When you think of wearable medical devices, what comes to mind? My guess is either Fitbit, Apple Watch, or both. And you’d be right. These fall into a sub-category of the wearable medical devices: fitness wearables. And with the advancements of some pretty cool technology, the fitness wearables market is developing into something far more intriguing.
It’s safe to say that we’re all feeling stressed right now. And for many of us, “stressed” doesn’t even begin to cover it.
Today’s blog post is an introduction to biohacking—the market, technology, products, challenges and opportunities that are making a significant impact across many industries—adapted from our recent webinar, “Biohacking—Analyst Conversation,” featuring analysts Smruti Munshi and Antonio Regalado.
From fertility treatments to orthopedic surgeries, medical treatments at large are in high demand across the globe. However, not everyone has equal access to cost-effective, high-quality medical treatment and, as a result, medical tourism has gained much popularity in the global healthcare industry in recent years.
In 2016, 116 people died every day from opioid-related drug overdoses, according to the U.S. Department of Health and Services. Opioid-involved deaths are continuing to increase in the United States. More than three out of five drug overdose deaths involve an opioid.
The use of cloud networks in healthcare settings is crossing the threshold from cautious consideration to widespread adoption, which is contributing to strong growth as the global market is forecasts to reach $35.0 billion in 2022 at a compound annual growth rate (CAGR) of 11.6% from 2017-2022.
Initially approached with caution by healthcare organizations, cloud computing is becoming more widely adopted in this arena. As cost savings outweighed potential data protection concerns, cloud adoption in healthcare increased during 2017. Healthcare information technology (IT) systems are expensive to implement, update and maintain. Cloud economics changes that by shifting from individual budgets to cost-sharing models enabled by private, multitenant and in some cases, public clouds. These trends are shifting in favor of increased IT spending on cloud hardware, software and networks.
The continuous glucose monitoring market, introduced nearly 20 years ago, is presently experiencing strong growth as diabetics, physicians, hospitals and clinics witness the benefits these devices can lend to the management of glucose levels. The market now includes blood glucose monitors, diabetes test strips, insulin durable and patch pumps, glucose sensors, and transmitters and receivers. The global market for continuous glucose monitoring equipment is expected to top $20.6 billion by 2022, according to a new study by BCC Research, at a five-year compound annual growth rate (CAGR) of 10.1%.