Episode 104

What’s Next in Medtech Matters to Us All

Published on: 4th November, 2025

Medtech is a $900 billion industry transforming how we treat, diagnose, and prevent disease—but its innovation engine is slowing. Vikram Aggarwal, global leader of BCG’s medical technology work, explains what’s behind the slowdown and how leaders can rethink regulation, software, and talent to re-accelerate breakthroughs. 

 

Learn More: 

Vikram Aggarwal: https://on.bcg.com/4osjpc6 

BCG on Medtech: https://on.bcg.com/3LlJ6MC 

How Medtech Leaders Are Revving Up Their Innovation Engines: https://on.bcg.com/4op2Rl8 

Chapters 

00:00-01:25 Introduction/Vikram’s ‘So What’ 

01:26-02:10 What is medtech? 

02:11-03:46 Where are some of the most exciting innovations happening in medtech? 

03:47-05:36 What areas get the most attention? 

05:37-07:33 What are the barriers to innovation? 

07:34-08:36 How do software and hardware innovation compare? 

08:37-09:58 Software in a medical device vs software as a medical device 

09:59-11:40 Is there a lag between innovation in software vs hardware? 

11:41-13:41 What is the ideal innovation environment for medtech? 

13:42-15:13 How do we fix the STEM skills shortage? 

15:14-17:46 What will bring the most value over the next decade? 

17:47-19:04 What is happening at startups vs established companies? 

19:05 – 20:01 Vikram’s ‘Now What’ 

20:02-20:15 Outro 



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About the Podcast

The So What from BCG
This podcast from Boston Consulting Group looks around the corner of today’s big business and social issues. The goal–the so what–is to make sense of today and prepare busy leaders and executives for the day after tomorrow.
Award-winning British journalist Georgie Frost interviews the leading thinkers and doers at BCG on the trends, developments, and ideas that will shape and disrupt the future. This is not your typical business strategy podcast.

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Nick Howard