There is a new shift in the healthcare sensors market, unlike the usual fitness sensors and consumer durables, there is now a development in the medical grade sensors market; these biosensors automatically and continuously measure clinically relevant vitals. The sensors then transmit the collected data including heart rate, respiration, temperature, skin inflammation ) data to a connected clinical decision support software application, these software can then be configured to set limits and in case of an inappropriate reading inform the physician or a caregiver to allow them to take prompt action.
As compared to the early 90’s when hepatitis and measles were a big problem, now diseases like cancer and diabetes are at its maximum and can be prevented if detected early and managed on time. With rising costs of healthcare and hospitalization and a rapidly increasing rate of aging population, this could well be a savior for the population. USA has a large population of baby boomers, currently there are 2.5 million boomers with eldest touching 70.
As per BCC Research , in 2010 the healthcare global market for biosensors was $15.4 Billion and is expected to grow due to a rise is demand for point-of-care diagnostics and monitoring, aging of the population with its concomitant increase in the prevalence of chronic disease, increasing healthcare costs and unmet healthcare needs. It is predicted that this number is bound to increase, and the demand for biosensors in the United States alone will grow by 7.7% annually.
Devices like the Sensiotec Virtual Medical Assistant, Abbott Diabetes Care’s Freestyle Libre Flash, and HealthPatch are poised to change the way clinicians and patients manage a wide variety of disorders.
AS per a recent research by Grand view research, it was found that global Glucose Biosensor Market is anticipated to witness lucrative growth during the period of 2015 to 2022 and is expected to reach USD 31.0 billion by 2022.
Biosensors can provide an answer to many issues,
- High rate of chronic diseases: With the chronic diseases increasing at a very high rate, biosensors can provide answers to the issues at hand and help in early detection and thereby prevention of such diseases.
- Noninvasive: unlike tests which require invasive tests like blood tests and other such tests to detect the levels, biosensors use the advanced technology to dtect and measure vitals without being invasive.
- Comfort and ease: biosensors allow a person to be in their comfort areas, home, and office or anywhere else and yet allow the sensors to keep a tab on the health and the vitals.
- Advanced technology : Since the technology used in these sensors is so advanced , it is precise and can help the physician diagnose and prescribe the exact medication
In the future, there is research on biosensors that can perform a complete blood workup from just a single drop. That’s the promise of nanoscale plasmonic interferometry, a technique that combines nanotechnology with plasmonics—the interaction between electrons in a metal and light.
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