Industrial Automation
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
Enhancing Safety
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
Improving Accuracy
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.
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.
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