Healthcare Industry News

Visualize a house where your shower runs a quick, non-invasive health check when you step in, and your bed is armed with sensors that can sense any signs of unkind health. Collected information gets shared across different home devices and offers alarms to guarantee your health is not compromised. Such scenarios are slowly becoming reality. In several cases, home care technologies can successfully replace conventional healthcare technologies. Telemedicine, precisely, has become gradually popular in the last few years, as people across generations are not able to access health consultants in a conventional, in-person setting. To simplify this, with earlier understood problems like wait times and high healthcare expenses, home care technologies are in high demand. Telemedicine technologies also allow the remote exchange of data, commonly through virtual mediums, among physicians and patients. Taking appointments through the phone, a video call, or an app aids patients to decrease commute

 The mineral supplements industry has garnered $13.19 million revenue in 2021, and it is projected to rise at the rate of 5.3% from 2021 to 2030, to generate $21.0 billion in 2030 . It is led by the growing adoption of these products that decrease the incidence of chronic diseases, such as osteoporosis, anaemia, and cancer. Additionally, the surging implementation of preventive healthcare practices, associated with the rising prevalence of lifestyle-associated disorders, is projected to fuel the sector's growth. Health Promotion and Chronic Disease Prevention According to studies, mineral supplements can reduce the risk of health problems and diseases, including heart disease, cancer, lung disorders, osteoporosis, psychiatric disorders, and death risk. Pregnancy and Birth Outcomes Prenatal mineral supplements can help a pregnant person to get better nutrients, more specifically iron and folic acid. Pregnant women with malnutrition risk are likely to give birth to a premature baby w

The growing prevalence of stroke and spinal cord injuries (SCIs) is fueling the surge in the demand for exoskeletons in several healthcare settings such as rehabilitation centers across the world. In the healthcare industry, exoskeletons are used for helping paralyzed patients walk. For example, as per the National Spinal Cord Injury Statistical Center (NSCISC), in the U.S., there are around 54 cases of SCIs per one million people, or nearly 17,730 new SCI cases are reported every year. Furthermore, in the U.S., the average number of people suffering from spinal cord injuries is 291,000, with various individual estimates falling in the range of 249,000–363,000. The surging geriatric population in several countries is also fueling the demand for exoskeletons. As per the World Population Ageing 2019 report published by the UN, the total number of people in the age bracket- 65 years or above across the world was 703 million in 2019. Moreover, the public awareness about exoskeletons and th

 The wound closure products market has garnered $6,540.1 million revenue in 2021. Moreover, it is projected to advance at a rate of 5.0%, to generate $10,148.7 million revenue in 2030. It is ascribed to technological advancements, increasing elderly population, rising incidence of diabetes, and surging healthcare expenditure.  In addition, the rising volume of surgical procedures, led by the increasing prevalence of chronic diseases, and the growing count of road accidents propel the industry size. Homecare Settings To Witness Fastest Growth Homecare settings will experience the fastest growth in the coming years, at a rate of 6%. It will be due to the worldwide increasing elderly population, rising adoption of home healthcare services, and growing usage of easy-to-use products.  Moreover, patients with accident wounds and diabetic foot ulcers need to be hospitalized for a long duration. It is usually difficult and costly and, thus, results in a high requirement for wound closure prod