Factors Influencing Adoption of High-Value Innovation in Medical Technology Industry

In the medical technology industry landscape, the adoption of high-value innovations remains a critical determinant of organizational success. This study explores the multifaceted factors that exert influence on the decision-making process surrounding the integration of high-value innovation leveraging comprehensive analysis with quantitative methodologies, to delve into the interplay of internal and external determinants that play a pivotal role in shaping the adoption of high value innovation. The research findings underscore the importance of aligning internal capabilities with external exigencies to foster innovation adoption in the medical technology industry. This research contributes valuable insights to worldwide large medical technology companies, practitioners, policymakers, and scholars alike, fostering a holistic understanding of the intricacies governing integration of high-value innovation in the medical device ecosystem.