Rapid Growth Provides Opportunities in Every Region for Wearable Medical Devices Market, New Research Finds

LogoAll regions of the wearable medical devices market will see rapid growth between 2018 and 2022, a new report from The Business Research Company, Wearable Medical Devices Global Opportunities and Strategies To 2022, shows. The fastest-growing region in percentage terms is Asia Pacific, but all regions are growing rapidly, and the Americas, where by 2018 the wearable healthcare devices market had already reached a value twice that of Asia Pacific, will put on most growth in $ terms by 2022. Wearable medical device markets are driven by underlying factors such as the increasing prevalence of chronic diseases due to population aging and unhealthy lifestyles, and rising disposable incomes in emerging economies making such products affordable. An increasing need for cost-effective diagnosis and treatment - in particular in the case of cardiovascular disease management - also supports the growth of this market. Again, the growth of the consumer wearable devices market, such as the smart watches market and the smart glasses market, which mean that more people are familiar with wearable devices of all kinds, helps give the medical wearable devices market traction. Restraints include privacy issues over sensitive patient data and a stringent regulatory environment in many countries.

Acquisitions and Collaborations Are Key Strategies in the Healthcare Analytics Market, New Report Shows

LogoThe leading healthcare analytics market players are focusing on strategic collaborations to expand their offerings, a new report from The Business Research Company, Healthcare Analytics Global Market Opportunities And Strategies To 2022, has shown. For example, in September 2016 SCIO Health Analytics acquired Clear Vision Information Systems whose clients include government and commercial health plan providers, medical groups and ACOs to add to SCIO's offerings in the healthcare analytics market. Again, in November, 2015, Quality Systems, Inc. acquired HealthFusion, a developer of cloud-based EHRs for physicians' practices; the acquisition will enable Quality Systems to build on its ambulatory strategy. Collaborations include the May 2015 announcement by IBM and Medtronic that they would cooperate to conglomerate analytics and cognitive computing with diabetes medical devices and health data to develop a new generation of personalized diabetes management solutions. In September 2015, Cerner Corporation announced a strategic collaboration with Glens Falls Hospital to consolidate its EHR platform to Millennium EHR into the system's ambulatory facilities to enhance clinical processes and health care delivery capabilities for future growth and development.

Healthcare to Be 3D Printing Manufacturers' Largest Market by 2022, the Business Research Company Forecasts

LogoIn 2016, the global aerospace and healthcare markets for 3D printing devices, services and supplies were both worth around $1.2 billion. By 2022, though, as a report from The Business Research Company, 3D Printing Devices, Services and Supplies Market 2014-2022 shows, healthcare will be worth over 30% more than aerospace. Growing government and private funding to support the development of new 3D printing technologies will be a major driver of 3D printing healthcare spend. A growing demand for organ transplantation and the ease of development of customized medical products by 3D printing devices offer new growth opportunities to the companies operating in this market. The use of 3D printing devices is expected to increase in the healthcare industry by 28.6% year on year, which means that in 2022 one fifth of all sales of 3D printing devices, services and supplies will be made to the healthcare industry.

New Report Finds That Pain Management Wearable Devices Are Set to Double, Present Significant Opportunities

LogoThe global market for pain management wearable medical devices is set to double by 2022, a new report from The Business Research Company, Wearable Medical Devices Global Opportunities and Strategies To 2022, shows. Wearable medical devices are small electronic products, often consisting of one or more sensors, that have computational capability. They are embedded into items that are attached to body parts, such as the head, feet, arms, wrists and waist. They can resemble a watch, eyeglasses, clothing, contact lenses, shoes or even jewellery. Straps are currently the most popular way of wearing a medical device, and this segment of the market is growing rapidly, but so are two other segments, headbands and shoe sensors, while handheld and other methods are also growing, but a little less fast.

New Report Shows Telemedicine Technology Market Offers Great Opportunities with 20% Growth a Year

LogoRegulatory anxieties and the possibility of legal liability are impeding the global healthcare industry's adoption of telemedicine, but the global market for telemedicine technology will still grow at nearly 20% year on year to 2022, a new report from The Business Research Company, Global Telemedicine Technology Strategies and Opportunities To 2022 , shows.