The worldwide increase in the elderly population and life expectancy has notably risen, presenting a positive influence on the healthcare system. This trend is anticipated to significantly augment the global medical device technologies market.
As per the World Ageing Population report, the global population aged 65 and above reached around 703 million in 2019, with expectations to surpass 1.5 billion by 2050, with East and Southeast Asia leading in the number of older adults, followed by Europe and North America. Consequently, the surge in the elderly population is foreseen to amplify healthcare and long-term care expenditures.
The elderly population commonly faces health issues such as hearing loss, back and neck pain, cataracts, osteoarthritis, chronic obstructive pulmonary disease, depression, diabetes, and dementia. This predicament is poised to drive the global medical device technologies market.
πππ πππ¦π©π₯π πππ©π¨π«π πππ : https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=26210
Technological Innovations
Innovations in technology, such as continuous glucose monitoring systems, mHealth devices, insulin delivery systems, and advancements in ophthalmology like smart adapters, implantable miniature telescopes, and premium intraocular lenses (IOLs), are expected to propel the growth of the medical device technologies market. Moreover, the integration of robotic technology in minimally invasive diagnostic and surgical procedures, coupled with advancements in medical imaging modalities like 3D/4D visualization, promises enhanced accuracy and rapid diagnosis.
Further, progress in 3D/4D imaging has led to the development of computer-assisted detection (CAD) and image analysis applications. Notably, a shift of biochemical and molecular operations towards chip-based microfluidic setups in recent years is also projected to contribute to the expansion of the global medical device technologies market.