2023 - Page 106 of 126 - Health Mettler Institute

January 19, 2023

Healthcare Technology Management Market Size Expected to Reach USD 63.2 Billion by 2030 | CAGR of 10.5{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f}

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Growing adoption of technologically advanced medical maintenance & repair of medical equipment is a major factor

VANCOUVER, BRITISH COLUMBIA, CANADA, January 18, 2023 /EINPresswire.com/ — The global healthcare technology management market size reached USD 25.74 Billion in 2021 and is expected to register a revenue CAGR of 10.5{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} during the forecast period, according to latest analysis by Emergen Research. Rising demand for better asset management in hospitals, increasing focus on preventive medical equipment maintenance, and growing adoption of technologically advanced medical maintenance & repair of medical equipment are some of the key factors driving revenue growth of the healthcare technology management market.

Healthcare technology administration entails all of the tasks and procedures necessary to guarantee that technology is applied in healthcare organizations in a way that is secure, palatable, and economical. Healthcare technology, which is crucial in this regard, serves the purpose of modern healthcare, which is to provide high-standard healthcare. Planning and management for healthcare technologies are complex and varied because they need a wide variety of knowledge, including proficiency in engineering, business, logistics, planning, and management. More people are realizing the importance of managing medical technologies and physical infrastructure well if they are to provide high-quality healthcare at a reasonable and sustainable cost. Healthcare Technology Management (HTM) is concerned with the best possible acquisition and use of medical technology as a part of efficient and reasonably priced healthcare services. The progress of technological innovation has revolutionized many areas of healthcare equipment management and related procedures to satisfy the key goals of health technology management, such as procurement, maintenance planning, and medical equipment replacement in a specific context where service continuity, privacy, reliability, and safety are critical.

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The growing need for better asset management in hospitals is one of the key drivers fueling the expansion of this business. In order to handle medical technology, hospitals must have regular maintenance, inspection, and testing protocols for all of the medical equipment in their inventory. As part of a program called regular maintenance, these tasks are being completed. The Medicine and Healthcare Products Regulatory Agency states that the time of maintenance procedures should be planned by the recommendations or methods made by the manufacturers in a different equipment maintenance program. As a result, there is a trend toward Technology-as-a-Service (TaaS) models, such as subscription services for technology management combined with structured upgrade capabilities, as they support the continual introduction of new and cutting-edge technologies in the future. Technology-as-a-Service (TaaS) plug-ins, such as Philips Technology Maximizer, seem to be an essential component of the transformation of the healthcare sector.

Market Development Factors

Increasing significance of preventative medical device upkeep and adaptability

The emphasis on routine maintenance of hospital equipment has changed as healthcare organisations work to increase patient safety and the calibre of care provided. This calls for a carefully thought-out plan in which routine maintenance tasks are carried out to prevent greater and more costly problems in the future. Due to telemedicine and patient portals, people can communicate with medical professionals in a variety of ways. Clinical professionals now have more tools to evaluate their patients’ health thanks to wearable technology, such as heart monitors, which also gives them more options for documenting and analysing symptoms while patients go about their daily lives.

Medical errors are now gradually declining

Since medical mistakes are common and an inevitable part of human performance, they are a growing subject of public concern. According to official Starfield and the American Institute of Medicine statistics, medical errors in hospitals and healthcare facilities are the third leading cause of death in the United States (IOM). Fortunately, technical developments have made it easier to develop systems that have been proved to reduce medical errors and increase the number of lives saved. Since they have a strong personal interest in it, patients and those who care for them are without a doubt the most valuable resource for healthcare professionals in enhancing patient safety.

Factor Restraining the Market

Data security and privacy Concerns are rapidly growing

A major concern with cloud solutions is that data kept by several suppliers is not as secure as data stored on-premise. Since patient information is regarded as sensitive, a higher level of privacy must be upheld in order to ensure that only authorised individuals can access it. Regulatory systems in a number of countries, like the US’s Health Insurance Portability and Accountability Act, have scrutinised patient information (HIPAA). The EU also has a number of directives governing data protection. In a number of nations, protected health information (PHI) about patients cannot be moved outside of the country in which it was created. The Personal Information Protection and Electronic Documents Act safeguards any personal information obtained, utilised, or released within Canada (PIPEDA).

