A weight loss injection is an injection that is meant to help with weight loss. The injection is said to work by suppressing the appetite and increasing the metabolism. Semaglutide is one example of an FDA-approved injectable for weight loss.
Red light therapy is a type of light therapy that is said to be beneficial in treating a variety of conditions, including acne, wrinkles, and pain. The therapy is said to work by stimulating the body's cells to produce energy.
Iron infusion is the process of delivering iron directly into a patient's bloodstream via an IV (intravenous) line. It is an immediate, short-term treatment for severe anemia or iron deficiency.
IV therapy is the process of delivering fluids, nutrients, and medications directly into the bloodstream via an intravenous line. The therapy is used to treat a variety of conditions, including dehydration, malnutrition, and chronic illness.
A patient portal is an online system that allows patients to access their health information and communicate with their healthcare providers. The portal can provide access to lab results, medication information, and appointment schedules.
Remote patient monitoring is the process of remotely tracking a patient's health status and symptoms. This can be done through various methods such as phone apps, wearable sensors, or home health monitors.
Trend Highlight – Organ Donations will Fall as Autonomous Cars Reduce Accidents
Early on in the pandemic, organ transplants fell almost more than ever before–not because people didn’t need organs, but because fatal traffic collisions–a leading supply source for organs–were also down.
It turns out that motor vehicle crashes and fatal injuries account for the largest share of organ transplant supply – nearly 1/3th of donations. And as self-driving cars become more ubiquitous, and the roads become safer, this same dynamic –the one that played out during the start of the pandemic– will play out again. This time though, it could permanently disrupt the supply chain for organ donations.
Demand for artificial and/or animal organs will then likely grow. While there are currently public companies that aim to do this in the future, like Organovo (ONVO), the technology is not yet there.
When it comes to other forms of bodily replacement, like limb prosthetics, there’s already growing demand and it’s expected to rise: More than 1/4th of limb amputations are due to diabetes, and diabetes is not only growing in prevalence but it also affects such a large number of people: 8.2% of the US population in 2018 had diabetes.
It’s a tough market to break into, through. Pharma companies often earn more revenue providing a lifetime of treatment as opposed to a single corrective surgery or device. Despite this, a number of companies, like Unlimited Tomorrow, are building more functional and affordable limb prosthetics for this growing market.
Trend Highlight – The Rise of Patient Portals
Patient portals, online portals where patients can check their medical records, usually after a doctors' visit, are growing in popularity though there's some asymmetry in this growth.
The percent of healthcare providers who offer patient portals is growing quickly - nearly 90% as of this year. However, uptake on the consumer side has been more gradual.
Because the portal is used mostly after infrequent doctors' visits, like an annual checkup, engagement frequency is low so it's rare that logging in turns into a habit. As patient portals expand beyond infrequent doctors' visits and start to include more tools for visibility into daily health data, engagement may rise and usage may become more second nature.
A portion of consumers also avoid using the portals because they want to talk directly with their doctor. Stemming from a desire for comfort, this will start to change, as we've seen happen in the telemedicine industry where consumers are becoming increasingly comfortable with virtual visits to the doctor.
Trend Highlight – Dynamic Staffing for Nurses
The pandemic has caused an unprecedented bifurcation in the healthcare industry. Elective procedures, where hospitals make most of their margin, are down, and emergency procedures are up. With spikes in demand for certain healthcare roles, alongside furloughs and layoffs for others, there’s a dislocation in the healthcare job market that is well served by staffing agencies like Clipboard Health, which focuses on temporary healthcare workers.
The spread of the virus in different areas at different rates also makes just-in-time labor deployment more important than ever. And even after the pandemic, just-in-time labor is growing increasingly realistic as public health prediction improves. Meanwhile, the number of medical operations available keeps rising as new technologies get invented and as awareness of existing procedures grows.
Certain demographic trends are also particularly favorable for staffing agencies. Some towns age much faster than average, as young people leave, so their hospitals end up short-staffed even as demand rises. Every day, 10,000 Americans retire, and start spending less on nearly everything except healthcare where the average spend for the 75+ demographic is almost 2.5x that of the 45-54 demographic.
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