Technological advancements have ushered in new ways of interacting in all areas of our lives. Significant advances such as wireless technology, miniaturization, and computing technology are bringing innovation in medical technology, leading to the development of connected medical devices that can generate, collect, analyze, and transmit data. This ecosystem of interconnected devices and its data is creating the Internet of Medical Things (IoMT) – which is rapidly transforming medical technology's role and relationships across its diverse therapeutic areas. Take, for instance, the respiratory healthcare area. Today, technology has been a boon for fueling the expansion of respiratory devices in-home and alternate care settings across the world. Though their offerings such as patient education, sleep apnea testing, CPAP(Continuous Positive Airway Pressure) treatment and home oxygen therapy, and many more, the respiratory solution providers are pioneering changes to enable patients to regain control and live the life that they want.
Respiratory diseases thrust an immense worldwide health burden. For instance, more than 300 million people in the world are affected by asthma, and 100 million are suffering from COPD (Chronic Obstructive Pulmonary Disease). In addition to this, there are some respiratory ailments which affect large numbers but is less well-quantified, such as sleeping-disordered breathing problem or occupational lung diseases. However, out of this patient group, almost half of them own devices such as smartphones, tablets, or smart watches. As such, they are the potential customers who can be targeted by the respiratory device solution providers. The respiratory device solution providers can help the patients either with their cutting-edge devices or their solutions via connected devices (inhalers or spirometers), mobile applications, coaching, and clinical portals. They are enriching their experience and reaping better results while reducing healthcare costs at the same time. On the flip side, these solutions have also made it easy for clinicians to identify unmet clinical needs, thereby streamlining their workflow and bringing better patient outcomes.
The digital respiratory market is still emerging, yet some major players have already established themselves by introducing purpose-driven innovations through their unique product-lines. In this edition of MedTech Outlook, we are focusing particularly on such pioneering respiratory devices solution providers. In order to help patients, and healthcare specialists, opt for the best and built some in-depth insights about it, we have shortlisted the top players who have carved a niche in this arena. The leading companies in our list are Gilbert Technologies, Hospitech Respiration, LifeVac, NuZone Medical, Ohio Medical, RemZzzs, Trace Medical, and SleepMed. Out of them, Trace Medical features in this edition's cover. Trace Medical is a national leader in ventilator rentals and sales, who has earned a reputation as a partner that meets the varying inventory demand of customers while delivering the financial and clinical outcomes that they expect.
We present to you the MedTech Outlook's "Top 10 Respiratory Devices Solution Providers -2019".