Almost 77% of the disease burden and 86% of all annual deaths in Europe are a result of chronic diseases, as per the World Health Organization (WHO). For instance, almost 60 million people in the continent suffer from diabetes, and the WHO says that this number is steadily going up. People of all ages are falling prey to this common, yet pestering endocrine disorder due to obesity, physical inactivity, and poor diet. Similarly, the agency says that heart diseases kill more people than tuberculosis, acquired immune deficiency syndrome (AIDS), and malaria together, in Europe. With the rise in the prevalence of all such chronic diseases, the hospitalization rate is going up.
In today’s time, be it monitoring and therapeutic equipment, bathroom safety equipment, medical furniture, or personal mobility equipment, everything needs to be strong and long-lasting. Among these, durable monitoring and therapeutic equipment has been in the highest demand in the continent, owing to its extreme importance in patient care. Systems such as infusion pumps, blood glucose monitors, oxygen equipment, and vital sign monitors are not only essential in healthcare settings, but several of them are also quite expensive. Additionally, with their heavy usage round the clock, they suffer wear and tear, which is why they must be durable.
Further, among the various monitoring and therapeutic systems, vital sign monitors account for the highest installation rate, and the situation is expected to be the same in the coming years. The reason for this is that in surgery rooms, patient rooms, and emergency wards, these devices are quite essential. A single system provides information regarding the patient’s blood pressure, heart rate, respiratory rate, body temperature, and oxygen saturation. Any deviation from the standard values of these parameters can be easily seen on the screen, which enables swift medical intervention.
All such durable medical equipment is used at ambulatory surgical centers (ASCs), hospitals, and home care settings. Till 2018, hospitals procured these products in the highest numbers, as the patient footfall is the highest at such places. People prefer to visit hospitals because such establishments offer better healthcare facilities and employ professionals from all fields of medicine. In the coming years, the installation of such systems is expected to grow the fastest in home care settings, due to people’s preference for privacy and increasing geriatric population, which cannot always travel to a hospital.
Germany is currently the largest European durable medical equipment market, as it is home to a large number of hospitals, more specifically 1,951 in 2018, which hosted over 19 million patients that year, according to the Federal Statistical Offices. In the coming years, the purchase of such products is projected to escalate the fastest in the U.K., as the life expectancy here is increasing. The Institute for Health Metrics and Evaluation (IHME) has reported an increase of 4.2 years in the life expectancy of women and 6.3% for men during 1990 and 2017 in the U.K.
Hence, on account of the increasing patient pool, the demand for sturdy and long-lasting medical devices is rising in Europe.
1 November 2018, the global Healthcare BPO Market size is expected to witness high growth over the forecast period.
These factors are driving the adoption of BPO in the medical sector.High prevalence of various diseases has increased workload of medical institutions.
Through adoption of outsourcing solutions, these organizations are able to focus on their core activity to maintain quality of service.
Database management and analysis are the key activities requiring professionals with adequate interpretation skills.
Staff recruitment for such activities turns out to be a costly affair.
Hence, hospitals find it easy to partner up with service providers located at distant locations.However, risks associated with this business model are major restraints hampering overall growth of the healthcare BPO market.
The medical sector is growing rapidly.
As healthcare and medicine are two very important parts of human life.
These two things are always in demand all around the world as every person requires medical help at some point in their life.
According to the studies, the medical sector has developed drastically and is making huge amounts of money if compared to the last couple of years.
But still, in many countries, there is lack of medical centers that treat patients and even provide an area for staying.
Open your own physical therapy center where you can help disabled patients to perform a basic task.
