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Posts in the Trends & Insights category

Infographic: United States Healthcare Video Conferencing Market

By Verify Markets | | Trends & Insights | 0 comments | Read more

Smart hospital beds enabling effective patient monitoring and effective delivery of care

Smart hospitals beds have a remote monitoring system which keeps a track of the patient. Smart hospital beds contain sensors for body temperature, heartbeat, blood, oxygen and pressure sensors, among others. All of these signals are required and necessary for the doctors to monitor the health of the patients. This system is located in the hospital beds and transfers all patient signals to the supervisor, especially in those cases which require intense care. This critical information is sent to the central system of the hospital and enables health supervisors to instantaneously review and monitor patient’s vitals. In addition, this system sends alert messages, or signals, to the supervisors in case of any sudden change in the status of the patient during that period of time. Since a large amount of time spend on the bed, it is imperative for the hospitals to monitor the patient’s condition while the person is on the bed. Smart beds have offered an effective solution for healthcare providers to constantly monitor patients to provide better care to the patients. Such advanced beds with monitoring devices ease the burden of the hospital staff that is responsible to monitor the patient’s condition. In addition, smart beds have proved instrumental for healthcare providers to predict, detect and prevent unscheduled bed exits.

The market of smart hospital beds is in emerging stage and is expected to create an impact in the medical devices with the increase of its commercialization. There are some factors, such as the increasing demand for comfort from hospitals, rising healthcare expenditure, on-going technological advancements and growing prevalence of chronic diseases, which are driving the growth of this market. However, high costs of such advanced beds have limited the adoption of smart beds and poses as a major restraint in the growth of this market.

The Asia Pacific smart hospital beds market is expected to grow at a significant growth rate due to the increasing privatization of hospitals in major countries including China, India, Indonesia, and Thailand, among others. Moreover, factors such as ageing population and increasing healthcare expenditure in the region are further expected to fuel the growth of the smart hospital beds market in the Asia Pacific region. Hospitals in major countries including China, Japan, India, Indonesia, Thailand, and Malaysia create high demand for smart hospital beds in the Asia Pacific region.

Some of the prominent players involved in the smart hospital beds are Paramount Bed Co., Ltd., AKFA Holdings, Narang Medical Ltd, Stryker Corporation, TENTE International, Eldon Enterprises Inc., Wanma Electron Medical Co. Ltd., Hill-Rom Holdings Inc., Getinge Group, Invacare Corporation and LINET spol. s r.o, among others.


By Verify Markets | | Trends & Insights | 0 comments | Read more

Need for biometrics technology to enhance efficiency and provide improved security in the healthcare industry.

Biometric technology has been embraced by numerous industries across the world for ensuring physical and information security. Enabling enhanced security and convenience in physical access control, biometric technology has offered immense benefits to every organization. In the healthcare industry, biometrics plays a critical role in patient identification and validation, and helps towards reducing healthcare frauds. With the increasing use of electronic healthcare records (EHR), large amount of sensitive healthcare information is exchanged between various stakeholders in the healthcare industry. The complexity and volume of such information exchanges has led to increased concerns related to data security and integrity. Lack of accuracy in patients’ healthcare information can lead to catastrophic results such as loss of life, irreparable physical damages and erroneous medication. From the providers’ perspective, such instances can lead to numerous expensive recovery processes and loss of faith among patients. Biometrics has offered a viable solution to the healthcare industry to improve patient identification, ensure data integrity and authenticity and reduce redundancy.

One of the critical applications of biometric technology in the healthcare industry is in electronic health records (EHR). Various biometrics technologies, including fingerprint scanning, iris scanning, and facial recognition, among others, can be applied to the EHRs to ensure information security, privacy and integrity. The use of biometrics has enabled healthcare organizations to reduce fraudulent use and exchange of personal health records. In addition, healthcare providers can efficiently access accurate medical information and effectively react to medical emergencies. Other applications of biometric technology include access control, billing management, workforce management and workflow optimization.

