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Technavio Announces Top Three Emerging Trends Impacting the Global Connected Health Market Until 2020Technavio's latest report on the global connected health market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline. Amber Chourasia, a lead health and wellness analyst from Technavio, says, "Connected health focuses on optimizing available healthcare resources to facilitate personalized, flexible options for client-physician interaction and self-care. It uses technology to deliver healthcare services remotely. Connected health programs leverage advanced technologies like connected devices using established cellular networks to offer solutions such as telehealth, home care, and disease and lifestyle management to improve healthcare for chronic conditions." The top three emerging trends driving the global connected health market according to Technavio research analysts are:
Increased demand for energy-efficient construction equipment "The current healthcare system faces a shortage of resources. The supply of experienced medical professionals has been insufficient to meet the rapidly growing demand for medical services. The shortage of nurses is one of the major reasons for a drop in the quality of medical services. Northeastern University in Boston, Massachusetts, US has developed the concept of a virtual nurse to overcome this," according to Amber. Virtual nurses are a group of relational agents that act as a stand-in for front-line staff in hospitals. Their responsibility includes guiding patients on medication and other precautions necessary for their conditions. The virtual nurse created by Northeastern University, named Elizabeth, is being trialed at the Boston Medical Center. Virtual nurses will become an integral part of medical infrastructure in the future. Ptients can interact with virtual nurses through on-screen options and contact real-life nurses in case of any doubts. Increasing popularity of wearable devices Wearable devices using advanced sensor technologies that track ECG, muscle activity, and breathing are being used extensively. These devices work on M2M technology as the exchange of data takes place between two devices. For instance, wearable devices capture the movements of a patient, and this data can be directly sent to a physician's electronic devices. Also, these devices improve efficiency and reduce costs. Initially, the adoption of wearable healthcare devices was confined to developed countries. However, the decline in the average selling price (ASP) of these devices has positively influenced price-sensitive consumers in developing countries. As a result, vendors are shifting their focus to developing countries to boost their revenue and expand their consumer base. The decline in the ASP of smart wearables has increased their adoption and led to the generation of large volumes of digital health data. The increased popularity of smart wearable devices to monitor patient health is an emerging trend that will propel the growth of the market during the forecast period. Growing popularity of telemedicine Telemedicine is the delivery of long-distance healthcare with the help of telecommunications technology. For instance, Google's (News - Alert) Helpouts is a telemedicine service that connects users, experts, and medical professionals online. More and more people are self-diagnosing with the help of telemedicine. "Telemedicine technology has substantial potential in rural areas and developing economies such as Africa that experience a shortage of experienced physicians. Telemedicine helps in extended therapy, in which patients and therapists communicate remotely whenever a diagnosis or follow-up is required. The need for consumers to visit hospitals or clinics is thereby reduced," says Amber. Telemedicine helps manage chronic health conditions such as type 2 diabetes and heart diseases with remote monitoring and virtual visits. So, healthcare organizations have increased the adoption of telemedicine to harness the full potential of digital health technology. Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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