About McKinsey Medtech

Innovation to real-world impact

The medical-technology industry today faces unprecedented challenges, such as the elusiveness of growth, rising cost pressures, increased focus on evidence and outcomes, and tightened regulation. In this new environment, companies need to rethink their business systems, product portfolio, operating models, and capability sets to remain competitive.

Our global team of over 200 senior medtech practitioners, external advisory networks, and embedded work across our Healthcare Systems and Services Practice brings deep knowledge and insights. This expertise, combined with cutting-edge capabilities across product design, digital, advanced analytics, and artificial intelligence, helps clients better understand unmet patient, user, and customer needs, assess where growth opportunities exist, and create new business models that sustainably bring impact. Through strategy development, prototyping, testing, manufacturing, and commercialization, we help build innovative products, devices, equipment, software, and solutions that bring customer value and enhance patient outcomes.

We help medtech companies capture value through our five areas of expertise

Driving strategy

Our 90-plus years of experience in assessing medtech value pools and trends and our clinical understanding of disease treatments and outcomes help clients sustain value and get ahead of the curve.

Leading operations

For the past 20-plus years, our Operations Practice has helped clients solve their most complex strategic and operational problems—from diagnosis to implementation. Today, it accounts for nearly half of our work across the firm.

Reinventing the core with digital and analytics

We lead with a business technology view to help medtech companies become digital and analytics-driven, delivering on average 25 times return on our fees.

Outperforming the market

In the past 5 years, we have advised and delivered superior customer insights to 19 of the top 20 global medical-device companies on more than 1,000 projects.

Mastering organizational change

We work with many of the world’s largest corporations on how to design high-performing organizations, manage major change, attract top talent, and realize maximum deal value from mergers to sustain competitive advantage and shareholder returns.

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