2. Technology companies are actively investing in the medical and biotech fields, but how can they demonstrate their performance on the ground??

As shown in Figure 2, the global medical technology (MedTech) market covers medical electronic equipment and medical materials of about 586 billion U.S. dollars in 2021, mainly benefiting from the growth of the epidemic to drive the new coronavirus testing, vaccine development and diagnostic equipment and device installation, and after 2022, due to the slowing down of the new coronavirus epidemic and the decline in the demand for medical materials of the new coronavirus testing, it is estimated that the global MedTech market will fall back to 459 billion U.S. dollars in 2022. The global medical technology market is forecast to grow marginally to US$475 billion in 2023, with growth coming from oncology, ulcer treatment and neurological disease related electronic devices (medical testing and scanning equipment) and medical materials.

Figure 2. 2005-2027surname NianGlobal Medical Technology(MedTech)Market Size

Source of information: MLCC in Medical Test & Scan Equipment: 2021-2026 World Market Outlook

 Precision medical technology is the combination of "biomedical data" and technological applications, and cross-domain cooperation to translate difficult medical content into simple, easy-to-understand, valuable medical information and intelligent solutions, so that the content of healthcare services closer to precision and maximize the effectiveness of the case to help prevent and improve the improvement of the case before the disease or to shorten the time of treatment and recovery after the disease. On the medical side, data can be collected including physiological and biochemical test data, medical imaging data, genetic data, medical records, clinical treatment literature or medical research findings, and through cross-domain technology applications such as electronic information and communication technology, AI, big data, block chain, cloud, 5G, meta-universe, and other technological hardware and software integration devices, to carry out digitized and accurate testing, monitoring and diagnosis, or clinical treatment information. The industrialization of healthcare services has led to the diversified development of new types of technology-based healthcare services, such as digital healthcare and precision medical services.