Climate Action in Healthcare, Femtech Market Surge, and AI Integrity: 6th Edition
Ciao peers, colleagues, family, and friends! Welcome to another edition of my monthly roundup of interesting industry trends and insights. If you’re a first-time subscriber, welcome! This month we’ll be exploring interesting new developments in the world of Sustainability, Investor Insights and Leadership Lessons, and Emerging Trends in Operational Efficiency
Sustainability: The European Commission revealed its Climate Resilience Package on March 13, following the first-ever ‘’Climate Risk Assessment Report’’ by the European Environment Agency.? In the report, leaders in Brussels and from around the EU underscored the importance of tackling the biggest issue of our time, stating, “It is paramount that we address the urgency of building resilient, sustainable healthcare systems holistically within this important strategy.”
‘While climate mitigation measures remain without alternative, the report clearly demonstrates that building resilient, sustainable healthcare systems is key for withstanding further negative climate change impacts on people’s health and wellbeing,’”
?– Oliver Bisazza, CEO of MedTech Europe
Europe is the fastest-warming continent in the world but it is also the first economic region to have successfully hit the climate milestone achievement of surpassing the ‘renewable energy tipping point’ meaning that solar, wind, and water energy are now cheaper and more abundant than ever before, so much so that traditional fuel methods like natural gas and coal should now begin to sunset in their dominance as energy sources in the bloc.?
As our reliance on fossil fuels wanes, we must keep in mind that we have a long way to go before we are truly rid of the need for carbon-based fuel sources. Part of that struggle will be to ensure that our world-class healthcare system can weather the change as we transition to a green future.?
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INVESTOR INSIGHT: The rise of fertility tech has attracted the attention of Venture Cap funds eager to secure their place at the table in this exciting Femtech breakout sector that’s quickly come to dominate investor attention in several key markets.
These include the US, EU, and quickly developing Southeast Asia markets. As fertility rates continue to fall worldwide, tech designed to help women have more children is taking off amongst young people eager to start families.?
Pitchbook data indicates Funds are throwing down on promising Femtech Cap Tables to meet growing demand in the IVF devices and consumables market, which is expected to grow to over $10 billion by 2030.
Operational Efficiency -? Across the medtech industry companies are seeking to build patient trust in AI to create a more accountable and equitable industry. As AI reshapes our industry with its potential to solve some of the industry’s most challenging problems, companies will ensure that this new tech is “not just a tool for efficiency—it’s a catalyst for ongoing improvement,”? according to AdvaMed.
“As the adoption of AI becomes more ubiquitous, the industry needs to help build trust in technology with patients and providers who want assurances that it is accurate, fair, secure and responsible. This means rigorously protecting patient data, ensuring informed consent, and making AI-driven decisions understandable. For example, we must continue to maintain strict data privacy and cyber security standards to protect patient information as a non-negotiable priority. This includes comprehensive governance around data access, cyber security protocols, and regular auditing to help ensure health information remains protected.”
Companies seeking to build out their suite of new tech and AI tools need to keep in mind that the best way to do so in the long run is to think about ways to tailor the tech to suit each patient’s unique health profile while ensuring high standards of care, and equitable access to breakthroughs as they emerge.?