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Emergen Research has segmented the global healthcare technology management market on the basis of service type, facility type:

Service Type Outlook (Revenue, USD Billion; 2019-2030)

Maintenance & Repair

Integrated Software Platform

Quality & Regulatory Compliance

Supply Chain & Procurement

Capital Planning

Labor Management

Others

Facility Type Outlook (Revenue, USD Billion; 2019-2030)

Acute Care Facility

Post-Acute Care Facility

Non-Acute Care Facility

Regional Segmentation

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Some Key Highlights From the Report

Acute care facility accounted for the largest revenue share in 2021. Providers of long-term care facilities will use health Information Technology (IT) to enhance care delivery and health outcomes while lowering overall healthcare costs. Research shows that within 30 days, 15.5{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} of patients were readmitted to an acute care hospital. Acute care hospital readmission rates for Medicare patients getting post-acute care services to vary, according to another study, and range from 11{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} for patients sent to in-patient rehabilitation facilities to 28{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} for those discharged to home health agencies. Long-term acute care facility managers can gain insights into what variables increase the cost of care and take action to mitigate those concerns with the help of the correct data healthcare analytics technology management. Reduced costs can result in more earnings, which you can then use to fund the renovation of other parts of your long-term acute care facility. These are the major factors driving the growth of the segment.

The capital planning segment is expected to grow at a steady revenue CAGR during the forecast period. Hospitals have been devoting a sizeable percentage of their resources to these endeavors in order to manage capital assets and meet the constant need for new medical equipment. However, they are ill-equipped to handle the management of existing inventories. Hospitals are creating medical technology management programs that require appropriate data and planning methods for integrating new equipment into existing operations as well as for minimizing costs of ownership for all equipment to objectively manage their investment. As a result, healthcare technology management includes capital planning services that optimize a hospital’s current inventory, cut down on pointless equipment purchases, and maximize the utilization of existing assets.

Europe accounted for a significant revenue share in 2021. Some of the major factors driving revenue growth of the healthcare technology management market in this region include the rapid technological advancement of mechanical commercial healthcare technology management, rising healthcare expenditure, attractive medical reimbursement policies introduced by the government, and ease of access to cutting-edge medical equipment and technologies. These factors dramatically improved revenue growth of the market in this region.

Browse the complete Global healthcare technology management Market Research Report – Industry Analysis, Size, Share, Growth, Trends@https://www.emergenresearch.com/industry-report/healthcare-technology-management-market

The report also studies the key companies of the healthcare technology management market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities. Some players analyzed in the report are:

Siemens Healthineers AG, General Electric Company, Koninklijke Philips N.V., Sodexo S.A., TriMedx LLC., Agility, Inc., Renovo Solutions, JANNX Medical Systems, Inc., ABM Industries, Inc., and Medtronic plc.

Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the healthcare technology management market?

What are the key product types and applications of the healthcare technology management industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the healthcare technology management market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the healthcare technology management Market by 2027?

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January 19, 2023

Therapy by AI holds promise and challenges : Shots

Some companies and researchers think smart computers might eventually help with provider shortages in mental health, and some consumers are already turning to chatbots to build "emotional resilience."

Just a year ago, Chukurah Ali had fulfilled a dream of owning her own bakery — Coco’s Desserts in St. Louis, Mo. — which specialized in the sort of custom-made ornate wedding cakes often featured in baking show competitions. Ali, a single mom, supported her daughter and mother by baking recipes she learned from her beloved grandmother.

But last February, all that fell apart, after a car accident left Ali hobbled by injury, from head to knee. “I could barely talk, I could barely move,” she says, sobbing. “I felt like I was worthless because I could barely provide for my family.”

As darkness and depression engulfed Ali, help seemed out of reach; she couldn’t find an available therapist, nor could she get there without a car, or pay for it. She had no health insurance, after having to shut down her bakery.

So her orthopedist suggested a mental-health app called Wysa. Its chatbot-only service is free, though it also offers teletherapy services with a human for a fee ranging from $15 to $30 a week; that fee is sometimes covered by insurance. The chatbot, which Wysa co-founder Ramakant Vempati describes as a “friendly” and “empathetic” tool, asks questions like, “How are you feeling?” or “What’s bothering you?” The computer then analyzes the words and phrases in the answers to deliver supportive messages, or advice about managing chronic pain, for example, or grief — all served up from a database of responses that have been prewritten by a psychologist trained in cognitive behavioral therapy.

That is how Ali found herself on a new frontier of technology and mental health. Advances in artificial intelligence — such as Chat GPT — are increasingly being looked to as a way to help screen for, or support, people who dealing with isolation, or mild depression or anxiety. Human emotions are tracked, analyzed and responded to, using machine learning that tries to monitor a patient’s mood, or mimic a human therapist’s interactions with a patient. It’s an area garnering lots of interest, in part because of its potential to overcome the common kinds of financial and logistical barriers to care, such as those Ali faced.

