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

Three-dimensional graphene: Experiment at BESSY II shows that optical properties are tuneable May 24th, 2017

Leti to Demo 1st Wireless UNB Transceiver for ‘Massive Internet of Things’ at RFIC 2017 and IMS 2017: Leti Will also Present Three Papers & Two Workshops on 5G Communications IC Design, from RF to mm-Wave, During IMS 2017 and RFIC 2017 in Hawaii May 24th, 2017

GLOBALFOUNDRIES and Chengdu Partner to Expand FD-SOI Ecosystem in China: More than $100M investment to establish a center of excellence for FDXTM FD-SOI design May 23rd, 2017

Zap! Graphene is bad news for bacteria: Rice, Ben-Gurion universities show laser-induced graphene kills bacteria, resists biofouling May 22nd, 2017

Possible Futures

Three-dimensional graphene: Experiment at BESSY II shows that optical properties are tuneable May 24th, 2017

GLOBALFOUNDRIES and Chengdu Partner to Expand FD-SOI Ecosystem in China: More than $100M investment to establish a center of excellence for FDXTM FD-SOI design May 23rd, 2017

Zap! Graphene is bad news for bacteria: Rice, Ben-Gurion universities show laser-induced graphene kills bacteria, resists biofouling May 22nd, 2017

Leti Will Demo World’s-first WVGA 10-µm Pitch GaN Microdisplays for Augmented Reality Video at Display Week in Los Angles: Invited Paper also Will Present Leti’s Success with New Augmented Reality Technology That Reduces Pixel Pitch to Less than 5 Microns May 22nd, 2017

Nanomedicine

Zap! Graphene is bad news for bacteria: Rice, Ben-Gurion universities show laser-induced graphene kills bacteria, resists biofouling May 22nd, 2017

Sensors detect disease markers in breath May 19th, 2017

Oddball enzyme provides easy path to synthetic biomaterials May 17th, 2017

The brighter side of twisted polymers: Conjugated polymers designed with a twist produce tiny, brightly fluorescent particles with broad applications May 16th, 2017

Announcements

Three-dimensional graphene: Experiment at BESSY II shows that optical properties are tuneable May 24th, 2017

Leti to Demo 1st Wireless UNB Transceiver for ‘Massive Internet of Things’ at RFIC 2017 and IMS 2017: Leti Will also Present Three Papers & Two Workshops on 5G Communications IC Design, from RF to mm-Wave, During IMS 2017 and RFIC 2017 in Hawaii May 24th, 2017

GLOBALFOUNDRIES and Chengdu Partner to Expand FD-SOI Ecosystem in China: More than $100M investment to establish a center of excellence for FDXTM FD-SOI design May 23rd, 2017

Zap! Graphene is bad news for bacteria: Rice, Ben-Gurion universities show laser-induced graphene kills bacteria, resists biofouling May 22nd, 2017

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

Three-dimensional graphene: Experiment at BESSY II shows that optical properties are tuneable May 24th, 2017

Zap! Graphene is bad news for bacteria: Rice, Ben-Gurion universities show laser-induced graphene kills bacteria, resists biofouling May 22nd, 2017

Sensors detect disease markers in breath May 19th, 2017

Graphene-nanotube hybrid boosts lithium metal batteries: Rice University prototypes store 3 times the energy of lithium-ion batteries May 19th, 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