Healthcare industry includes hospitals, therapeutics, nursing and diagnostic centers along with medical equipment & pharmaceutical manufacturers and health insurance agencies. These organizations collectively work towards the goal of public well-being.
Healthcare industry is transforming faster due to continuous technological developments. Smartphones and Internet of Things (IoT) are enabling e-healthcare and mobile healthcare, which includes SMS consultation, remote diagnostics & health monitoring, e-prescribing and electronic health records (EHR). Next-generation robotics, precise genetic-engineering techniques, quantified-self (predictive analytics), emergent artificial intelligence, digital genome, human microbiome & RNA-based therapeutics, body- adapted wearable electronics and brain-computer interfaces are some of the latest technologies impacting healthcare industry.
Medical tourism is witnessing rapid growth due to high cost of medical treatment in developed countries and increasing demand for quality healthcare, causing patients to visit other destinations for cheaper yet sophisticated treatment.
Advancements in healthcare IT sector are expected to fuel financial profitability and operational efficiency across the sector. In addition, global healthcare sector is transitioning towards consolidation because of increasing costs and competition in the market. Individual doctors, clinics and hospitals are merging into bigger entities in order to leverage economies of scale and provide broader services. Consolidation will also help hospitals to hold up against increasing pressures from uncertain economies and stringent regulations.
Rising geriatric population, increasing prevalence of chronic diseases, growing demand for affordable and accessible healthcare, advancements in technologies and improving government regulations are major drivers for the growth of global healthcare market. On the contrary, fluctuating healthcare reforms, patent expiration, rising demand of healthcare infrastructure & services, limited insurance coverage and patient safety concerns are hindering overall development of the industry.
ASDReport.com has an extensive collection of reports on healthcare industry. The reports provide insights on healthcare topics and technologies including biometrics, analytical testing, virtual & augmented reality, retail healthcare, wearable technologies, smoking cessation drugs, 3D printing, and much more.