Potential pitfalls and risks of chatbot therapy

There is, of course, still plenty of debate and skepticism about the capacity of machines to read or respond accurately to the whole spectrum of human emotion — and the potential pitfalls of when the approach fails. (Controversy flared up on social media recently over a canceled experiment involving chatbot-assisted therapeutic messages.)

“The hype and promise is way ahead of the research that shows its effectiveness,” says Serife Tekin, a philosophy professor and researcher in mental health ethics at the University of Texas San Antonio. Algorithms are still not at a point where they can mimic the complexities of human emotion, let alone emulate empathetic care, she says.

Tekin says there’s a risk that teenagers, for example, might attempt AI-driven therapy, find it lacking, then refuse the real thing with a human being. “My worry is they will turn away from other mental health interventions saying, ‘Oh well, I already tried this and it didn’t work,’ ” she says.

But proponents of chatbot therapy say the approach may also be the only realistic and affordable way to address a gaping worldwide need for more mental health care, at a time when there are simply not enough professionals to help all the people who could benefit.

Someone dealing with stress in a family relationship, for example, might benefit from a reminder to meditate. Or apps that encourage forms of journaling might boost a user’s confidence by pointing when out where they make progress.

Proponents call the chatbot a ‘guided self-help ally’

It’s best thought of as a “guided self-help ally,” says Athena Robinson, chief clinical officer for Woebot Health, an AI-driven chatbot service. “Woebot listens to the user’s inputs in the moment through text-based messaging to understand if they want to work on a particular problem,” Robinson says, then offers a variety of tools to choose from, based on methods scientifically proven to be effective.

Many people will not embrace opening up to a robot.

Chukurah Ali says it felt silly to her too, initially. “I’m like, ‘OK, I’m talking to a bot, it’s not gonna do nothing; I want to talk to a therapist,” Ali says, then adds, as if she still cannot believe it herself: “But that bot helped!”

At a practical level, she says, the chatbot was extremely easy and accessible. Confined to her bed, she could text it at 3 a.m.

“How are you feeling today?” the chatbot would ask.

“I’m not feeling it,” Ali says she sometimes would respond.

The chatbot would then suggest things that might soothe her, or take her mind off the pain — like deep breathing, listening to calming music, or trying a simple exercise she could do in bed. Ali says things the chatbot said reminded her of the in-person therapy she did years earlier. “It’s not a person, but, it makes you feel like it’s a person,” she says, “because it’s asking you all the right questions.”

Technology has gotten good at identifying and labeling emotions fairly accurately, based on motion and facial expressions, a person’s online activity, phrasing and vocal tone, says Rosalind Picard, director of MIT’s Affective Computing Research Group. “We know we can elicit the feeling that the AI cares for you,” she says. But, because all AI systems actually do is respond based on a series of inputs, people interacting with the systems often find that longer conversations ultimately feel empty, sterile and superficial.

As Artificial Intelligence Moves Into Medicine, The Human Touch Could Be A Casualty

While AI may not fully simulate one-on-one individual counseling, its proponents say there are plenty of other existing and future uses where it could be used to support or improve human counseling.

AI might improve mental health services in other ways

“What I’m talking about in terms of the future of AI is not just helping doctors and [health] systems to get better, but helping to do more prevention on the front end,” Picard says, by reading early signals of stress, for example, then offering suggestions to bolster a person’s resilience. Picard, for example, is looking at various ways technology might flag a patient’s worsening mood — using data collected from motion sensors on the body, activity on apps, or posts on social media.

Technology might also help improve the efficacy of treatment by notifying therapists when patients skip medications, or by keeping detailed notes about a patient’s tone or behavior during sessions.

Maybe the most controversial applications of AI in the therapy realm are the chatbots that interact directly with patients like Chukurah Ali.

What’s the risk?

Chatbots may not appeal to everyone, or could be misused or mistaken. Skeptics point to instances where computers misunderstood users, and generated potentially damaging messages.

How Can Doctors Be Sure A Self-Taught Computer Is Making The Right Diagnosis?

But research also shows some people interacting with these chatbots actually prefer the machines; they feel less stigma in asking for help, knowing there’s no human at the other end.

Ali says that as odd as it might sound to some people, after nearly a year, she still relies on her chatbot.

“I think the most I talked to that bot was like 7 times a day,” she says, laughing. She says that rather than replacing her human health care providers, the chatbot has helped lift her spirits enough so she keeps those appointments. Because of the steady coaching by her chatbot, she says, she’s more likely to get up and go to a physical therapy appointment, instead of canceling it because she feels blue.

That’s precisely why Ali’s doctor, Washington University orthopedist Abby Cheng, suggested she use the app. Cheng treats physical ailments, but says almost always the mental health challenges that accompany those problems hold people back in recovery. Addressing the mental-health challenge, in turn, is complicated because patients often run into a lack of therapists, transportation, insurance, time or money, says Cheng, who is conducting her own studies based on patients’ use of the Wysa app.

