With health data analytics and services moving to new avenues from 2015, the hope for medical industry looks positive in 2016. A number of activities in 2015 will influence patient engagement platform, pharmacies, and drug & device market in shaping strategies or policies. Here are the major 8 possible trends and predictions for healthcare 2016, which can pose the world to a better future.
1. More of Wearables Health Devices
Medical wearables are gaining grounds as monitoring technologies, especially for diabetes and cardiovascular health. Some of the industry leaders are Proteus Digital Health, Vital Connect, and Neurometrix. As per healthcare market records, 29% of users depend on electronic personal records for health, 24% of customers use mobile applications to track wellness, while 16% utilize wearable sensors. But, very soon 47% of relevant consumers will use only wearables, whose market will hit $6 billion in few years.
2. Economical and Speedy Point of Care Testing (POC)
New diagnostic care methods and models are spurting given faster and less expensive POC, as reported by leading market research firms. Some of the commercialized POC test platforms such as connectivity features, molecular POC, microfluidics, biosensors etc. will greatly enhance in turnaround times (about 5 to 15 minutes). This will allow testing services to become much more feasible.
3. Free and Subsidized Preventive Care
Preventative services by government and private enterprises will overlook use of creative technology. Thus, care and cost burden on chronic diseases will reduce. Such cares will be accessible to everyone, engaging more consumers to meet their demands of optimum medical capacities. In pharmaceuticals and healthcare, the free preventive services for medical industry is industry is going to peak at 90%.
4. Regenerative Medicine Market
Regenerative market in pharmacies is going to be the chief trend in 2016. As business is estimate to hike by 22.4%, investments in this niche is the ultimate goal. Favorable legislative policies are being formed in cell therapy market products as well. As per market research, the global regenerative medicine market in 2016 will reach $30 billion.
5. Increase of Retail Primary Care
In 2015, a lot many investments were seen in medical footprint. New mergers, partnerships, and acquisitions were made to advance tools and health services. In 2016, these efforts will be continued with greater participation from retailers. They will plan to lead the primacy care facilities.
6. New Development Bank (NDB) Expends on Pharma
NDB is worth $100 billion capital, an alternate to global banking zones dominated by European and American stakeholders. Previously it was Brazil, Russia, India, China, South Africa (BRICS) Bank. But, now NDB is focusing more on bettering lives of people from developing countries. It will invest in infrastructure for pharmaceuticals and healthcare, keeping in mind the undeserved populations.
7. Population Health Tool
The growing need of population health tools is motivating companies to think differently. Organizations are becoming systematized and accountable, as the paradigm of compensation has taken place, cutting down issues of fallacies or corruptions. Even the health management of patients has improved.
8. Retooling and Overhauling of Outdates Facilities
To avoid closure of clinics, the concerned organizations are doing everything from recourse utilization to reform hospital layout. In the healthcare market, we see such an overhauling initiative worth $1.3 billion by Dallas’s Parkland hospital. These institutions are seeking to adapt new care delivery systems to raise the patients’ satisfaction, than closing down their centers.