CRITICAL TECHNOLOGY FOR CRITICAL HEALTHCARE APPLICATIONS
CRITICAL TECHNOLOGY FOR CRITICAL HEALTHCARE APPLICATIONS
Global health pandemics. Chronic diseases. Aging demographics. Limited resources, even as regulations expand. In the coming years, healthcare is expected to face an even greater surge of demand coupled with more rigorous cost controls. These trends present challenges – and Honeywell is prepared.
The world is in the midst of a technological revolution that is impacting and changing healthcare. Several opportunities are leading the forefront of patient care as it relates to medical equipment manufacturers.
Creating Healthier Patients
Improve patient outcomes as the population ages with precise and reliable equipment
Meeting Increased Demand for Equipment
Reduce disruption in the supply chain and grow with technology by developing exceptional products that advance medical equipment and production
Optimize effectiveness of safety efforts with dependable equipment
Optimizing Care Management
Deliver better patient care with treatment(s) tailored to a patient’s needs with accurate analysis and tracking
Positive patient credentials, medication tracking and laboratory results can reduce costly and dangerous errors that can result from misidentification of patients, vials, etc.
Expanding Versatile Home Care Monitoring
Monitor patients and care plans as individuals transition from hospital to home, helping to reduce unneeded readmissions
According to Deloitte, between 2020 and 2024, global healthcare spending is expected to rise at a CAGR of 3.9 %, faster than the 2.8 % recorded in 2015–2019. This presents manufacturers to lead the way by developing leading-edge devices to help improve patient results and address growing demands. The focus is now on innovation to not only improve the quality of healthcare, but to make care more accessible and less risky. New technologies help make systems more efficient and less prone to error, reducing the cost and risk of providing healthcare.
Honeywell’s vision is to assist medical equipment manufacturers to integrate smarter technologies and leading-edge products into their devices to deliver safer, more effective outcomes in a healthier environment. Honeywell has decades of experience helping OEMs succeed within the highly complex and regulated world of healthcare. With one of the broadest portfolios of products for the healthcare environment, expertly engineered solutions provide the quality, durability and value needed for the most stringent requirements.
SENSING SOLUTIONS FOR CRITICAL MEDICAL APPLICATIONS
The global pandemic and related events are anticipated to increase the demand by leaps and bounds for mechanical ventilators. Supporting a vital, life-saving function, ventilators need to be built with stable, precise and dependable products. Honeywell sensor and switch solutions are designed to enhance the performance and reliability of ventilators, provide accurate patient monitoring and ensure the safe and efficient operation of equipment
Honeywell manufactures many sensors and switches for use in oxygen concentrators. These solutions help control pressure and airflow, detect failures, enhance equipment performance and efficiency and act as a high-pressure warning. With rising demand for sensors and switches to design into oxygen concentrators, Honeywell works with OEMs to ensure engineering optimization and product efficiency. The global portable oxygen concentrator market is expected to register a CAGR of 8% between 2021 to 2026, supported by global factors of year-over-year rises in COPD and asthma.
The increasing frequency of chronic diseases will spur demand for infusion pumps, and the growing advancements in drug delivery systems will challenge OEMs to develop devices to support advanced treatment methods. Honeywell is prepared to work with manufacturers to address both the growth and market challenges as our sensor and switch solutions are designed to enhance performance and reliability of infusion pumps, monitor the delivery of fluids, medicines and nutrients and provide safe administration of treatment.
In a report from Marketwatch.com, “In the past couple of years, robotics has brought a tremendous change in the medical sector. While it was not included in most health insurance plans in several countries, various insurance firms in the health coverage area now offer full or partial robotic surgeries.” Medical robots are used a number of applications including: laparoscopic, neurology, pharmacy, cardiology, orthopedic and physical rehabilitation. There is a rising number of patients going through chronic diseases which is boosting product usage. As an integral component in robotic applications, Honeywell force sensors have numerous strengths that can add value to robotic applications.
Patient tracking encompasses many patient and healthcare-focused applications: end user, device, application, geography and more. Honeywell optical engines and software deliver security and efficiency in every department in hospitals, laboratories, clinics and home care. Our products are engineered to grow with the market’s demand as they feature increased competitiveness enabled by their compact size, as well as reduced integration time.
SENSING SOLUTIONS FOR DIAGNOTICS AND LAB APPLICATIONS
Global In Vitro Diagnostics (IVD) includes immunochemistry, molecular diagnostics, POC testing, hematology, microbiology and tissue diagnostics, and is growing at a robust rate despite current market challenges. Factors such as the aging population, access to healthcare and developing economics are driving up the demand. A critical component in the global healthcare industry, according to BCC Research, they are the highest revenue segment of the medical device market – valued in the billions of dollars.
To help OEMs meet the growing demand for reliable and accurate equipment, the Honeywell engineering and manufacturing teams are ready to provide application support. Together, we can address manufacturers’ most complex challenges with Honeywell sensor, switch, scan and value-added solutions.
One of the most technologically advanced and growing areas within the medical laboratory is molecular diagnostics (testing DNA and RNA) that includes areas of infectious disease, hematopathology, genetics and solid tumor. The year-over-year growth is largely due to the rapid rise in various bacterial and viral epidemics. To improve the technology that increases early diagnosis of diseases, many government and businesses have been investing in IVD. Honeywell pressure and force sensors are engineered to excel in these environments. The new MicroForce sensor is very compact and delivers highly precise readings in medical devices.
Hematological tests are entirely dependent upon automation, as there is considerable mixing and agitation. These instruments reduce overall turnaround time along with enhancing overall lab efficiency. The global hematology analyzer and reagent market is also experiencing exciting growth which is driven by the number of blood donations, increasing incidence of blood disorders and technological advances in this equipment. Hematology analyzers need components that help reduce sample re-runs, reflex testing, turnaround time and smear review rates. There is no room for error. Honeywell sensors and optical engines deliver confidence so the manufacturer can be assured of equipment speed and quality of readings.
Lab automation plays a major role in saving time, reducing costs, eliminating human error and improving lab efficiency. As a result, automation has become a “must have” for modern laboratories and includes the use of robotics, conveyors, software and machine vision. Market growth is driven by increasing expenditures on R&D, as well as regulations on healthcare. The improving healthcare infrastructure across emerging countries, and growth of pharma and biotech industries, are expected to present avenues of growth for manufacturers. Honeywell is well positioned to partner with OEMs to develop and manufacture efficient and robust devices to respond to the growing need
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