“In order to address this huge mental health crisis we have in our nation — and even globally — I think digital treatments and AI can play a role in that, and at least fill some of that gap in the shortage of providers and resources that people have,” Cheng says.

Not meant for crisis intervention

But getting to such a future will require navigating thorny issues like the need for regulation, protecting patient privacy and issues of legal liability. Who bears responsibility if the technology goes wrong?

Many similar apps on the market, including those from Woebot or Pyx Health, repeatedly warn users that they are not designed to intervene in acute crisis situations. And even AI’s proponents argue computers aren’t ready, and may never be ready, to replace human therapists — especially for handling people in crisis.

“We have not reached a point where, in an affordable, scalable way, AI can understand every sort of response that a human might give, particularly those in crisis,” says Cindy Jordan, CEO of Pyx Health, which has an app designed to communicate with people who feel chronically lonely.

Jordan says Pyx’s goal is to broaden access to care — the service is now offered in 62 U.S. markets and is paid for by Medicaid and Medicare. But she also balances that against worries that the chatbot might respond to a suicidal person, ” ‘Oh, I’m sorry to hear that.’ Or worse, ‘I don’t understand you.’ ” That makes her nervous, she says, so as a backup, Pyx staffs a call center with people who call users when the system flags them as potentially in crisis.

Woebot, a text-based mental health service, warns users up front about the limitations of its service, and warnings that it should not be used for crisis intervention or management. If a user’s text indicates a severe problem, the service will refer patients to other therapeutic or emergency resources.

Cross-cultural research on effectiveness of chatbot therapy is still sparse

Athena Robinson, chief clinical officer for Woebot, says such disclosures are critical. Also, she says, “it is imperative that what’s available to the public is clinically and rigorously tested,” she says. Data using Woebot, she says, has been published in peer-reviewed scientific journals. And some of its applications, including for post-partum depression and substance use disorder, are part of ongoing clinical research studies. The company continues to test its products’ effectiveness in addressing mental health conditions for things like post-partum depression, or substance use disorder.

But in the U.S. and elsewhere, there is no clear regulatory approval process for such services before they go to market. (Last year Wysa did receive a designation that allows it to work with Food and Drug Administration on the further development of its product.)

It’s important that clinical studies — especially those that cut across different countries and ethnicities — continue to be done to hone the technology’s intelligence and its ability to read different cultures and personalities, says Aniket Bera, an associate professor of computer science at Purdue.

“Mental-health related problems are heavily individualized problems,” Bera says, yet the available data on chatbot therapy is heavily weighted toward white males. That bias, he says, makes the technology more likely to misunderstand cultural cues from people like him, who grew up in India, for example.

“I don’t know if it will ever be equal to an empathetic human,” Bera says, but “I guess that part of my life’s journey is to come close.”

And, in the meantime, for people like Chukurah Ali, the technology is already a welcome stand-in. She says she has recommended the Wysa app to many of her friends. She says she also finds herself passing along advice she’s picked up from the app, asking friends, “Oh, what you gonna do today to make you feel better? How about you try this today?”

It isn’t just the technology that is trying to act human, she says, and laughs. She’s now begun mimicking the technology.

January 19, 2023

UK’s Healthcare System In Crisis

The problem is remaining explained as the worst crisis given that the NHS was established up. (Representational)

London:

Five-12 months-aged Yusuf Mahmud Nazir died from pneumonia following staying despatched house, inspite of a health practitioner describing his tonsillitis as the worst he experienced ever observed.

Martin Clark, 68, was pushed to clinic by his spouse and children following they waited 45 minutes for an ambulance when he suffered chest pains at residence. He later died immediately after a cardiac arrest.

As nurses went on strike on Wednesday, with its concentrate on very low shell out, the extent of the disaster struggling with people in the UK’s point out-operate Countrywide Well being Company (NHS) is staying laid bare.

“We go to work just about every working day as nurses, and we do our finest, and our very best isn’t sufficient suitable now, and which is since our workload keeps expanding and our means aren’t matching that,” Orla Dooley, an accident an crisis nurse, advised AFP.

“It (the strike) is about people’s mums who are at residence in the group acquiring coronary heart assaults and not obtaining procedure for the reason that you can find no ambulances to go out to them.

“It is really about your father not acquiring medical procedures for most cancers, simply because you will find no bed for him to go to right after his operation.

“And it can be about your granny dying on a ward by herself since there’s no nurse to maintain her hand for the reason that there just is just not adequate nurses. That’s what it can be about.”

