The rise of the medical device market and its impact on the labour market

In recent decades, the medical devices sector has undergone a significant transformation, even surpassing the traditional drug market in terms of innovation, investments and economic impact.

This accelerated growth is driven by technological advances, population ageing, increasing chronic diseases and a growing demand for rapid diagnoses and personalised treatments.

Unlike medicines, which require long cycles of clinical development and approval, medical devices often have shorter innovation cycles and a more agile adaptation to market needs. 

Technologies such as artificial intelligence, 3D printing, biomedical sensors, wearable devices and surgical robotics have been revolutionising clinical practice and opening new horizons in personalised medicine, remote monitoring and minimally invasive interventions.

This rapid technological evolution has transformed the medical devices sector into one of the pillars of the health economy, moving trillions of dollars worldwide and surpassing the pharmaceutical sector in terms of percentage growth in recent years. 

In addition, medical devices have become indispensable in hospital, outpatient and home environments, expanding their scope and relevance.

As a reflection of this scenario, the professional field has also expanded considerably. 

The demand for professionals specialised in health regulation, clinical research, biomedical engineering, manufacturing, quality control, regulatory affairs and post-market surveillance grows consistently.

In addition, the increasingly demanding regulatory environment - especially with the implementation of the MDR in Europe, the modernisation of the FDA in the US and the structuring of ANVISA in Brazil - requires qualified professionals who know how to navigate between technology, security and legal compliance.

Therefore, the medical devices sector has not only surpassed the drug market in several economic metrics, but has also consolidated itself as one of the most promising fields for professional performance in health, engineering and technology, offering dynamic opportunities with great social impact.

If you are in the process of career transition to the area of regulatory affairs having robust knowledge about regulations and requirements for submission in each country becomes indispensable to become a successful professional.

Today I will start a series of posts that will help you as well as they are looking for your first opportunity in the industry and are investing in their knowledge to evolve in this new profession.

The first market addressed is considered the largest and most competitive in the world: USA 🇺🇸 

In this sequence of markets for medical devices, I will address

• Regulatory Authorities 
• Regulatory Requirements 
• Step by step how to submit the medical device