Some of the key technologies used in biometrics include fingerprint recognition, iris recognition, facial recognition, and voice recognition, among others. Depending on the application, healthcare organizations can deploy numerous technologies within the healthcare facilities to ensure optimum security and workflow efficiency. For instance, fingerprint recognition can be used to provide basic access controls and identification functions, whereas a combination of such recognition techniques can be deployed for accessing critical locations and sensitive information within the healthcare facility. Moreover, use of touch-less recognition techniques such as facial, voice and iris recognition, can enable organizations to avoid contamination and infections.

Companies operating in the biometrics market are engaged in developing specialized biometric technologies for the healthcare industry. Some of the leading companies which offer biometrics technology to the healthcare industry include SRI International, BIO-key International, Inc., Morpho SAS, iTouch Biometrics, LLC., FST Biometrics Corporation, and NEC Corporation, among others.

By Verify Markets | | Trends & Insights | 0 comments | Read more

Electronic Health Records (EHR)

The overall U.S. healthcare industry has been working towards providing effective healthcare services at affordable prices. In addition, government initiatives, such as the Affordable Care ACT, have made it imperative for healthcare providers to embrace digital exchange of healthcare information to reduce costs of healthcare services. Electronic health records (EHR) are a digital record of patient’s health information, which can be further applied to billing and scheduling appointments. In order to deliver better healthcare management practices, EHR has proved to be an effective tool for healthcare providers to ensure reduction of costs and continuity of care.

Numerous countries across the world have adopted EHR as long-term healthcare strategy. It is expected that EHR will be at the core of next generation healthcare, becoming the backbone for family medicine practices strategy. In order to reap full benefits of the EHR system, healthcare practices require significant transformation to improve the quality of care.

By Verify Markets | | Trends & Insights | 0 comments | Read more

Increasing focus of personal healthcare monitoring is driving the wearable medical device market

The wearable medical market is about to witness immense growth opportunities, according to a Verify Markets analysis. The wearable medical device is the new generation of technology that provides interactive information services. The wearable medical device is an integration of biosensors, which monitors physiological data (mostly with a wireless communication medium). This device provides real-time data reports and feedback to the doctor; it also reports...
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Solar Power Rental in Asia Pacific

In our  
previous posts, we introduced a solar power rental and discussed its market in the GCC countries. Today, we will report on the solar power rental market of Asia Pacific. In the Asia Pacific region, Japan, Singapore, India and Australia are few of the countries spearheading the dawn of this future market, which would ensure easy availability and affordability of clean energy on a commercial scale. Singapore’s solar leases are different from GCC rentals, explained in our previous post. In Singapore...
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Rising demand of energy and increasing shift towards renewable sources of energy is driving the solar power photovoltaic (PV) market, globally

The global market for solar power photovoltaic (PV) systems is anticipated to grow at a rapid pace, owing to the rising energy demand and increasing shift towards renewable sources of energy, according to a Verify Markets analysis. The use of fossil fuels and other non-renewable energy sources has given rise to environmental pollution. These environmental concerns have led the energy producing organizations and governmental authorities to shift their...

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Grid Integration Effect on GCC countries’ Power Rental Market

Gulf Cooperation Council, or GCC, countries started integrating their power grids in November 2005. The interconnection was planned in three phases. The first phase, completed in 2009, interconnected the power grids of Kuwait, Saudi Arabia, Bahrain and Qatar. These interconnected countries took to power trading, i.e. exchanging of electricity for a price among themselves, for first time during summer of 2010. Since then, there have been 1,100 instances of power trading between the GCC countries for stability and support of individual power grid of the countries.The UAE connected to the power grid in 2011, which operationalized...
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Four Reasons Why Market Research is Important

Market research is an extremely important aspect to a business, although often neglected. If you invest heavily into an idea without understanding where the market is headed, or what your customers want, your efforts will go waste. It’s always best to keep track of the market pulse; and that’s exactly what market research is.

1. Walking in the customer’s shoes: Understanding the customer’s psyche is what a lot of companies pay heavily for, but are...
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Clean Water: A Basic Human Right

Basic human rights are fundamental rights that every person is entitled to simply because he or she is a human being. International laws have enlisted a number of basic human rights, which every government must ensure to provide its citizens. One such important human right is access to clean water. Unfortunately, this situation remains an unrealized dream. According to a WHO and UNICEF Joint Monitoring Programme for Water Supply and Sanitation conducted in 2013, it was reported that...
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