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 experiencing a technological revolution that’s impacting and changing healthcare, and several opportunities are leading the forefront of patient care as it relates to medical equipment manufacturers.
Ventilators
The global pandemic and related events are anticipated to increase the demand by leaps and bounds for mechanical ventilators. As a support for a vital, lifesaving function, ventilators need to be stable, precise and dependable products. Honeywell sensor and switch solutions are designed to enhance the performance and reliability of ventilators by providing accurate patient monitoring and ensure the safe and efficient operation of equipment.
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Oxygen Concentrators
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. To meet the rising demand for sensors and switches in oxygen concentrators, Honeywell works with OEMs to ensure engineering optimization and product efficiency. The global portable oxygen concentrator marketing 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.
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Infusion Pumps
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 address both the growth and market challenges as their 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.
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Surgical Robots
In a report from Marketwatch.com, it was noted that robotics has brought a tremendous change in the medical sector over the past couple of years. 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. There is a rising number of patients going through chronic diseases, which is boosting product use in medical robots for laparoscopic, neurology, pharmacy, cardiology, orthopedic, physical rehabilitation and more. As an integral component in robotic applications, Honeywell force sensors have numerous strengths that can add value to robotic applications.
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Molecular Diagnostics
One of the most technologically advanced and growing areas within the medical laboratory is molecular diagnostics, such as testing DNA and RNA. This 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 governments 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.
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Hematology Analyzer
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.
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Lab Automation
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 expenditure 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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