In the present day, busy lifestyles have reduced the quality of life significantly. Choice of high-calorie, nutrient-deficient, ready-to-eat packaged & processed foods and lack of physical activity in daily routines are reflective of many lifestyle related diseases. Obesity & heart conditions, diabetes, nutrient deficiencies and various forms of cancer are all much more commonplace in today’s scenario. In many developed nations, a trend of growing geriatric population is also seen.
Diagnosing these illnesses require sophisticated testing technologies. Laboratory-based test kits & reagents, scanners and other advanced imaging technologies are expected to witness high demand. Subsequently, treatment of these illnesses may require drug administration equipment, surgical equipment and monitoring devices. Due to the time-sensitive nature of healthcare, many medical facilities are also adopting real-time diagnostics and monitoring technologies.
Availability of affordable healthcare, increasing number of hospitals & clinics, and increasing awareness about diseases are expected to drive growth in the healthcare industry. Stringent regulations and complex approval processes may pose as challenges.