Increasing Cases of Chronic Diseases Calls for EHR Systems

When there are a lot of people in need of medical attention, there is a need for the digitization of healthcare to cope with the ever-increasing patient count. All the people seeking medical attention need to be provided with a diagnosis and prescriptions. In this ever-changing world, there is havoc created by chronic diseases. Between the years 2000 and 2030, Americans having chronic conditions will go up by 37%, an upsurge of 46 million persons.

It is a given that older people are in more need of medical assistance, as they are more prone to succumb to all kinds of health issues. The EHR market will continue to rise with the rising number of the elderly population. As per WHO, the elderly people will rise to 22% in 2050, approximately doubling the value of 125 in the year 2015. 80% of the older population will live in low-income countries.

The paybacks of EHR in epidemiology are another main factor for the development of the growth of the EHR market. For example, the FDA has requested over $100 million, for an EHR initiative, to assess the safety of the drugs controlled by it, as EHR allows researchers to analyze data. Additionally, with the use of this system, healthcare workers and patients can have an idea of the present drug development stage and clinical trials and outcomes that were attained from formerly accomplished trials.

Worldwide, North America had the highest demand for EHR in the past and the trend is continuing in the current scenario as well. This has a lot to do with the growth in its elderly population and the upsurge in the consciousness about the significance of EHRs in healthcare settings. The U.S will be the leader of the industry in the region. With scientific developments and the inclusion of AI, the demand for EHR has grown leaps and bounds.

The demand for EHR systems is rolling because of the increasing elderly population and the government initiatives for the same.

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Improving Quality of Life: The Rising Demand for Pressure Relief Devices in the Global Market

Pressure ulcers are defined as localized injuries to the skin underneath the tissue induced by the bony portion as a result of continuous pressure or pressure combined with sheer friction.

Devices that relieve pressure include those that spread out the weight of the body across a wide area and offer a conforming support surface. Patients of all age groups who have pressure ulcers should use these devices. Patients with numerous lifestyle-related disorders, including cardiovascular disease, diabetes, and obesity, benefit from the usage of such devices.

Geriatric Population Growth and Obesity

Obesity-related disorders and the rise in the senior population are driving the need for pressure ulcer devices. For example, research carried out in North America shows that the number of Americans 65 and older is expected to double from 45 million to 95 million in 2060.

Between 2009 and 2012, the "Population Reference Bureau" reported a sharp rise in obesity among older individuals in the United States, which now affects almost 40% of those between the ages of 65 and 75.

Numerous Low-Tech Devices Are in Use

Due to their simple operation, low cost, and outstanding performance in ulcer prevention, low-tech devices had the most share in the past and are anticipated to continue doing so in the coming years. Foam-based mattresses are the most prominent investors among low-tech gadgets because they absorb movement pressure, allowing for pain relief and uninterrupted sleep.

Need for Healthcare Infrastructure Is Growing

The worldwide healthcare system has been advancing and changing throughout time. The need for cutting-edge medical equipment, including pressure relief devices, has been rising in tandem with the fast growth of the healthcare infrastructure to meet the needs of pressure ulcer patients.

Growing public-private partnerships (PPP) and investments from third parties in medical facilities are also fostering the expansion of the medical sector, which in turn is fueling the demand for pressure relief devices.

Why Does North America Control the Most of the Market?

Due to the high frequency of pressure ulcers there, the North American market now owns a 37% share, and it is anticipated that the area will continue to dominate the industry. In addition, the development is being fueled by government support as well as the presence of an established reimbursement network.

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Minimally Invasive Surgical Instruments Market Set for Prosperity in Future

The preference for minimally invasive surgeries (MIS) is increasing, owing to the fact that these surgeries are more accurate and are video assisted. These surgeries involve less scarring and smaller incisions, thereby retaining the original structure of organs without deforming their cellular layers. In addition to this, carbon dioxide is utilized in minimally invasive surgeries for enlarging the abdominal cavity, which aids in reducing blood loss during recovery. 

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As per a report by P&S Intelligence, in 2016, the global minimally invasive surgical instruments market reached a value of $28.7 billion and is predicted to advance at a 9.3% CAGR during the forecast period (2017–2023). The different products used for minimally invasive surgeries are guiding devices, electrosurgical instruments, handheld instruments, and inflation systems. The largest demand was created for handheld instruments in 2016, which are further predicted to be the most in demand during the forecast period as well, majorly due to the rising adoption of these instruments for different minimally invasive surgeries. Types of handheld devices are visualizing scopes, retractors, forceps & spatulas, sutures, cutter instruments, auxiliary instruments, dilators, and graspers.   

A key driving factor of the minimally invasive surgical instruments market is the increasing incidence of chronic diseases, such as arthritis, cardiovascular diseases, obesity, and cancer. As per the American Heart Association, 2016 estimates, about 17.3 million deaths occur every year because of cardiovascular diseases and the number is further projected to rise over 23.6 million by 2030. The treatment of cardiovascular diseases and other chronic diseases often need surgical intervention, which is resulting in rising requirement for MIS instruments. 

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Among all the regions, North America created the largest demand or minimally invasive instruments in 2016, and the region is further projected to use these instruments the most during the forecast period as well. This is ascribed to the presence of developed healthcare systems, increasing adoption of technologically advanced devices, and rising prevalence of diseases. The fastest growth in demand for MIS instruments is projected to be registered by the Asia-Pacific region in the coming years, owing to the increasing per capita income, rising healthcare expenditure, enhanced healthcare infrastructure, and surging demand for healthcare services due to large patient base.  

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