The topic of healthcare has been a sensitive one and it is in the limelight again in the current times as people are actively involved in providing healthcare benefits to every person sans their financial status. From the struggle of saving the Patient Protection and Affordable Care Act (aka Obamacare) in the U.S. from repealing to providing basic healthcare to the poverty-ridden people in the third world countries through the U.N. aid, healthcare has always held a prominent place in people's lives as well as politics.

The technological advancements over the last five decades have helped in spreading awareness about healthcare and increasing investments from governments across the world. The scientists are working continuously on developing sophisticated infrastructures to fight the challenges posed by lesser known and new organisms like crypto, which is making the traditional methods of drug discovery almost futile. The advancement and innovation of new healthcare technologies are developing the platform for the growth of precision medicine market, which is expected to reach $88 billion by 2022.

In a country like India, Tuberculosis (TB) is still a leading cause of death among the people. Despite the increasing healthcare market in the country, the World Health Organisation had suggested that India had an estimated incidence figure of 2.2 million TB cases in 2015. The deep chasm between the developed and developing economies in terms of healthcare facilities and their distribution has become very much evident if one looks at the statistics. The developing and underdeveloped nations need to harness technology and innovation, with a flexible approach based on their socio-economic and population context to provide quality healthcare and a better life to their people.

One of the biggest challenges faced by developing and underdeveloped nations is the infant mortality rate and maternal mortality rate. Due to lack of basic amenities and healthcare equipment, the lives of the mother and the infant faces dire consequences. Medical aids in these nations are working on providing the facilities in the villages and remote areas along with spreading awareness about the maternal health and care. The prospect of incorporating wearable devices in the facilities to monitor the mother's as well as infant's health is inviting and many foundations are working towards the development of affordable devices and treatments.

Along with this, people are also looking for better quality prenatal testing to ensure a healthy fetus and its further development. Hence, non-invasive methods have been spreading steadily in the healthcare facilities, methods such as MaterniT21 PLUS, Harmony, Panorama, verifi, NIFTY, PrenaTest, IONA, and BambniTest. The market for non-invasive prenatal tests (NIPT) is expected to grow in volume at a CAGR of 18.8% in Asia Pacific region, as the region holds a potential pool of patients due to the large population base and high birth rate.

The constantly increasing population, especially the high number of older age population, which constitutes 8.5% of the total population currently, has increased the challenges in the healthcare industry. The rising number of chronic diseases such as pneumonia, cancer, and TB, and their associated complications such as pressure ulcers, foot ulcers etc. have opened up a pool of opportunities for wound cleanser products market, which is growing at a CAGR of 5.4% on a global scale. The increase in geriatric population has also propelled the market for in-vitro diagnostics, and it has a higher demand in emerging economies due to the evolving attitudes of clinicians and medical management. The IVD market is anticipated to reach a mark of $76 billion by 2023, capturing a substantial share of healthcare spending globally.

The increasing population has put an immense pressure on the hospital management system to reduce the number of deaths occurring due to medical errors. This has made the players in the healthcare market to develop high acuity information systems (HAIS) to aid healthcare providers in managing their patients more effectively, especially in departments such as critical care/intensive care unit (ICU), emergency department (ED) and operation theatre (OT). The HAIS market is expected to reach $13.69 billion by the end of 2025, as the impending need to cut healthcare costs without compromising on the quality of treatment has been acknowledged worldwide. The healthcare industry is witnessing a fast paced dynamic shift as the world is moving towards a more mechanized and automated future. The industry is rife with technological disruptions of different and myriad kinds, with market players trying to establish their business in untapped markets.

BIS Healthcare has covered a wide range of technological disruptions in the healthcare market in its market reports. The reports aim to provide an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints, and opportunities prevailing in the industry.