Puerto Rico has seen a rise in the number of medical technology manufacturing centers. The report claims that companies including Stryker, Baxter, Edwards Lifesciences, and Medtronic now have facilities on the island.
As a result of the most recent natural disaster, J.P. Morgan analysts contacted medtech management teams because Baxter was still suffering financially more than a year after Hurricane Maria hit the island. The analysts found comfort in the likely impact on medtech after the conversations.
While pricey in-person consultations are being prioritized over conditions that may be recognized and treated via a video doctor visit, this is just the beginning of telehealth developments. According to the report, more Americans are putting off taking care of their health because it is pricey since consumer purchasing power is severely constrained.
People with lesser salaries find it more difficult to pay their rent, medical bills, and other essential household expenditures like food, gas, and electricity.
The findings suggest that according to the poll, “Consumers who earn less than $50,000 in monthly income participated in 8% less any type of healthcare channel last month than they did in November 2021.”
However, since November 2021, there has been a 6% increase in the percentage of low-income persons who communicate with healthcare professionals online. This shows that clients with modest incomes are relying more and more on digital healthcare solutions, and this trend doesn’t appear to be slowing down.