‘Suffering‘

The predicament is currently being explained as the worst disaster due to the fact the NHS was set up in 1948, with a individual aim on accident and crisis (A&E) but which also incorporates more time waiting around situations for other appointments and procedure.

In accordance to NHS England, a document 54,532 people today in December waited for a lot more than 12 hrs as soon as arriving at A&E.

The normal wait for an ambulance for category two people — which consists of suspected strokes or coronary heart attacks — is far more than 90 minutes. The focus on time is 18 minutes.

A&E health practitioner Waheed Arian told The Times this 7 days he was once confronted with 14 ambulances lined up outside the house his hospital in Coventry, central England.

“I experienced to open up up each ambulance and glimpse inside of and decide which individual could occur in due to the fact we only experienced two beds,” he explained.

“They ended up all struggling, they should really all have had a bed. The NHS is underneath these types of stress that we’re remaining asked to do things that we should not be doing.”

In Rotherham, northern England, young Yusuf’s uncle, Zaheer Ahmed, stated they were instructed there have been “no beds and not enough medical professionals” when they begged for him to be admitted.

“They kept indicating to us, ‘we’ve got one medical doctor. What do you want us to do? We’ve bought no beds accessible,” he informed British media.

Clark’s family members in East Sussex, southern England, reported he had been a in good shape person but they have been remaining pondering if he could have survived if he experienced obtained prompt remedy.

“The NHS is broken,” his widow Ann advised the BBC. “Most people is scared if they get unwell. Exactly where can they transform? A thing demands to alter.”

Excessive deaths

Ambulance staff, who launched a very first round of strike motion in December and are expected to stroll out all over again in the coming weeks, blame the situation on delays on admissions outside the house A&E.

The govt attributes the troubles to the effects of the pandemic but an increase in excess fatalities final calendar year have also been partly blamed on the staffing disaster.

What ever the cause, that is no consolation to Matthew Simpson, whose spouse Teresa, 54, had diabetes and the muscle wasting ailment myotonic dystrophy. She died immediately after approximately 17 hrs waiting around for support.

Mr Simpson, 47, from Hull, in northern England, stated he called the unexpected emergency 999 number following she grew to become baffled.

Equally fell asleep although waiting around for paramedics but when Mr Simpson woke up he observed his wife lifeless.

Paramedics finally arrived as he was trying to resuscitate her.

“A single hundred for every cent I think that if they obtained to my spouse in 6 hrs she would nonetheless be here,” he advised Sky Information.

Darrel Wilson, 54, from Stockport, says nurses told him he would not have survived experienced his spouse not pushed him to medical center herself.

He termed an ambulance a person night time in Oct at all over 10:00 pm immediately after suffering shortness of breath and upper body pains.

His spouse Debbie called 999 8 more moments throughout the night time before at last driving him to clinic just 20 minutes absent the following morning.

Mr Wilson reported nurses told him he “would not be alive” if he experienced waited for the ambulance.

(Apart from for the headline, this story has not been edited by NDTV team and is released from a syndicated feed.)

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January 19, 2023

Shoveling Snow Tips from Physical Therapy: Warming Up and Mechanics

By Tony Nguyen, PTA, a physical therapist assistant, Barnabas Health and fitness Ambulatory Treatment Center, Livingston, NJ

Winter season is listed here! Although the snow could be gorgeous to watch coming down, the shoveling that is most probably to follow may possibly be relatively terrifying. That is because the exercise is rather demanding on your entire body and can induce injuries or new onset back ache. So it is always a good strategy to retain your exercise by doing healthier exercising procedures prolonged ahead of the snow commences coming.

An important reminder, studies have indicated a physiological url amongst colder temperatures and coronary heart dangers. Physicians caution that individuals about 50 who are out of condition are at bigger chance for a heart attack when performing strenuous upper body training, like shoveling.

Below are some valuable tips to take into consideration right before heading out to the snow.

Heat up your muscle groups just before heading out. Shoveling is a significant intensity activity that involves a good deal of muscle motion and strength. Extend out your arms, neck and legs ahead of and just after you shovel.
Uncover the suitable variety of shovel. There are a lot of possibilities out there, and some are superior than others. A wider blade and a plastic shaft would seem to be much more the productive decision as it is substantially lighter than its steel counterpart.
Right mechanics and good, strong basis. Have on boots that have great tractions in the snow and preserve a broad foundation of aid. When you do have to raise the snow test not to lift as well significantly snow in the blade. Bend with your knees, engage your core muscle groups and try to throw it straight in front of you, rather of twisting to the facet. If you have salt all around, you can toss on patches that are icy.
Start off early and tempo your self. It improved if you can begin previously instead than wait for the snow to establish up and building it considerably heavier and compact. If it is deep, consider getting rid of it layer by later, commencing from the top down. If you really feel exhausted or sore, just take a break as needed.

