Innovations in the field of life sciences and healthcare technology are triggering a new wave in the life sciences industry. Developing portable health products could deliver quality solutions to the existing challenges in the healthcare industry and offer affordable healthcare services to the customers. These innovations are primarily targeted at healthy aging population, in par with the changing needs of care. .
World and life are becoming mobile, modern healthcare is also widely adapting to the micro wave in technology. Likewise Increased connectivity, home- care, tele medicine has resulted in a high demand for portable devices. One of the major factors influencing the demand for portable medical devices could be the need of diagnostics in the remote corners of the country. This is where majority of the population still resides, especially in a country like India. Providing timely medical assistance to those living in inaccessible pockets away from the urban areas, has always been a major hurdle in our healthcare.
With wearable medical devices and smart wearable sensors gaining popularity in the country, the scope of innovation in the sector is growing by leaps and bounds.. Leveraging technology to administer care is reshaping the way care is delivered.. The catch here is in its ability to move medical equipment out of the hospital and into the patient’s home.
Growing trend of shrinking of technology, ease of use, cost efficiency and rising awareness have led to a radical increase in the growth of portable medical devices market. Portable medical devices are designed in a way that the healthcare providers’ team will be able to give immediate, effective and continuous care to the patient when required. with increasing life expectancy, geriatric care is gaining paramount importance in healthcare. Subsequently, there is a parallel rise in the demand for home care where in which the treatment is administered at patient’s home itself with the aid of portable medical devices installed within the setting.. For eg. In case of patients who require critical long-term support but at the same time do not need to be in complex care setting, portable ventilators could be provided. Typically, these portable ventilators drive air into the breathing circuit with a motor-driven piston or a turbine. In the home setting, O2 is usually delivered directly into the breathing circuit from a separate source, such as an O2 tank.
. Portable medical devices can be installed at home easily and could be administered with e with minimal third party assistance. It enhances the scope of preventative healthcare, by providing better care for cardiac-related disorders, diabetes etc through regular monitoring and treatment. Portable medical devices follow a two-pronged approach to improve care by helping the patient by minimizing the time spent on doctor visits and at the same time helping the doctor making an early and accurate diagnosis.
Portable medical devices are definitely improving the homecare environment in terms of monitoring and treatment. This will only improve with the continuing integration of smart technology into the devices, which allows minor adjustments to be performed at home instead of in a hospital.
In the international medical device market picture, North America and Europe are the two key regions accounting to over 70% of the global portable medical devices market. Evolution of the global wearable medical device market is powered by a growing demand for user-friendly and self-monitoring devices, point-of-care technology, rising awareness on one’s own health, the increasing prevalence of non-communicable diseases s such as diabetes, hypertension, and cardiovascular disease and related morbidity.. In the international medical device market picture, North America and Europe are the two key regions accounting to over 70% of the global portable medical devices market. However, in the coming years, there is a huge opportunity for the Asia Pacific market to be a key driver to the growth of the portable life sciences industry. The huge gaps in the healthcare industry, inaccessibility to quality care, reimbursements and insurance policies, favorable government initiatives and remarkable technological and economical advancements contribute significantly in this regard.