Baby boomers influencing the future of health care technology

The future of health care is being shaped by both demographic and technological changes. New and advanced technologies, including robotics and wearables, are changing the way that treatment and diagnoses can be conducted, while greater life expectancy and aging baby boomers are presenting unique challenges to health care institutions and systems. Medical equipment manufacturers are also evolving in time with these changes in order to ensure their products are effective, up-to-date, and that they meet market standards and patient expectations. According to Infiniti Research, the global market for intensive care unit (ICU) and operating room equipment, driven by these advancements and innovations, will grow at a CAGR of seven per cent until 2020.

Infiniti Research has recently completed a market intelligence study on market opportunities for ICU and operating room (OR) equipment for a leading medical technology company. The large number of baby boomers entering into retirement age and facing agerelated health issues is putting a strain on health care systems in several countries across the world, especially in North America. This demographic is more likely to require in-patient surgical procedures and to require emergency care and procedures than other age groups.