Global healthcare market is changing rapidly, and advanced healthcare technology is one of the driving forces behind the change within the industry. New innovations within medical devices, software are changing how healthcare industry is being administered via financial & care perspectives. Augmented reality, virtual reality, drones, remote patient monitoring devices, internet of things (IoT), 3D printing, robots, drones, block-chain, artificial intelligence, app enable patient portals, etc., are the technologies that would influence healthcare industry in the long run according to OBRC studies. Besides advancements in technology, there are certain market scenarios that will drive demand for advanced healthcare technologies market globally. Factors like high volume of inpatient & outpatient, rising cost of treatment, focus on value based healthcare service, and shortage of healthcare service providers.
Advancements in healthcare technology will be supplemented by increasing healthcare expenditure spending. According to Institute for Health Metrics and Evaluation (IHME) at University of Washington, global healthcare spending is anticipated to reach $18.28 trillion by 2030 increasing from $7 trillion in 2016. Industrial Research Institute anticipates healthcare research & development spending to increase by an average 4% per annum till 2023. Increasing investments in research & development would provide the required growth impetus for advanced healthcare technology market in the long run.
Augmented reality & virtual reality is much sought after technology for healthcare education. Healthcare institutions are using both augmented reality & virtual reality to train future physicians in complex treatment regimes. Cabin simulators, projected reality, telepresence, visually coupled systems, and desktop virtual reality are different immersive perceptions showcased via virtual & augmented reality technology for physician training. Notable tools in the market are 3D4medical, Echopixel, Second Life and so on. Augmented reality & virtual reality is also being used in treatment of phantom limb pain, autism, post-traumatic stress disorder, etc. OBRC analysis estimates augmented & virtual reality market in healthcare to grow at CAGR 18% till 2023.
North America and Europe are dominant markets for advanced healthcare technologies in terms of research funding, technology adoption and revenue. However, emerging & developing economies within Asia Pacific and Middle East & Africa are set to provide growth impetus for advanced healthcare market in the long run. Advanced healthcare technologies market within Asia Pacific and Middle East & Africa will be driven by aging population, increasing healthcare expenditure, changing regulatory policies, government healthcare investment scheme, large population pool and positive economic outlook. Our reports offers advanced healthcare technologies market scenarios at both regional and country level. Regionally our analysis circumvents around industrial applications and top countries. Our reports offer market forecast for top countries within region, complete with top products & players within each country for advanced healthcare technologies market.
Advancements within healthcare technologies market would bring regulatory challenges in the long run. With new technologies or processes within healthcare domain, comes new regulatory & policy adjustment from concerned government departments and competent authorities that regulate the future market. New policies & regulations would result is changing business environment. At OBRC, our analysts keep tab on changing regulatory landscape and new policies or directives issued by government that can impact advanced healthcare technologies market in the long run. Our reports offer brief regulatory scenario for each of the niche advanced healthcare technologies market, also showcasing present & future possible legislations with respect to use of advanced healthcare technologies product within the leading markets. Our report offers corporate profiles for fifteen top companies within advanced healthcare technology markets. Company profile showcases company product portfolio, strategic initiatives, research & innovations and SWOT analysis.
Analysts at OBRC are focused on technologies and services present within niche advanced healthcare technologies market. Markets within advanced healthcare technologies domain are valuated keeping consumer demand, healthcare investments, technology costs, and future investment possibilities. The market valuation is carried out via primary and secondary research process. The data for advanced healthcare technologies market valuation is gathered from online journal publications, certified healthcare associations, and government & public administration statistics. The estimated market value is cross checked with industry experts within that particular niche market and other varied primary sources within the industry. Our reports offer strategic analysis for each of the niche market within advanced healthcare technology sector via models like investment versus adoption, porters five force, 360 degree analysis and so on.
Some of the recent reports within advanced healthcare technology domain are global internet of things (IoT) market in healthcare, global remote patient monitoring device market, global advanced healthcare ceramics market, global augmented reality & virtual reality in healthcare market, global healthcare master data management market, global healthcare artificial intelligence market and so on. Analysts at OBRC are researching and updating reports on niche markets within advanced healthcare technology domain. Some of the titles worked on by out analysts currently are global point of care diagnostics market, global healthcare robotics market, global rehabilitation robots market, global mobile robots market in healthcare, global healthcare games & simulation market and so on.