Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > New Technologies, Business Models Emerging to Fix Trillion-Dollar Health Care Market: Low-Cost Distributed Sensors and Diagnostics Are Growing in Importance in the New Paradigm as Companies Innovate to Tackle Spiraling Health Care Costs and Improve Therapeutics, Says Lux Research

Abstract:
Soaring health care costs across the globe, accompanied by growing demands from aging populations and emerging economies, are fueling technological and business innovation to address an emerging need in an industry worth trillions of dollars, according to Lux Research.

New Technologies, Business Models Emerging to Fix Trillion-Dollar Health Care Market: Low-Cost Distributed Sensors and Diagnostics Are Growing in Importance in the New Paradigm as Companies Innovate to Tackle Spiraling Health Care Costs and Improve Therapeutics, Says Lux Research

Boston, MA | Posted on August 14th, 2013

In the emerging paradigm, new lower-cost, distributed sensors and diagnostics will become much more important than our current, traditional late-stage diagnostics and reactive therapeutic strategies.

Examples of newer technologies include wearable devices such as smart fabrics; deep-brain stimulation devices to treat growing neurological diseases, near-infrared spectroscopy for inexpensive brain imaging, and multi-purpose devices that can measure and display core vital signs.

"The seeds of change have already started to sprout. New technologies focused on improving the quality of, and access to, health care are emerging across the medical spectrum," said Milos Todorovic, Lux Research Analyst and the lead author of the report titled, "Revolutionizing Health Care: Using New Technologies to Address Age-Old Challenges."

The report is the first State of the Market assessment from the new BioElectronics Intelligence service launched in March.

Lux Research's new specialized service will study the emerging environment in which increasing technological innovation, along with alternative business models, seek to overturn health care's rigid regulatory structures, entrenched market channels, and high costs.

Lux Research views the spectrum of health care through 'the health preservation cycle' -- characterized by four stages; Maintenance, Diagnosis, Treatment and Monitoring -- to predict the new class of technology winners, along with major implications for traditional players in the new landscape.

To better understand the drivers shaping the new health-care space, Lux Research analysts evaluated the trends in emerging technologies. Among their findings:

Direct-to-home and wellness are ways of the future. Many companies are turning their attentions to the still-nascent home health and wellness markets. New sensor technologies for ubiquitous monitoring of vital signs; analyte detection technologies to screen for diseases; and Big Data analytics will help identify causal effects between lifestyle choices and chronic conditions.

Combination devices will lower cost, optimize treatment. On the therapeutic front, popular trends in health and medical device innovation include smart delivery devices for drugs and biologics, nanotechnology for less-invasive surgeries, and device-based therapies and implants that will challenge traditional pharmaceuticals. Over the long term, intelligent implants will connect straight into the central or peripheral nervous system, enabling direct control, lowering the costs for doctor visits and customizing treatment.

Personalized medicine requires advanced technologies. The trend toward personalized medicine is driving the industry toward smaller, implantable devices that can provide targeted therapy. New biocompatible materials and bioresorptive flexible electronics, for example, will be used for controlled and defined period release of implanted drugs.

Razor and razorblade strategy. Health-care will borrow the powerful business model offered by the traditional "razor and razorblade," where the bulk of revenue is realized from consumables. For medical devices, the comparable applications are designed one-time use devices used for analyte detection and imaging. Many of these will be targeted for direct home use.

The report, titled "Revolutionizing Health Care: Using New Technologies to Address Age-Old Challenges," is part of the Lux Research BioElectronics Intelligence service.

####

About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients.

For more information, please click here

Contacts:
Carole Jacques
Lux Research, Inc.
617-502-5314

Copyright © Marketwire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Strength of hair inspires new materials for body armor January 18th, 2017

Self-assembling particles brighten future of LED lighting January 18th, 2017

Dressing a metal in various colors: DGIST research developed a technology to coat metal with several nanometers of semiconducting materials January 17th, 2017

Nanoparticle exposure can awaken dormant viruses in the lungs January 17th, 2017

Possible Futures

Strength of hair inspires new materials for body armor January 18th, 2017

Self-assembling particles brighten future of LED lighting January 18th, 2017

Dressing a metal in various colors: DGIST research developed a technology to coat metal with several nanometers of semiconducting materials January 17th, 2017

Nanoscale view of energy storage January 16th, 2017

Nanomedicine

New active filaments mimic biology to transport nano-cargo: A new design for a fully biocompatible motility engine transports colloidal particles faster than diffusion with active filaments January 11th, 2017

Keystone Nano Announces FDA Approval Of Investigational New Drug Application For Ceramide NanoLiposome For The Improved Treatment Of Cancer January 10th, 2017

Captured on video: DNA nanotubes build a bridge between 2 molecular posts: Research may lead to new lines of direct communication with cells January 9th, 2017

Arrowhead Provides Response to New Minority Shareholder Announcement January 7th, 2017

Announcements

Strength of hair inspires new materials for body armor January 18th, 2017

Self-assembling particles brighten future of LED lighting January 18th, 2017

Dressing a metal in various colors: DGIST research developed a technology to coat metal with several nanometers of semiconducting materials January 17th, 2017

Nanoparticle exposure can awaken dormant viruses in the lungs January 17th, 2017

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

Strength of hair inspires new materials for body armor January 18th, 2017

Self-assembling particles brighten future of LED lighting January 18th, 2017

Dressing a metal in various colors: DGIST research developed a technology to coat metal with several nanometers of semiconducting materials January 17th, 2017

Nanoparticle exposure can awaken dormant viruses in the lungs January 17th, 2017

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project