The Smart fitness wear market is expected to grow at a CAGR of 30% over the forecast period from 2016 to 2024. Smart fitness wear are gaining popularity at a rapid pace.
Exceptional access to a universe of data has offered ascend to the engaged, yet doubtful, customer. So is the situation with medicinal services, where the patient has been rendered more educated.
Delivery systems in personal care market are expected to grow over the forecast period owing to the increasing disposable income and growing product effectiveness. The other drivers of this market are changing lifestyle, increasing population, and technological advancements. Delivery system is one of the important integral parts of the personal care market, because it is very important that product should reach on time to their end customer.
The global healthcare BPO market size is expected to witness high growth over the forecast period. Increasing need to reduce operational costs is anticipated drive the market. The business process outsourcing (BPO) model has several advantages such as easy availability of skilled labor, low rates, and reduced training costs. Through outsourcing, medical organizations can concentrate on their core competencies and reduce their efforts and investments on support activities.
The global Hospital Information Systems (HIS) market is expected to foresee a considerable growth over the forecast period. One of the crucial factors contributing to the HIS market growth is augmented demand for unconventional health monitoring systems. The global industry has been witnessing increased adoption of mobile devices and this trend is expected to continue over the forecast period. However, shortage of skillful professionals may pose a challenge to market growth in the coming years.
Peptide therapeutics market is expected to grow over the forecast period owing to the increasing prevalence of cancer and other various metabolic diseases. The other growth drivers of this market are introduction of technological advancements such as hybrid method of synthesis of peptides, lifestyle induced diseases such as obesity & diabetes, sophisticated healthcare infrastructure, increasing population and awareness.
Medical nonwoven disposables market is expected to grow over the forecast period owing to the increasing prevalence of incontinence and growing global population base. The other growth drivers of this market are growing incidences of hospital acquired infections, sophisticated healthcare infrastructure and higher disposable income.
Electronic health record market is expected to witness lucrative growth over the forecast period owing to the increasing demand of digitalization and automation in healthcare sector. An electronic health recorder can store a wide range of data relating to laboratory test results, medical history of the patients, diagnostic images, patients medication and demographics. Adoption of EHR in healthcare can build a strong communication relation between clinicians and patients by sharing electronic information about patient’s health.
Artificial organs are man-made devices which are integrated into human body to replace the natural organs which are either partially or completely not performing its functions at all. The substances used for marking artificial body parts are known as biomaterial. Increasing number of accidents and growing rate of man-made hazards are anticipated to drive the market for artificial organs and medical bionics market over the forecast period.
The rising incidences of chronic diseases globally coupled with the increasing demand of advanced drugs for the diagnosis of these diseases are expected to propel the growth for bioinformatics market.The implementation of information technology to manage biological information efficiently is known as bioinformatics. Decreasing cost of DNA sequencing, continuous advancement in information technology support for bioinformatics devices and increasing aids from government & private sector organizations for bioinformatics are some of the key factors which are triggering the growth of bioinformatics market over the forecast period.
Healthcare IT market is expected to grow over the forecast period owing to the increasing prevalence of chronic disorders such as diabetes, cardiovascular diseases, and cancer. The other drivers for this market are government initiatives to provide better healthcare facilities for its people and the need for excellent healthcare systems to curb expenses. The use of information technology in the healthcare sector is to develop, implement and improve information systems for the industry. The main objective of healthcare IT is to decrease paperwork, improvement of healthcare quality, enhance healthcare accuracy, increase efficiency and by reducing error while maintaining medical records.