Medi-Tech Insights Research Reports

Pharmacy automation is defined as a mechanical system that performs operations involving the storage, packaging, dispensing, or distribution of medications while enabling control of the operation and electronic documentation of transactions. It enables pharmacies to streamline workflows and reduce the risk of errors. Innovations in Advanced Pharmacy Technologies Drives the Pharmacy Automation Market Innovations in digital technologies enables pharmacies to handle high prescription loads safely and efficiently. When pharmacy automation first became popular, pill counting was one of the only techniques available in the market. Nowadays, there are several more accessible automation machines available some of them include, automated medication dispensing s ystems, automated storage and retrieval s ystems, a u tomated packaging and labeling s ystems, table-top tablet c ounters , and automated c ompounding d evices . Recently, several technological developments have been made to improve

Liquid Biopsy is a procedure of sampling and analyzing non-solid biological tissues (such as blood and others), for the screening of cancer and other inflammatory conditions, associated with cardiac and other medical disorders. The sampling procedures are minimally invasive, quick and incur minimal patient pain and risk. Liquid Biopsy also helps in the early diagnosis of various types of cancers such as breast cancer, non-small cell lung carcinoma, lymphomas, head and neck cancer, and leukemia. Advent of Advanced Technologies for Liquid Biopsy Drives the Global Market Liquid biopsy is an emerging technology and has the potential to revolutionize early cancer detection by analyzing available ctDNA for specific mutation profiles, fragmentation patterns, and methylation signatures. The significant developments in a digital polymerase chain reaction (PCR) and next-generation sequencing (NGS) technologies has led to a significant reduction in sequencing cost with the improvement in the

Surface disinfectants are chemical agents applied to non-living objects to destroy bacteria, viruses, fungi, mold, and mildews living on the objects. They can also be incorporated in different forms, such as liquids, wipes, and sprays. Currently, various categories of disinfectants are used in commercial and industrial facility maintenance to prevent the transmission of microbial infections or cross-contamination. The most common types of disinfectants are hydrogen peroxide, quaternary ammonium compounds (Quats), chlorine compounds, alcohols, aldehydes, iodophors, and phenolic compounds. Surface Disinfectant Usage for Infection Prevention Drives the Surface Disinfectant Market The outbreak of COVID-19 pandemic caused by the SARS-CoV-2 virus is the most contagious and dangerous disease in recent history. However, using the right type of surface disinfectant routinely for cleaning the facility is critical in preventing the spread of infections and diseases like COVID, influenza, an

The remote and predictive maintenance of medical devices is becoming essential due to the growing digitalization and shift towards connected devices and cloud-based infrastructure. The medical device industry is now increasingly embracing the use of advanced technologies like The Internet of Things (IoT), Artificial Intelligence (AI), and data analytics to resolve problems faster and effectively. The market for remote and predictive maintenance was growing but Covid-19 gave it a much-desired push. However, perceived complexity and data security concerns may pose a huge challenge to its growth.   Shift from Preventive/Reactive Maintenance to Predictive Maintenance Preventive maintenance is typically scheduled on a recurring basis but could be sometimes unplanned. It is based on the theoretical failure rate and not on actual machine data. Moreover, reactive maintenance is time-consuming and breaks the operations workflow leading to costly downtimes. On the other hand, predictive mainte

Hemostasis is the body’s natural reaction to an injury that stops bleeding and repairs the damage. The capability helps in conserving blood and prevents infection. Hemostats are surgical tools that are used in surgical procedures to control bleeding. Technological Advancements are driving the Hemostats Market Growth Uncontrollable bleeding poses substantial fatality risks and costs in the battlefield, emergency, and hospital settings. To address these concerns, players operating in the market are focusing on developing hemostatic agents that can rapidly control bleeding, possess antibacterial properties, can be used as adjuncts to control bleeding during surgical procedures, and control residual problematic bleeding if conventional methods fail. In Feb 2022, Futura Surgicare Pvt Ltd. ’s new vertical Dolphin Hemostats launched hemostatic products under the brand Hemostax (Oxidised Regenerated Cellulose). Hemostax Standard is an absorbable hemostat that is designed to help surgeons

Hyperbaric Oxygen Therapy (HBOT) is a non-invasive technique that is used to increase the rate of healing of damaged tissues. In this treatment, the air pressure is increased two to three times higher than the normal air pressure. Thus, the oxygen-carrying blood helps to fight bacteria and other unwanted hosts in the body by promoting healing. HBOT is used to treat wounds as a result of radiation, air bubbles in blood vessels, and many other serious infections like diabetes, venous or arterial insufficiency, crush injuries, and wounds/tissue damage caused by the late effects of radiation therapy. Presently , HBOT uses 2 types of chambers: Monoplace chamber: This chamber is built for one person. It's a long, plastic tube that resembles an MRI machine. The patient slips into the chamber. It is slowly pressurized with 100% oxygen. Multiplace chamber: This chamber, or room, can fit two or more people at once. The treatment is largely the same. The difference is that people breathe pure

