Emerging Trends and Opportunities in the Medical Sensors Market

Roots Analysis has done a detailed study on “Digital Health Market: Focus on Digital Therapeutics (2nd Edition), 2020-2030 (Based on Type of Solution (Software Solution, Gaming Solution and Combination Solution), Type of Therapy (Curative and Preventive), and Purpose of Solution (Medication Replacement and Medication Augmentation” covering key aspects of the industry’s evolution and identifying potential future growth opportunities.

To order this 500+ page report, which features 160+ figures and 200+ tables, please visit this link Key Market Insights Eminent representatives from companies across the world attest to the fact that there is growing interest in the digital therapeutics market, highlighting the prevalent and anticipated trends in R and adoptionOver 100 industry players are engaged in evaluating the potential of several prescription (validated through clinical research) digital therapeutic solutions to prevent / treat various chronic diseasesThe pipeline features a variety of digital health applications and therapy solutions that are in different stages of development, being investigated for diverse purposes, across a wide-range of clinical conditionsThese solutions have demonstrated applicability across more than 20 therapeutic areas; several products have been marketed / approved for the treatment or prevention of mental health problems and metabolic disordersIn pursuit of a competitive edge, digital therapeutic solution developers are focusing on the integration of advanced features into their respective products and affiliated offeringsIn the last few years, over 220 clinical trials evaluating the potential benefits of digital therapeutics in close to 80,000 patients, have been registered; most of these were / are being conducted at various centers in the USApart from the clinical benefit, cost is another key determinant of the acceptance and adoption of such novel interventions; pricing strategy matrix is likely to assist players to evaluate competitive market prices for solutionsTo support the ongoing innovation in this field, several private and public investors have made substantial capital investments, amounting to approximately USD 1.7 billion, in various initiatives of stakeholdersThe growing interest in this field is reflected by the increase in partnership activity, involving both international and indigenous stakeholders, across different geographical marketplacesIn order to promote the adoption of proprietary digital health solutions, developers are actively exploring various marketing strategies in order to highlight key features of their products across a number of platformsSeveral digital monitoring / diagnostic solutions are also available to manage / diagnose patients for various chronic diseases; specifically, these remote monitoring solutions have gained interest during COVID-19Given the rising incidence of chronic clinical conditions and a growing pipeline of modern medicines to treat such diseases, the market for evidence-based digital therapeutics is poised to grow at a CAGR of ~20% till 2030The projected market opportunity is anticipated to be well-distributed across different therapeutic areas, distribution channels and key geographical regions For more information, please visit https://www.rootsanalysis.com/reports/view_document/digital-health-market-focus-on-digital-therapeutic-monitoring-and-diag/208.html Table of Contents  PREFACE 1.1.

Programs Initiated by The Centers for Disease Control and Prevention (CDC)3.5.1.4.

Intercontinental and Intracontinental Agreements  GO-TO-MARKET STRATEGY10.1.

Digital Therapeutics Market for Combination Offerings (Software Application + Device + Personal Coach), 2020-203012.4.3.

Digital Therapeutics Market for Sleep Disorders, 2020-203012.8.8.

Healthcare systems have a huge amount of data that needs to be integrated and archived for future medical advancements.

However, due to the big size of data, it has been a challenge for providers.

There is clearly a need for a healthcare data archiving solution that will help healthcare providers in succeeding with data management.Did You Know… One patient can generate up to 80 megabytes of data annually.

Can you imagine how much data a hospital needs to manage every year?

Healthcare providers are struggling to properly manage this huge amount of data.

Most of the data that is generated annually is in the form of EMR and imaging data.

Healthcare Analytics Industry 2021Healthcare Analytics Industry is expected to grow at a CAGR of 27.84% over the Forecast Period Owing to Growing Advancements Patient Data Technology, says Absolute Markets InsightsIn terms of revenue, the global Healthcare Analytics Industry was valued at US$ 11.87 Mn in 2018 and is expected to reach US$ 29.99 Mn by 2022, growing at a CAGR of 27.84%over the forecast period.The growing demand for efficient decision-making in the medical industry from data-backed insights is globally strengthening the adoption of healthcare analytics.

The increased use of various analytical devices in healthcare systems in order to close performance gaps is driving the market growth.

The adoption of various wearable medical devices and sensors are aiding in the collection of individuals’ data.

Moreover, the industry is exploiting the broad potential of tools and techniques offered by healthcare analytics to help stakeholders better identify goals for public health and provide sound data-driven medical care.

For instance, Health Catalyst, a technology, and services provider offers data analytics to healthcare organizations.

Furthermore, in order to build the links between patients and healthcare providers, including those who provide insurance, insights from healthcare analysis are proving to be quite helpful.

For example, a survey conducted in May 2020 revealed that around 51 percent of patients feel uncomfortable with in-person check-ups with the pandemic’s prevalence, which led to the overwhelming adoption of Remote Patient Monitoring Devices.

However, even before the ‘new normal’ was a thing, patients with chronic conditions resorted to Remote Patient Monitoring Devices (RPM Devices) to avoid unnecessary hospital visits and streamlined patient care.The tech-savvy specialists have improved the game of Remote Patient Monitoring over the decade by coming up with smart digital wearables for chronic condition monitoring.

It allows the healthcare provider to efficiently monitor a patient’s symptoms, acting as a symptom-management tool, feeding data regularly to the practitioners, helping them to keep a tab on the patient’s condition from getting worse.Bring In New Patients From Remote AreasRPM Devices facilitate the admission of patients from remote areas that don’t have access to frequent check-ups.

When the physicians use Remote Patient Monitoring Software to garner data and review their patient’s chronic conditions effortlessly, a new road to see some bucks is also constructed.Hassle-Free WorkflowThere was a time when doctors and patients wouldn’t have thought about check-ups from the comfort of home.

Anyhow, we have come a long way with everything becoming digital including, patient care.

It has opened the possibility of fewer hours on-call, reduced emergencies, and less panic, in case of emergency.