Inspite of subsequent all of these tips you could possibly obtain yourself with normal agony or soreness, anything quite standard as your human body is just letting you know they acquired a training. If this happens, try out some mild stretching, resting or use ice or heat. If there is ache or soreness that won’t go absent immediately after a number of times, you might gain from some actual physical therapy at our Ambulatory Care Middle to enable deal with your pain! Satisfied winter and remain safe!

Tony Nguyen, PTA, is a physical therapist assistant at Barnabas Overall health Ambulatory Care Center in Livingston, NJ. He treats patients with both of those orthopedic and neurological conditions, with a unique fascination in concussion and Parkinson’s condition. Tony concluded his BA in Record and Education at Rutgers in 2010 and acquired his Associates of Actual physical Therapist Assistant at Essex County College or university in 2016. He a short while ago accomplished LSVT Significant certification and is at this time operating with early intervention kids as a youngster developmental specialist. When Tony is not in the clinic, he enjoys remaining active, expending time with loved ones and touring the globe.

The Cooperman Barnabas Healthcare Centre Rehabilitation facilities are open up and prepared to help you realize your objectives. With four places in West Orange, Millburn and Livingston, the seasoned and compassionate employees at Cooperman Barnabas Rehabilitation presents grownups and youngsters the specialized treatment they have to have to resume an energetic lifestyle right after surgical treatment, injuries or health issues. They are committed to offering patients with the most sophisticated expert services in a secure, caring and comforting natural environment. For significant-risk patients who are not able to pay a visit to in particular person, telehealth is an possibility. Sufferers do not need a prescription for physical remedy expert services.

January 19, 2023

Worldwide Refurbished Medical Equipment Industry to 2027

DUBLIN, Jan. 18, 2023 /PRNewswire/ — The “Refurbished Medical Equipment Market – Global Outlook & Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

Research and Markets Logo

The global refurbished medical equipment market is expected to grow at a CAGR of 11.76{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} during 2022-2027.

The global market is growing due to the increasing number of healthcare settings and increased access to healthcare services. The industry is growing due to the high prevalence of several acute and chronic diseases across the globe.

Refurbishment is the systematic process of making used equipment equal to or better than new. Refurbishment is rebuilding or updating with all new materials, components, or parts to restore their original (or better) working condition and appearance. The global refurbished medical equipment market grew significantly during the pre-pandemic times. However, outbreaks of diseases like bird flu, COVID-19, and Monkeypox create a massive demand for used medical equipment.

Small & medium-sized hospitals, typically doctor-owned and with less than 100 beds, often cannot afford to buy new high-end equipment. These facilities prefer refurbished equipment of reputed brands that will cost less but perform well for a few years without complaints.

These could be young doctors who become self-employed after using such devices in large hospitals. They may be familiar with the equipment models, but they are short on a budget in the early stages of the business. Also, tier 3 cities may have enough patients without enough ability to pay. Such locations cannot provide sufficient return on investment (ROI) for new equipment. Nearly one-third of the medical equipment industry in developing countries is part of the refurbished medical equipment market.

Besides important environmental benefits, refurbishing provides sustainable economic benefits by creating business and employment in the refurbished medical equipment market. Even existing equipment owners may consider refurbishing their machines rather than disposing of old ones and buying new ones if their users are comfortable using the specific model.

A refurbished asset can be re-capitalized on a depreciation schedule at half the value of new equipment. Refurbishment typically costs about half as much as buying a new one and can bring a machine back to like-new. In addition to the initial cost savings, refurbishment increases resale value and can provide tax benefits to a business, depending on how it’s structured.

Apart from cost savings, user comfort with the machines they’ve been using is a bonus. The global refurbished medical equipment market eliminates the annoying problems faced in using a worn-down machine and avoids the learning curve associated with new equipment. Users often grow fond of their devices and love to see their trusted old machines returned to life in better shape than before. The refurbishment also sometimes allows upgrading to the newest available technology.

Market Trends and Opportunities

Increasing Demand for Medical Equipment in Developing Countries

The dearth of access to medical equipment in developing countries has attracted global interest in the refurbished medical equipment market for disease diagnosis. Healthcare systems in low-and middle-income countries often have limited access to medical equipment that appears to be in routine use. Implementing medical equipment refurbishment in a developing country would provide employment, increase the knowledge of medical technology among the people, and thus, provide a sustainable supply of skilled personnel for the healthcare industry.