The life science market is evolving rapidly and is witnessing growing complexity, stringent regulations, the need for faster innovations, and the trend towards digitalization. This in turn drives the demand for pharma and biotech consulting services including drug development, regulatory affairs, scientific writing, economic affairs, quality assurance and compliance, real-world evidence solutions and pharmacovigilance (PV).   Rising Demand for Advanced Therapies Consulting Services Advanced therapies, such as cell and gene therapies and personalized vaccines require specialized expertise throughout the development, manufacturing, and regulatory process. Due to the rapidly evolving Advanced Therapy Medicinal Products (ATMP) landscape, it’s essential to have through knowledge and expertise to successfully develop a product and gain a centralized market authorization (MA) in Europe and/or a Biologic License Authorization (BLA) in USA. With rapidly expanding research on cell and gene t

e-Prescribing is the prescriber's ability to electronically send an accurate, error-free, and understandable prescription directly to a pharmacy from the point of care. Multiple benefits of e-prescribing (such as enhanced patient safety, reduced prescription and medication errors, instant clinical alerts, prescription fulfillment tracking, etc.), Covid-19, favorable regulatory environment in select countries, accelerated use of telemedicine, growing focus on reducing the abuse of controlled substances, increasing adoption of EHR solutions, government initiatives and incentive programs are some of the key factors driving the Global e-Prescribing Market. Covid-19 Triggers the Growth of e-Prescribing Market Covid-19 pandemic has adversely impacted health services internationally and several health providers  were compelled to change their methods of service delivery. In the wake of the Covid-19 pandemic, e-Prescribing emerged as an important tool in creating a safe environment t

Vision Impairment is the limitation of one or more eye functions or visual systems. This can range from mild vision impairment to total blindness. The most common causes of visual impairment are uncorrected refractive errors, cataracts, and glaucoma . In such situations of visual impairment, assistive technologies for visual impairment can be used. Increasing prevalence of visual impairment & blindness, growing prevalence of eye disorders , rising awareness regarding assistive technologies for the visually challenged, and growing government initiatives for awareness & funding for the advanced devices are some of the key factors driving the growth of vision impairment devices market. Advent of Advanced Technologies for Visual Impairment Devices In the past years, the main option for visually impaired people for vision assistance was magnifying lenses. Today's assistive technology tools not only include better magnification devices, but also advanced software, apps, and

Decentralized clinical trials (DCTs) employ a method of conducting clinical trials where parts or all of the trial happen outside a traditional physical clinic or trial site. Clinical trial studies are conducted via telemedicine, mobile/local healthcare providers & digital/mobile technologies. Covid-19 Pandemic spurs Adoption of Decentralized Clinical Trials Market Covid-19 has adversely impacted health services internationally and the clinical industry was no different. More than 2000 trials registered on ClinicalTrials.gov were terminated because of the challenges of doing clinical research during the Covid-19 pandemic. Covid-19 adversely impacted participant recruitment, retention, the safety of trial subjects, protocol compliance, and highlighted the need for safe, reliable, and secure remote capabilities, which in turn led to a renewed focus on digitization. In the wake of the Covid-19 pandemic, decentralized clinical trials (DCT) emerged as an important tool using which

Next-generation sequencing is a technique for determining the sequence of DNA or RNA in order to investigate genetic variations linked to diseases or other biological phenomena. NGS refers to a set of technologies that use massively parallel sequencing to generate millions of short read sequences in a shorter time and with considerably higher throughput. Recent developments in sequencing platforms, growing applications of NGS, increasing demand for NGS services, development of advanced bioinformatics tools, high investments in R&D, and growing incidence of cancer and infectious diseases are some of the key factors driving the growth of the global next-generation sequencing market. Technological advancements in sequencing platforms to fuel its market demand Continuous advances in sequencing technology have enabled to develop efficient, portable, and easy-to-use NGS sequencers to deliver swift and precise results while also reducing turnaround times. Such advancements tend to provi

Dental consumables are products used on patients by dental practitioners or dentists to treat and/or perform procedures associated with preventive, restorative, diagnostic, and emergency oral health issues. Dental consumables primarily comprise dental implants, crowns and bridges, dental biomaterial,  orthodontics , endodontics, and periodontics. Advent of CAD/CAM Technology in Cosmetic Dentistry Drives the Dental Consumables Market Dental CAD/CAM  is a relatively new technology that can improve the patient experience during dental treatment. CAD/CAM dentistry uses software that helps dental professionals to perform complex restorations faster, more efficiently and with more accurately. Both dental practices and laboratories use CAD/CAM technology to construct restorations like crowns, inlays, onlays, veneers, bridges, dentures, and implant-supported restorations from high-strength ceramic.  High adoption of dental consumables in the treatment of tooth restoration, dental impairmen

Vaccines are sensitive biological substances that can lose their potency and effectiveness if exposed to temperatures outside their range. Vaccine storage equipment (such as refrigerators and freezers) plays a key role in protecting individuals and human communities from vaccine-preventable diseases. Proper storage and handling of vaccines begin with an effective vaccine “Cold Chain”. If the cold chain is not properly maintained, then vaccine potency may be lost. Implementation of the Global Vaccination Programs across the World Vaccination programs are among the most cost-effective ways to prevent disease. Currently, a large number of vaccination programs are run by international organizations (WHO, UNICEF) as well as local governments across the globe. Some of the leading global programs include Immunization Program by UNICEF, and Vaccines for Children (VFC), among others. Covid-19 Impact and Government Initiatives Fuels the Market Demand The outbreak of the COVID-19 pandemic