Tim’s primary goal for Velentium is to preserve our quality of work and culture while the organization continues to grow. This will enable the company to bring its current services and positive impact to international customers and partners while expanding its influence in North America. Just as the company has expanded its business beyond local companies in the Texas area and into Minneapolis, Boston, California, the Pacific-Northwest region, as well as western Europe and Asia, Tim wants to see the company become a global leader in medical design development and transfer to manufacturing.
In the future, Tim foresees a significant influence from the large tech companies into the medical device space. There is every indication that a few of these large consumer-based technology leaders are going to expand beyond health & wellness and into medical devices. In addition, there will likely be increased focus on the connected patient being part of a holistic program to drive costs down. As people become more intentional about their own healthcare, a movement will occur towards more home health care devices with more diagnostic capabilities and simpler therapeutic options.
Tim also believes there will be a growth in external devices vs. implantables as people become more involved in their own healthcare and are willing to become more disciplined about compliance. Designs that continue to be implantable will become even smaller and less invasive, with greater focus on ASICs and utilizing extremely low power and high connectivity.