High Capital and Procurement Costs of Medical Equipment

Medical equipment typically consists of complex machines that are expensive to purchase and operate and require significant maintenance. Smaller clinics and local medical centers may not be inclined to spend many resources purchasing new equipment that can easily deplete their entire annual budget for just a few devices. Purchasing refurbished medical equipment allows healthcare providers to maximize their budget while providing quality treatment options to each patient. By investing in refurbished equipment, hospitals and clinics can free up much-needed funds for other uses, such as staff, disposables, and medicines, further contributing to the growth of the refurbished medical equipment market.

Growing Preference for Eco-friendly Products

The environmental benefits of refurbished medical equipment are also worth touting. By extending the useful life of medical equipment from 5-7 to 10-14 years or even more, refurbishment is a form of reuse and waste prevention, contributing to an environmental economy. Refurbishment saves energy, and the materials are used to produce new equipment. Refurbishing medical equipment and extending its service life maximizes the return on the initial investment of energy and materials. Approximately 90{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} of the material for a system undergoing refurbishment can be reused; only 10{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} of the material must be recycled, which is done using environmentally friendly processes.

Hospital Budget Cuts

Preparing the hospital’s capital budget is an interesting time because it often puts its executives at odds. There are two crucial points where refurbished medical equipment options can assist in this process. The first: relying on refurbished equipment in the development of capital budgets, as pricing options for refurbished equipment early in the process allow to push the price further while allowing for significant upgrades. Second, refurbished equipment can fill the capital budget gap with low-cost options for equipment.
In the UK, hospitals are struggling to afford the most advanced scanners and surgical equipment to treat patients who have cancer and other diseases because of multibillion-pound cuts to the NHS’s capital budget. In such cases, the refurbished medical equipment market becomes an ideal choice for hospitals to get the requirements at affordable prices.

Increasing Number of Diagnostic Centers & Hospitals

Diagnostic players are entering into outsourcing contracts with hospitals, whereby they would handle the entire diagnostic operations for them. Newly started small hospitals, diagnostic centers, and clinics have a financial burden and cannot dedicate to the new equipment. A few types of medical equipment could easily take up an entire annual budget for a small medical facility. Purchasing refurbished medical equipment is a viable solution contributing to the refurbished medical equipment market. The refurbished medical equipment is upgraded to current standards, ensuring updated equipment for a reasonable price.

Large Inventory of Used or Old Medical Devices

Medical equipment inventory is an accepted cost of doing business for manufacturers and is often the most significant cost category. Since medical equipment is typically a high-value product, any efficiencies or cost reductions can quickly contribute to the bottom line. Older equipment does not last forever, and this equipment eventually will need to be replaced and refurbished. It is expected that many facilities will be eager to replace their older systems with the resolution of global supply chain problems. These factors contribute to the rising sales of medical devices, which reflects a large inventory of used medical equipment in the refurbished medical equipment market.

Vendor Landscape

The global refurbished medical equipment market is exceptionally active, with fewer global, regional, and local players offering a wide range of medical equipment. The industry is less competitive, as the key players have gained significant refurbished medical equipment market share compared to other prominent players. The market provides the avenue for cheaper access to healthcare delivery and reduces costs in developing countries where these equipment are purchased for use.

The three major manufacturers in the refurbished medical equipment market, GE Healthcare, Koninklijke Philips, and Siemens Healthineers, have implemented the refurbished process and sold their refurbished medical equipment under distinct brand names.

In 2021, North America was the largest regional refurbished medical equipment market. It was primarily attributed to the presence of many private healthcare facilities, the increasing aging population, the high prevalence of various diseases, ongoing reimbursement cuts, and regulatory scenarios for the sale and use of refurbished medical equipment in the US.

Key Vendors

General Electric Company
Koninklijke Philips
Siemens Healthineers

Other Prominent Vendors

Key Questions Answered:

