Major Trends Influencing the Healthcare Chatbots Market

Chatbots are artificial intelligence software that can have conversations with users based on the principle of natural language processing (NLP). The chatbot processes the input provided by the user, focuses on the semantics, searches for the terms in the knowledge database, and provides the suitable answer as per its knowledge set.

Topics: Software & Enterprise Computing Healthcare Industry Insights

The Rising Demand for Patient Monitoring Devices

The global patient monitoring devices market is expected to grow from $22.4 billion in 2018 to $30.7 billion in 2022 at an annual growth rate of more than 8%.

Topics: Healthcare Medical Devices

$1.2 Billion U.S. Meditation Market Growing Strongly as It Becomes More Mainstream

Meditation is becoming more mainstream in America, boosted by the popularity of experts like Deepak Chopra and Eckhart Tolle. Meditation studios are appearing more often in major cities, and meditation classes are increasingly being offered in the workplace and college campuses to combat rising societal stress levels and to raise worker productivity and morale. Last year, 22% of employers were expected to offer mindfulness training.

Topics: Healthcare Industry Insights

U.S. Diagnostic Imaging Center Industry Worth $19 Billion

The U.S. is the largest medical imaging market globally due to the high disposable income and health insurance of consumers. More than 630 million X-rays, CT & PET scans, MRIs, ultrasounds, and mammographies are performed each year, representing an important part of the healthcare system.

Topics: Diagnostics Healthcare Industry Insights

5 Factors Shaping the Future of Genomic Medicine

Genomic medicine has the potential to save lives, transform medical practice around the world, and drive billions of dollars of economic activity, according to a new white paper by BIS Research titled The Five Forces of Genomic Medicine.

Topics: Biotechnology Healthcare Industry Insights

The Rise of Robotic Surgery in the Healthcare Industry

The rise of robotics and automation across all industries is not something new. From automotive, warehousing and logistics to supply chain management to travel and hospitality to healthcare, robotics has become the most critical innovation of this decade. Talking particularly about healthcare, experts believe that autonomous robots could soon be regular members of any hospital’s staff, performing diagnostic duties, reading case histories and even assisting in surgeries.

Topics: Healthcare Medical Devices Industry Insights

U.S. Kidney Dialysis Clinics Form a Profitable $24 Billion Industry

Kidney dialysis is a life or death, crucial healthcare service that costs about $90,000 per year per patient. The large competitors have enjoyed a near monopoly for years, but changes are coming that could hamper that growth and profitability.

Topics: Healthcare Industry Insights

U.S. Physical Therapy Clinics Constitute a Growing $34 Billion Industry

Physical therapy services provide a cost-effective way to prevent short-term disabilities from becoming chronic conditions, to help avoid invasive procedures, to speed recovery from surgery and musculoskeletal injuries and to eliminate or minimize the need for opioids.

Topics: Healthcare Industry Insights

Aging Global Population to Drive $1 Trillion Nursing Care Market

According to a recent report from The Business Research Company, the global nursing care market will grow to more than $1,100 billion at an annual rate of 8.6% to 2022. The market will be driven by the growing aging population and the introduction of robots to complement overburdened care workers, reducing current labor shortage issues that are restraining the market.

Topics: Healthcare Industry Insights

Virtual Reality and Augmented Reality in Healthcare: A Market Overview

Augmented reality overlays digital information in an augmented form in the physical world. It enables the gathering of data and presents the data in 3D condition. Virtual reality (VR), on the other hand, is where computer-assisted technology is used to construct a simulated environment virtually. At present, the global virtual reality and augmented reality market across different end-user industries was valued at $12.15 billion in 2018 and is projected to reach $78.45 billion by 2025.

Topics: Software & Enterprise Computing Healthcare Industry Insights