Key Best Practices for Improving Healthcare Market Research
Gone are the days when the existence of robots was limited to sci-fi movies. Today they are everywhere – from the retail sector to the healthcare industry – due to their high efficiency. The healthcare industry being highly sensitive in nature, has to be on their toes to ensure that patients are given the highest quality of care. Hence, the healthcare industry is looking at innovative technology such as medical robots to enhance their service levels and provide a unique experience to their patients. Wonder what benefits these medical robots offer to healthcare? Here is the answer:
Surgery is often considered as an epitome of an unpleasant experience. The long waiting lists in hospitals that depend on the available manpower add to it. Also, surgery is a complex process in which human error may occur; this is where medical robots dive in to save the day. With the help of robotics, the tasks are made easier for surgeons.
Handling Monotonous Tasks
In a conventional hospital scenario, the nurses attend to the patients regularly to keep a check on their health. Due to repetitive tasks that have to be carried out for long periods of time, the nurses might find it monotonous, eventually resulting in an unpleasant experience for the customers. Medical robots act as robotic nurses that are designed to carry out repetitive tasks without any deterioration in quality.
Various robots are currently being designed to interact with patients and to keep a check on their living conditions and the need for further assistance. With the security and privacy systems in place, these medical robots can help improve the lives of caretakers and patients.
Exoskeletons are Becoming a Reality
Many of us maybe familiar with exoskeletons that have been widely utilized in many movies and video games. It is a type of medical robotics using which people who have the disability to walk or are paralyzed can walk. It is also an important tool used in the rehabilitation of patients with stroke or spinal cord injuries.
The help of medical robotics could help relieve the workload of pharmacists. Robots can process information much faster and much more accurately when compared to humans. In this way, medical robots could make more precise recommendations after examining the patient’s medical records.
The introduction of advanced technology in the medical device industry has revolutionized and improved the health care services globally. With health information technology (HIT) playing a key role in the developments of the medical device industry, manufacturers have started developing new and innovative medical equipment, surgical tools, and innovative devices. The medical device industry itself is a highly competitive and complex market space with never-ending regulatory compliances, minimum entry-exit barriers, and several players striving to retain their market share. In order to overcome such challenges, the manufacturers must stay abreast of the latest trends and recent developments in the medical device industry.
#Trending Now: What’s New in The Medical Device Industry?
Recent developments are set to transform the current market scenario in the medical device industry. Such developments can be attributed to the sudden surge in the demand for medical devices and surgical equipment from emerging countries such as India and China as compared to the demand from developed markets such as Europe and the US. As the global healthcare industry has shifted their focus from diagnosis to prevention, medical device manufacturers have directed their efforts and monetary resources towards inventing solutions and products that facilitate home care/ remote monitoring, provide patient access, and promote telehealth, and mobile health services. Infiniti’s industry analysts have identified four major trends that are revolutionizing the medical device industry, which are as follows:
- Increasing Mergers and Acquisitions in the medical device manufacturing landscape by prime OEMs to boost growth and drive profitability
- Rising popularity of wearable medical devices such as fitness trackers and glucose monitors all across the globe are projected to impact the healthcare revenue positively
- With recent cyber-attacks and security threats, the medical device manufacturers must put a higher emphasis on ensuring cyber-security as the devices are connected to the cloud and are prone to hacking and data theft
- The latest trend in additive manufacturing, more commonly referred to as 3D printing, has forayed into the medical device industry, as manufacturers are exploring the role of 3D medical printing, developing new and innovative devices, and its role in biomaterials and surgical planning
But in this fast-paced world how do we equip ourselves and adapt to the latest trends, you ask? The answer may seem complex but is very simple; medical device manufacturers must leverage market intelligence and competitive intelligence solutions that offer actionable insights to facilitate strategic decision making and positively impact the organizational bottom line.