1. What is the expected refurbished medical equipment market size by 2027?

2. What is the growth rate of the global refurbished medical equipment market?

3. Who are the key companies in the global refurbished medical equipment market?

4. What are the latest refurbished medical equipment market trends globally?

5. Which region holds the largest refurbished medical equipment market share globally?

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.1.1 Inclusions

4.1.2 Exclusions

4.1.3 Market Estimation Caveats

4.2 Base Year

4.3 Scope of the Study

4.3.1 Market Segmentation by Product

4.3.2 Market Segmentation by Application

4.3.3 Market Segmentation by End-Users

4.3.4 Market Segmentation by Geography

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Premium Insights

7.1 Market Overview

8 Introduction

8.1 Overview

9 Market Opportunities & Trends

9.1 Increasing Demand for Medical Equipment in Developing Countries

9.2 High Capital & Procurement Costs of Medical Equipment

9.3 Growing Preference for Eco-Friendly Products

10 Market Growth Enablers

10.1 Increasing Hospital Budget Cuts

10.2 Increasing Diagnostic Centers & Hospitals

10.3 Large Inventory of Used or Old Medical Devices

11 Market Growth Restraints

11.1 Negative Perception About Refurbished Medical Equipment

11.2 Stringent Standards & Approval Mechanisms for Refurbished Medical Equipment

11.3 Growing Ease of Leasing Medical Equipment in Lmics

12 Market Landscape

12.1 Market Overview

12.2 Market Size & Forecast

12.2.1 Insights by Geography

12.2.2 Insights by Product Segmentation

12.2.3 Insights by Application Segmentation

12.2.4 Insights by End-User Segmentation

12.3 Five Forces Analysis

13 Product

14 Application

15 End-User

16 Geography

16.1 Market Snapshot & Growth Engine

16.2 Geographic Overview

17 North America

18 Europe

19 APAC

20 Latin America

21 Middle East & Africa

23 Key Company Profiles

24 Other Prominent Vendors

25 Report Summary

26 Quantitative Summary

27 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/z2d67n

Media Contact:

Research and Markets
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SOURCE Research and Markets

January 18, 2023

‘Young people having a mental health crisis are just dismissed’ | Mental health

My son was identified with autism at the age of nine, had a hard time at faculty and with household difficulties, and at 13 started to isolate himself away and would go into intervals of depression.

But that was absolutely nothing in contrast to what he was like when he turned 16. A connection breakdown noticed him turn into suicidal. He stopped wanting to interact with any person, to the level that he would respond terribly if I even asked him about his working day.

His university knew he was quite frustrated and suggested him to cell phone the GP. That was the 1st kick in the enamel for him. The GP in result stated “here are some leaflets and some helplines”. He felt even a lot more on your own then since he’d sought support and in essence been turned away.

At a single issue he went missing. I then realised that he experienced begun to categorical suicidal views, and when he disappeared he experienced left incredibly worrying messages with a couple people about how he intended to slit his throat.

The working day he disappeared I acquired a concept to say that he hadn’t turned up at college. He wouldn’t response the telephone to me or any one else. He’d absent off with his girlfriend and neither would say in which they have been. I was so anxious since he’d taken a knife from our kitchen area.

I spent the morning seeking all spherical the city for him. Following two hours, the police discovered him hiding at the rear of the boundary fence of our nearby cricket ground. He was in a lousy way and the police kindly drove us each to A&E.

He did have an evaluation with someone from the child and adolescent psychological wellness companies (Camhs) workforce. Having said that, the A&E health care provider created distinct that there was very little additional the hospital could do for my son that working day and that we need to go residence. He experienced experienced a Camhs evaluation and that service would be in contact.

They wouldn’t convey to me what was producing him so distressed, mainly because he experienced questioned them not to. That meant I had no serious steering about how to preserve my kid secure at dwelling. They did say that I need to lock away all the knives, as he had taken a knife just before, and the pretty strong ache medication I take.

When we went to A&E I hoped he would be admitted for the reason that I felt that I couldn’t make him far better and that I was unprepared and inadequate. I felt very by itself. I was out of my depth and petrified that I was heading to drop my kid. I just wished another person to take him off me and look immediately after him and make him much better.

I was pretty puzzled when the A&E health care provider reported we had to go household. I assumed they would retain my son in, presented how distressed and vulnerable he was. I just imagined: what condition do you will need to be in to be kept in? I was in a entire point out of shock.

I nonetheless have no concept what point out you would need to have to be in to essentially be admitted, for the reason that my son was in a very bad condition and admission was not even talked over. It wasn’t a “shall we, shan’t we” matter, it was just “go home”.

I consider that youthful individuals possessing a mental well being crisis are just dismissed. I have spoken to other moms and dads and the story is the similar. Youthful persons can have feeding on conditions, they can have distinct options for suicide, and Camhs will say they aren’t intense enough for inpatient care. It leaves me with no faith that a younger particular person who presents at a GP surgery or A&E will get the help they want.

Camhs were at some point very superior for my son. They did everything they were meant to do. But it all arrived far too late. He is coping truly properly now. He has a girlfriend and is extra conscious of his psychological wellbeing. I just hope that we by no means have to go via a crisis like that all over again.

In the British isles and Eire, Samaritans can be contacted on 116 123, or e-mail jo@samaritans.org or jo@samaritans.ie. In the US, the Countrywide Suicide Avoidance Lifeline is 1-800-273-8255. In Australia, the crisis assistance assistance Lifeline is 13 11 14. Other worldwide helplines can be observed at befriend.