaker, President and CEO, AdvaMed The MedTech Conference has grown into the industry\u2019s premier annual event worldwide. Every year, attendees come away with unmatched insights, connections, and enthusiasm for their work in &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"The MedTech Conference Takeaways: Part 2\" class=\"read-more button\" href=\"https:\/\/themedtechconference.com\/the-medtech-conference-takeaways-a-three-part-blog-2\/#more-18006\">Keep Reading<span class=\"screen-reader-text\">The MedTech Conference Takeaways: Part 2<\/span><\/a><\/p>\n","protected":false},"author":30,"featured_media":18014,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[36,1],"tags":[37,39,38],"class_list":["post-18006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-uncategorized","tag-tag-one","tag-tag-three","tag-tag-two"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The MedTech Conference Takeaways: Part 2 - The MedTech Conference<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/themedtechconference.com\/the-medtech-conference-takeaways-a-three-part-blog-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The MedTech Conference Takeaways: Part 2 - The MedTech Conference\" \/>\n<meta property=\"og:description\" content=\"Outpatient and Outside the U.S.: Trends by Scott Whitaker, President and CEO, AdvaMed The MedTech Conference has grown into the industry\u2019s premier annual event worldwide. Every year, attendees come away with unmatched insights, connections, and enthusiasm for their work in ... 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