The dental air abrasion market, a crucial segment of the dental care industry, is witnessing notable growth driven by various factors. The Dental Air abrasive market is expected to grow at a CAGR of 6.7% during the forecast period of 2024 to 2032, propelled by the rising adoption of digitally controlled devices, advancements in mechanical device technology, and the growing demand in dental clinics. Cost-related restraints underscore the need for ongoing efforts to enhance cost-effectiveness and accessibility.
The dental water flosser market is expected to grow at a CAGR of 5.2% during the forecast period of 2024 to 2032, propelled by rising consumer awareness, technological advancements, and the increasing geriatric population's dental concerns. Cost sensitivity and affordability present challenges that market players actively address through diverse product ranges. The segmentation by product type and tip type provides nuanced insights into consumer preferences and the industry's commitment to offering versatile oral care solutions.
The smart hospitals market represents a transformative evolution in the healthcare sector, integrating advanced technologies to enhance patient care, streamline operations, and improve overall efficiency. The smart hospitals market is expected to grow at a CAGR of 18.5% during the forecast period of 2024 to 2032. The industry's commitment to technological advancements, patient-centric care, and diverse applications underscores its significance in shaping the future of healthcare.
The operating room management software market plays a critical role in optimizing and enhancing the efficiency of operating rooms in healthcare facilities. The operating room management software market is expected to grow at a CAGR of 12.5% during the forecast period of 2024 to 2032, driven by the increasing need for streamlined operating room processes, rising demand for improved patient care, and advancements in healthcare technology.
The dental insurance market plays a crucial role in ensuring access to dental care for individuals and families. The dental insurance market is expected to grow at a CAGR of 9.5% during the forecast period of 2024 to 2032, driven by the increasing awareness of the importance of oral health and the need for financial protection against dental expenses. In summary, the Dental Insurance Market is poised for continued growth, driven by growing awareness of oral health, expanding coverage options, and the increasing dental care needs of the aging population.
The emergency department information system (EDIS) market is a crucial part of modern healthcare, revolutionizing the way medical facilities manage and deliver emergency care. The EDIS market is expected to grow at a CAGR of 14% during the forecast period of 2024 to 2032. The EDIS market plays a pivotal role in enhancing the efficiency and quality of care provided in emergency departments across the healthcare industry. As healthcare providers continue to embrace digital transformation, the EDIS sector is witnessing significant developments.
The in-vitro toxicology testing market is at the forefront of modern safety assessment, playing a pivotal role in various industries. The in-vitro toxicology testing market is expected to grow at a CAGR of 12% during the forecast period of 2024 to 2032, driven by advancements in products and services, regulatory pressures, and cost-effectiveness. While limitations in replicating complex biological responses remain a restraint, the advantages of in-vitro testing in terms of cost and time efficiency make it a preferred choice for safety assessment.
Brachytherapy, a vital component of modern cancer treatment, offers a targeted approach to delivering radiation therapy, which is crucial in managing various types of cancer. The brachytherapy market is expected to grow at a CAGR of 7% during the forecast period of 2024 to 2032, driven by the demand for precise and targeted cancer treatment, the increasing incidence of cancer, and advancements in brachytherapy techniques. While the shortage of skilled professionals and infrastructure presents a restraint, efforts are ongoing to address these challenges.
The healthcare informatics market is expected to reach a CAGR of 13% during the forecast period of 2024 to 2032, driven by technological advancements, increasing demand for efficient healthcare systems, and a growing focus on digitization and data management in the healthcare industry. Healthcare informatics refers to the application of information technology and data science to enhance the efficiency, quality, and safety of healthcare delivery. The healthcare informatics landscape encompasses a wide array of products and services.
The medical device analytical testing outsourcing market is expected to witness a CAGR of 10% during the forecast period of 2024 to 2032, driven by the increasing complexity of medical devices, stringent regulatory requirements, and the need for specialized testing expertise. Medical device manufacturers rely on analytical testing to ensure the safety, quality, and performance of their products. However, conducting these tests in-house can be costly and time-consuming.
In terms of revenue, the worldwide healthcare IT market is projected to reach $1300 billion by 2030, expanding at a CAGR of 20% between 2023 and 2030. The usage of e-prescribing, telemedicine, mHealth, and other HCIT solutions drives the market's expansion. Yet, interoperability challenges and security concerns pose certain obstacles to the expansion of the worldwide market.
The epidemic has significantly increased the load on healthcare organizations around the world. The strain on healthcare institutions to develop a well-coordinated environment in which all clinical devices are connected internally and the organization operates in tandem with other healthcare units are great. According to Worldometer, as of December 5, 2022, there were around 650 million verified COVID-19 cases and 66 million deaths worldwide. Several countries' healthcare systems are confronting a severe lack of hospital beds, healthcare professionals, and basic medical equipment due to the rising number of illnesses. So, hospitals and other care facilities are compelled to implement capacity management tools to track COVID-19 patients and manage illness development.
During the COVID-19 pandemic, healthcare providers boosted the usage of interoperability tools to improve healthcare management, price transparency, and specialty pharmaceuticals, according to the Surescripts 2020 National Progress Report. When Surescripts added an additional 63,000 prescribers and 1.91 billion ePrescriptions in 2020, the overall number of ePrescriptions crossed 1 million for the first time. The number of electronic prescriptions for restricted medications increased by 52% between 2019 and 2020, from 134.2 million to 203.6 million. In the first month of COVID-19, there was a 72.5% increase in the number of electronic prescriptions written via telehealth.
In response to increasing pressures on health systems to decrease the cost of treatment, the industry is migrating toward outpatient settings in an effort to lower care costs. An outpatient surgery center procedure is projected to be 30 to 60 percent less expensive than an inpatient hospital procedure. Moreover, convenience is a significant element propelling the growth of ambulatory care. The need for and utilization of HCIT solutions in outpatient settings will increase as the number of outpatient settings and patients increases.
According to a United Health (US)-sponsored survey, around 10% of US hospitals implemented HCIT clinical documentation improvement projects for outpatient settings. In the next six months, it is intended to execute an additional 10% of these services. In addition, fourteen percent of hospitals intended to use innovative solutions in the near future. In the next years, this trend is anticipated to increase the usage of HCIT solutions, such as RCM systems, in outpatient settings.
In addition, as a result of the benefits of HCIT solutions, a number of federal agencies support their use in outpatient care settings. In June 2021, for example, the United States government allocated USD 80 million to a new public health informatics and technology program. This has increased the use of HCIT solutions by stakeholders in outpatient care facilities in an effort to improve patient care and results. Moreover, as a result of the advantages of web-based management for continuous care, an increasing number of patients are opting for outpatient care.
Acute Market Reports is a market research and strategic consulting company that focuses on the Healthcare IT market specifically as its primary area of expertise. Our customers are able to reap the benefits of Acute Market Reports' forward-thinking research methodology, which enables them to make well-timed and well-considered decisions regarding their businesses. In order to deliver cutting-edge strategic research solutions to our international clients, we work closely with a wide range of industry stakeholders.
