US.: +1-252-477-1362
UK.: +44-203-957-8553
AUS.: +61-2-4786-0457
INDIA: +91-848-285-0837
Demand for improved healthcare facilities is increasing worldwide owing to various advancements in technology. Providers are mainly relying on transitioning to newer technologies and health systems in order to enhance their presence in the market. Cloud computing, nanotechnology and smartphone accessibility are being integrated with healthcare services to improve patient outcomes. Use of electronic health records (EHR) is... View more
Demand for improved healthcare facilities is increasing worldwide owing to various advancements in technology. Providers are mainly relying on transitioning to newer technologies and health systems in order to enhance their presence in the market. Cloud computing, nanotechnology and smartphone accessibility are being integrated with healthcare services to improve patient outcomes. Use of electronic health records (EHR) is also increasing due to the benefits of this highly ubiquitous system.
The increasing pressure to reduce healthcare costs is also one of the key factors driving the adoption of information technology in the healthcare sector. For example, hospitals use IT systems not only to archive patient files but also to optimize processes, supply systems, and communications. “In Germany, cost pressures have created huge demand for IT solutions that make internal processes and procedures more efficient or that improve income by optimizing billing systems,” explains Bernhard Calmer, Chairman of the Bundesverband Gesundheits-IT (bvitg), an organization that represents the interests of the German IT sector in healthcare.
A large amount of data is collected through diagnostic imaging that needs to be stored securely at one place to allow easy access when required. That is where interoperability among systems and even facilities becomes crucial. A seamless healthcare IT system will establish a cohesive workflow for the providers and patients. All faculties using healthcare IT systems need to abide by the Health Insurance Portability and Accountability Act (HIPAA).
Telemedicine to Increase Access in Remote Areas
The advent of telemedicine is set to transform the way healthcare services are delivered to patients. This technology is helping patients in remote areas to connect with healthcare providers and experts located in the nearest town or city. Telemedicine is a huge success in the western world owing to major investments made in developing the required infrastructure. On the other hand, lack of infrastructure in developing economies is hindering implementation and adoption of telemedicine. This technology can help provide consultation and even treat patients remotely.
Innovation
Multimedia enhanced radiology reporting (MERR) correlates images to text reports. This technology helps clinicians save time in understanding report findings with supporting images. Clinicians can easily access images while monitoring the progression of the condition. According to a study by the Emory University and the Harvey L. Neiman Health Policy Institute in 2015, 79% of doctors showed an inclination towards MERR, as well as a higher likelihood to recommend their peers to use facilities offering this technology.
Also, wider adoption of cloud technologies by the healthcare service providers is an emerging trend in the market. Radiology is being integrated with cloud-based systems which provide easy access to reports and findings. Due to high initial cost of implementing these systems, the process efficiency and long-term cost savings are making the cloud a worthwhile investment.
Robotic surgery allows doctors to perform complex surgeries with high precision and flexibility. Other benefits include faster recovery, shorter hospital stay, less pain and bleeding, smaller scars and lesser risk of infection. Robots are used for hysterectomies, joint replacements, removal of fibroids, prostate surgery, open-heart surgery and kidney surgeries. However, high operating cost of robotic surgeries may hinder their utilization in low- and middle- income economies.
The picture archiving and communication system (PACS) helps healthcare professionals store and manage patients' medical images. PACS is integrated in the main hospital workflow system which makes it easy for clinicians to refer to the records as and when required.
Conclusion
Today’s changing healthcare landscape places an urgent emphasis on improving the quality of patient care and reducing overall costs incurred by health facilities. Adoption of new technologies would play a major role in achieving this. Also, with increasing usage of health IT systems, demand for data analytics is also expected. Implementation of data analytics would ensure operational efficiency of healthcare facilities and improve health outcomes.View less
Published Date : Dec 2024
Global homecare rehabilitation service market is estimated to be valued at USD 95.80 Bn in 2024 and is expected to reach USD 130.02 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. Global homecare rehabilitation service market can... View more
Published Date : Dec 2024
The Global Medical Authentication System Market is estimated to be valued at USD 782.1 Mn in 2024 and is expected to reach USD 1,256.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7% from 2024 to 2031. The global medical authentication system market ... View more
Published Date : Dec 2024
Global medical crowdfunding market is estimated to be valued at USD 6.10 Bn in 2024 and is expected to reach USD 14.51 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.17% from 2024 to 2031. Medical crowdfunding refers to the practice of funding a med... View more
Published Date : Dec 2024
Global hospice services market is estimated to be valued at USD 4.40 Bn in 2024 and is expected to reach USD 8.11 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031. