Clinical Decision Support System Offers Increase Access to Patient Data

Clinical decision support consists of numerous computerized and non-computerized tools and interventions. High-quality CDSS and computerized CDS are crucial to acquire the benefits of electronic health records as well as computerized healthcare order entry.

For instance, pharmacy information systems alert on the order of new drugs and propose a possible drug-drug interaction. Similarly, laboratory information systems (LISs) highlight critical care values.

A clinical decision support system keeps a record of all the data in the electronic health record and makes it possible to identify the changes.

There is a massive amount of clinical data is generated, with the advancement in healthcare. It includes electronic health records, patient surveys, disease registries, and information exchanges.

Moreover, healthcare professional usually makes decisions while directly interacting with the patient, having multidisciplinary or ward rounds meetings. It means several decisions are made in a few seconds or minutes and rely on medical knowledge and access to patient parameters to healthcare providers.

Presently, current decisions are made on the experience and knowledge of the professional. Also, unnoticeable changes in patients’ conditions before their admission to the ward are often ignored, and clinicians monitor current conditions.

However, a computer keeps a record of all the available data, and also makes it possible to see the changes outside the professional’s scope, and identify them for a specific patient, within normal limits.

The major companies operating in the industry are; Allscripts Healthcare LLC, NextGen Healthcare Inc., Siemens Healthineers GmbH, Cerner Corporation, McKesson Corporation, and Koninklijke Philips N.V.

Therefore, the massive amount of clinical data generation boosts the demand for a clinical decision support system.

Read More

Cyber Insurance Market To Reach $48,328.4 Million by 2030

The global cyber insurance market was valued at $11,904.6 million in 2022, and this number is expected to reach $48,328.4 million by 2030, advancing at a CAGR of 19.1% during 2022–2030, as per P&S Intelligence. This is accounted for the snowballing number of malware, virus, and other kinds of attacks on IT systems, the increasing regulation regarding cybersecurity, and the execution of related insurance as a risk mitigation strategy.

The healthcare category is forecast to experience the fastest growth, progressing at a CAGR of above 20% in the coming years. The snowballing digitalization and increasing usage of the internet in the healthcare industry for ease of accessibility to an entity’s information have formed online weaknesses, because of which vital records are being unprotected from external and internal threats.

Cyber Insurance Market Size and Share Analysis Demand Forecast to 2030

In 2022, North America held the highest revenue share, of approximately 50%. This can be accounted to the existence of key companies, including Chubb Group Holdings Inc., Lockton Incorporated, and American International Group Inc. in the continent. 

 

Additionally, the amplified concentration on the legal framework of cybersecurity and the growth of related government guidelines are other factors supporting regional growth. Compulsory legislation concerning the safety of IT networks in numerous states in the U.S. and the increasing acceptance of such guidelines among SMEs in the continent have directed to the more acceptance of cyber insurance policies.

 

APAC's cyber insurance market is estimated to witness the fastest growth in the coming years. Numerous developing countries in the APAC, like India and China, are confronting issues regarding cloud security and breaches in blockchain systems. Because of this, the governments of such countries are taking planned measures, including the execution of guidelines to advance IT security and the launch of several initiatives to spread knowledge about cyberattacks.

 

In 2022, the data breach category generated the highest revenue. With administrations becoming more dependent on digital data, workforce mobility and cloud computing, cases of breaches of vital data have increased exponentially. Sensitive data of organizations and customers are normally stored on companies’ databases, cloud servers, and local machines, which, many times, are vulnerable to breaches.

 

In 2022, the standalone category held the larger market share, of approximately 60%. Standalone guidelines offer establishments the capability to rapidly reimburse first- and third parties for losses in the occurrence of a data breach. Such guidelines compensate the money insured because of a breach, such as credit-monitoring costs, data restoration costs, IT forensic costs, public relations expenses, and cyber extortion.

 

Hence, the snowballing number of malware, virus, and other kinds of attacks on IT systems, the increasing regulation regarding cybersecurity, and the execution of related insurance as a risk mitigation strategy are major factors driving the cyber insurance industry's growth. 

Read More

Increasing Global Warming Will Drive Electric Car Market

In 2022, the electric car market registered a sale of 8.1 million units, and it is predicted to grow at a 23.8% CAGR, to reach 45 million units by 2030, as per P&S Intelligence.

In the past few years, electric vehicles have become a major area of attention for several automakers, such as General Motors, Ford Motors, and BMW AG. Moreover, the main factors that are driving the demand for battery cars include the snowballing consumer concentration in reducing their vehicles’ CO2 release, supportive government guidelines, and refining battery technology.

The improvement of electric vehicle batteries is the major factor for the lowering cost and expanding driving range of electric vehicles. New cell understandings are being studied to make electric vehicle batteries compact, and lighter, and increase the capability to store more energy, to enable such vehicles to strive against conventional fuel-based ones.

Based on volume, the U.S. is projected to witness considerable development, at a CAGR of 24.2% in the coming few years due to the growing government aid for eco-friendly automotive technologies. The vital initiatives for EVs in the country include the U.S. federal tax credit of USD 7,500 on their buying, the ZEV program in California, Corporate Average Fuel Economy standards, and other states.

In the APAC region, China is dominating the industry, with a revenue share of approximately 90% in 2022, boosted by the high output of e-cars, braced by government help and reimbursement strategies.

As electrical vehicles are costlier in comparison to traditional ICE vehicles, the Chinese 

The battery accounts for a significant share of the total price of an electric vehicle. For BEVs to become cost-effective with conventional models, the cost of the battery packs should fall under $120/kWh by 2030. Automotive lithium-ion battery pack cost was previously reduced significantly during the 2010–2016 period, to $227/kWh.

Hence, mainly because of global warming, the sales of the electric car will increase in the future as well.

Read More

Europe Is Highest Revenue Generator in Energy Harvesting System Market

In most cases, energy harvesting systems transform ambient energy into electrical energy, which is subsequently utilized to power a variety of devices, including consumer electronics, wireless sensor nodes, implanted biosensors, and military equipment.

The majority of their applications are in low-power electrical devices including watches, sensors, and home appliances. By 2030, it is predicted that the energy harvesting systems market would be worth $1,076 million, as per P&S Intelligence.

Additionally, in the years to come, North America will register the highest rise in the demand for these systems, followed by APAC. Industrial sector demand for low power-consumption parts and accessories is rising, innovative technologies are being developed, especially in emerging nations like India and China, and regional governments are spending a lot of money to promote adoption in both public and private settings.

The main causes of climate change are the rising GHG emissions, which are primarily made up of carbon dioxide, and the subsequent increase in carbon footprint. The patterns of plant growth are also being affected by changing rainfall patterns and increasing temperatures. The worldwide economic system will be seriously threatened by growing carbon footprints.

Further, minimizing energy waste is one of the simplest strategies to reduce carbon footprint. As they collect lost energy and transform it into electric current, such systems have a significant potential to reduce waste. 

Moreover, Consumers may employ tech-based products for financial gains, such as how electricity generated from renewable sources significantly reduces electricity costs and reduces an individual's carbon impact.

In 2022, the European market's biggest revenue was created by light technology. Italy, Germany, Spain, France, and the U.K. were the top solar energy-producing nations in Europe.

Furthermore, harvesters most frequently employ light to transform solar energy into electrical power. However, not all of the enormous quantity of energy from the spectrum of sunshine gets captured. Although the sun emits about 50% of its energy in the infrared spectral region, solar cells can only capture visible light. As a result, solar plates only generate power from about 20% of solar energy.

Big data and the internet of things (IoT) technological advancements are driving up demand for autonomously operated, low-maintenance wireless sensor devices. These methods may be used to meet the need for such gadgets. Businesses from a wide range of sectors are getting more and more involved in gathering and studying all types of real-time client data.

Energy harvesting is progressing well, thanks to the concepts of IoT and big data. In order to reduce or eliminate the need for batteries or other external power sources, it is often thought of as the extraction of operational power from the environment.

With USD 191 million in sales, building & home automation led the world in 2022. This application's market is predicted to expand at the fastest rate in the future. This is brought on by the quickening pace of sensor-based technology adoption and installation, as well as the rise in demand for effective systems, supported by expanding residential and commercial markets.

Read More

North America Leading AI in Agriculture Market

 The size of the AI in agriculture market was USD 1,254.6 million in 2022, and it will advance at a CAGR of 26.7% in the years to come, to reach USD 8,308.5 million by 2030, as per a market research company P&S Intelligence.

The service category will experience the faster growth because of the increasing requirement for managed services by farmers for tracking the processes and activities of sensors and managing large data sets associated with crop health.

AI in Agriculture Industry Revenue Estimation and Demand Forecast to 2030

The product category dominates the industry because of the surging necessity for software to control and guide the devices fitted in an agronomical environment for performing numerous advanced cultivation practices.

The machine learning category has the largest share, of about 60%. This is because of the growing acceptance of this technology by organizations and farmers for enhancing crop productivity with a combination of agronomical sciences and data technologies. It will hold the same position in the years to come, because of its rising usage in agricultural applications, including crop and field management.

Furthermore, ML has been extensively deployed in Europe and North America because of its high acceptance in agricultural robots and precision farming.

Moreover, precision farming had the largest share, of around 35%, in 2022. This is because of the growing requirement for an optimal yield with limited resources and reduced cost of crop production. Similarly, the rapidly increasing use of IoT in the agriculture sector is driving the precision farming industry.

North America leads the AI in agriculture market, and it will hold the position in the near future, with a value of about USD 4 billion. This is attributed to the high acceptance of innovative technologies in the farming industry for maximum productivity. Moreover, the players are offering services to regional consumers, in partnerships with other players.

Advanced technologies, such as IoT and ML, in combination with computer vision, is being used for numerous agronomic applications, including precision farming, livestock management, greenhouse management, and soil management.

APAC will have the fastest growth in the years to come. This has a lot to do with the increasing acceptance of smart farming techniques, including agronomic robots, drone analytics, and precision farming. In APAC, China is the major contributor because of the quick acceptance of advanced techniques in its enormous agricultural sector.

The increasing usage of robots in agriculture is a main trend. With the growing implementation of modern technology in agriculture, farming practices are increasingly becoming sophisticated. Additionally, with the increasing global population, lack of obtainability of farm workers, and automation in the agriculture sector, there is an increase in the usage of agricultural robots all over the world.

 It is because of the increasing penetration of IoT in farming sector that the demand for AI solutions in agriculture will increase all over the world.

Read More

Ambulatory EHRs Advantages Outnumbering Disadvantages

The technology of ambulatory EHR is getting popular with every passing day in the healthcare industry. Majority of the hospitals are making use of these EHRs for improving the quality of care and supporting the performance of their staff, as it is associated with risk assessment and patient care. This also helps the patients in staying compliant with CMS regulatory programs.

How Ambulatory EHR Helps in Improving Patient Care?

They are digital patient chart systems allowing doctors to document patient care in the same. These systems are based on the longitudinal patient care, such as chronic care management. They comprise of the data from hospitals. Ambulatory EHR systems emphasize on diagnosing, delivering speciality referrals, writing prescriptions, and recording interactions with the patients.

How are Ambulatory EHR Systems Implemented?

These systems make it much faster and easier for the people for processing a patient for medical appointment or an emergency care. Since the files are more adaptable, nearly any medical staff can assess the apt medical records.

With the ease of using and the portability level will share the systems with pharmacies, labs, imaging centers, medical facilities and healthcare providers. So, it helps the people to save a lot of time and money, while streamlining the whole procedure of EHR sharing, even as it is related to medical billing and patient care.

What are Advantages of EHRs?

• Patient care and consequences significantly advance with the emphasis on patient safety with the help of clinical decision support.

• Documentation is complete and clear with the results of medical imaging and test outcomes.

• Automation decreases variation and errors.

• Supposedly, the costs associated with treatment of a patient lowered by lessening duplicate activities.

Almost everything in this world has a flip side as well, where there are a lot of advantages of EHRs, there are a few disadvantages as well.

• Computer systems are quite complex and expensive.

• Complexity of the systems and  the learning curve of caregivers will lower clinical productivity, particularly at the beginning of implementation.

• Privacy of the patients is continuously a substantial concern.

Career Prospects for EHR Professionals

With the EHR systems becoming popular in the healthcare industry, there are numerous possibilities for the people in this field. With the expansion of this field, there are various jobs for professionals.

Clinical and caregiver careers, such as patient-care specialists, nurses, physician assistants and doctors. Non-clinical resource requirements would comprise billing and collections, data and quality management, admissions, and more. Lastly, there is a requirement for IT professionals, with skills in system applications and procedures, data and analytics, and business procedures.

With ever-changing healthcare sector and numerous benefits associated with the same, the demand will reach a value of USD 9,642.9 million by 2030.

Read More

North America Dominated the 3D Printing Materials Industry

The 3D printing materials market was USD 2,578.8 million in 2022, and it will reach USD 16,230.8 million by 2030, advancing at a rate of 25.9% in the years to come.

Plastics holds the largest share in terms of volume, over 30%. This is because of the low prices, easy availability of plastics and their use in numerous designs.

To learn more about this report: https://bit.ly/3weQL4D

Additionally, plastic materials offer high adaptability, extreme temperatures, resistance to abrasion, shock, physical distortion, and chemicals; excellent flexibility, sturdiness, and high elasticity, which further increases their consumption.

The filament form dominated the industry in the recent past. This has a lot to do with the use of filaments in toys, numerous household objects, educational models, and cars. Some of the frequently used filaments are PP, nylon, TPU, PLA, ABS, and PVA.

Because of the high strength, low cost, and wide variety of applications, the requirement for 3D printing filaments will keep on increasing in the years to come.

North America dominated the 3D printing materials market, around 45%, in the recent past. This has lot to do with the growth and wide acceptance of the use of this technology in product manufacturing and mass customization . The governments of numerous countries are encouraging the usage of 3D printing.

Furthermore, Europe followed North America in the recent past, with about 35%. The  progress of the industry in this region is powered by the existence of notable aircraft manufacturing companies, for example EuroJet Turbo GmbH, Airbus SE, ArianeGroup, and European Satellite Navigation sectors. As 3D printing materials offer users a simple supply chain, lessen risk, and are lightweight, their acceptance has increased in the aerospace sector.

It is because of the increasing use of 3D printing in the manufacturing sector, the demand for 3D printing filaments will increase at the rate of knots in the future.

Read More