what is next in DME space


Access to the right Health products is imperative to address health emergencies and advance a healthier society.  
Some companies are both medical technology producers and pharmaceutical industries. 

In order for a given Medical device to work, it must be used correctly. The device's efficacy depends on the skills and experience of the provider prescribing and advice of the medical technologies that fit the device to its best use.

Ordinarily, almost all Pharmaceuticals are chemicals. As such, after each use, it is not difficult to prove their effectiveness. Because the person taking the chemical (medicine) manifests the effects of the chemical by way of cure, side effects, etc, medical devices are, by and large, mechanical and have no direct impact on the human body.  Using a medical device has no active interaction with the body's metabolic activity. Practically, most pharmaceuticals do interact with the human metabolic system and immunity. As a result, we can assume risks to the body from medicines are of a different order and magnitude compared to the risks to the body from medical devices.
Another difference between pharmaceutical and medical devices is, A greater number of medical devices are manufactured in the world when compared with pharmaceuticals.  In 2015 alone, over 500,000 kinds of medical devices are produced when compared with only 20,000 medicinal products in the world. 
 Medical devices are produced from simple and everyday consumer products like eyeglasses, dentures, and wound care plasters to incontinence and ostomy care products, delivery syringes and bandages, hip implants, MRI, and X-Ray machines, and pacemakers with different objectives.
When we talk about medical devices, the technologies concerned extend far beyond those of pharmaceutical science that encompass a broad range of scientific disciplines important to developing new drugs and therapies.
Primarily, medical device production is based on materials science, bioengineering, engineering, electronics, electromechanical, software, information technology, nuclear,  plastics technology, as well as surface technology.  As you can see, various technology-based discipline is applied across all areas of clinical practice and homecare. The research and development (R&D)models also vary tremendously between the two industries.
 Today the driver is technology; device improvements are typically available to users and patients within months of preview after the conception.  Pharmaceuticals, on the other hand, tend to have longer product lifecycles with improvements spanning over a period of several years.  Because of the involved trials and regulatory process that it needs to overcome before a wider use

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