China is one of the world’s fastest growing economies, housing a fifth of the global population and one of the largest healthcare markets around the world. Along with sustained economic and population growth, as well as an aging population, the Chinese healthcare market has maintained an annual average growth rate above 16% since the1990’s. In 2014, the total value of medical devices in the Chinese healthcare market reached RMB 259.5 billion (approx US$41.8 billion). Imported medical devices made by overseas and multinational companies account for about a half. Many high-tech and high-valued medical devices, such as magnetic resonance imaging (MRI) equipment and computed tomography (CT) equipment, are almost monopolized by GE, Siemens, Philips and other overseas and multinational companies.

Telemedicine is increasingly gaining popularity due to its high potential for cost savings and increased efficiency in healthcare. Expert medical care through telemedicine can significantly improve the healthcare facilities at rural and remote locations. Advanced wireless and networking technologies coupled with recent advances in biotechnology, biosensors and software engineering has enabled the promising growth in telemedicine healthcare systems.

The outbreak of a hospital associated infection (HAI) known as CRE (carbapenem-resistant enterobacteriaceae) has raised concerns about hospitals and the medical devices they use. However, it is often the case that a problem for one business is an opportunity for another. With hospital infections on the rise, there is now a focus on services that can help hospitals sterilize facilities and devices.

For the past few years, talk of 3D printing and all the different things it can do has amazed the scientific community and the rest of the world. But now, 3D printing is impacting the lives of children in need in an entirely new way.

Healthcare market research publisher Kalorama Information has identified the top five trends in the healthcare field that made an impact in 2014 and will continue to be an influence throughout 2015. Kalorama compiled its list based on news events, growth rates of markets the firm studied in 2014, and information requests the firm receives from industry participants. 

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Growth in the $54.6 billion in vitro diagnostics (IVD) market during 2013 came from emerging markets while developed nation markets grew at a much slower pace. All of the major IVD companies reported large increases in the top seven emerging markets. This is mostly fueled by privatization and health insurance initiatives by governments and employers. Medicare price cutting in the U.S. is expected to continue, and the IVD market in Europe should remain essentially flat for the next few years. 

According to Kalorama Information’s biennial survey of the IVD industry, The Worldwide Market for In Vitro Diagnostic Tests, 9th Edition, China, Brazil and Korea were among the countries that received industry interest in the form of acquisitions, partnerships and expanded sales efforts.

The U.S. weight loss market has hit a plateau, experiencing  little growth over the last 6 years. After the downsize of the economy, consumers have decreased their purchases of diet drinks, health club memberships, medical programs, diet books, and exercise videos and moved forward to a more do-it-yourself (DIY) approach. Yet, small niches in the industry are starting to boom.

According to a report by publisher Marketdata Enterprises Inc., the value of the U.S. weight loss market declined by 1.8% in 2013, down to $60.5 billion. The market is expected to increase in 2014 with the increased DIY dieting trends and as organizations sort out the effects of the Affordable Care Act.

With more than 7 Billion mobile network subscriptions worldwide, the mobile communications sector is rapidly gaining traction from a diverse range of vertical sectors. Healthcare is no exception to this trend.

As healthcare providers seek to maximize their patient outreach while minimizing costs, many view mobile healthcare (or mHealth) as the solution to improve healthcare cost-efficiency. mHealth refers to the usage of mobile communications technology & devices to enhance access to healthcare information, improve distribution of routine and emergency health services and provide diagnostic services.

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