Healthtech Market Expected to Incur Growth Opportunities with Advances in Ingestible Sensors and Smart Pills

Published on : Jun 21, 2018

Albany, New York, June 21, 2018: With consumer electronics and digitization becoming ubiquitous numerous verticals such as healthcare is relying on advanced technological solutions for seamless enablement. Surge in digital health practices has reflected favorably on the growth of healthtech market. To analyze the implications of recent trends and developments on the growth of healthtech market, Market Research Hub (MRH) has added a new research report titled, ‘Healthtech - Thematic Research’ to its database.

Robotics Emerge as Dominant Trend in Healthtech Market

Service providers in healthtech market are adopting digital means such as IoT technologies to leverage optimum healthcare amongst millenials. End-user expectations such as quick appointments with physicians, on-time delivery of drugs, and availability of monitoring devices have encouraged service providers to devise ways that mitigate the gap between end-users and care givers. Introduction of wearable is also expected lend new avenues in healthtech market.

Also, end-user demands such as occupational health activities are encouraging service providers to imbibe health information technology, robotics, virtual reality, and 3D printing amongst others to sustain their lead in helthtech market.

Indian healthtech company, Visit has successfully bagged sponsorship from Twitter co-founder, Biz Stone. The new entrant in healthtech market aims to incorporate AI to aid end-users in attaining appointments with practitioners. This AI enabled chatbox is first of its kind in the region that facilitates virtual consultation with doctors. With this venture, Visit aspires to establish its footprint in healthtech market.

Proteus Digital Health, a forerunner in digital medicines has announced several digital drugs in its pipeline. The company aims to innovate digital drugs that address critical medical conditions such as schizophrenia and cardiac ailments amongst others. The company has collaborated with Otsuka Pharmaceutical to formulate digital drugs for schizophrenia and bipolar disorders, post approval of their first drug in the category, Abilify Mycite. With this novel development, both the companies aim to strengthen their position in healthtech market.

Also, Illumina, a specialist in array-based solutions has successfully entered into a partnership with Bristol-Myers Squibb to develop latter's companion diagnostics pipeline. The company has also announced the launch of advanced next generation sequencing system, iSeq™ 100 aimed to improve data accuracy at an affordable rate. This venture will benefit healthtech market end-users’ escalated need to attain superior diagnostic system. 

Significant information presented in the report brief readers about various factors present in the healthtech market. Based on these core insights, readers can understand the impact of these factors on the holistic growth of healthtech market. Research components compiled in the report brief readers about various marketing tactics administered by leading companies to ensure growth in healthtech market. Also, readers with the aid of core findings can gauge the impact of these strategies in procuring positive end-user response and subsequent purchase decisions.

Competitive Matrix: Healthtech Market

Comprehensive research components articulated in the report brief readers about the winning marketing tools devised by core market players to spur maximum revenue generation and overall growth of healthtech market. New players in healthtech companies as well as existing ones can analyze these strategies thoroughly and gather pivotal deductions. These deductions help market players in executing profit driven marketing plans that augment maximization of revenues and leverage growth in healthtech market. Leading players identified in healthtech market include, Qualcomm, Proteus Digital Health, Oxford, Nanopore, Medtronic, Illumina, iCarbonX, IBM Watson,, Fitbit, First Sensor, Enlitic, Cyberdyne, Cerner, Biovotion, BGI Shenzhen, AtomWise, Apple, Alphabet, AliveCor, Agendia, 23andMe.

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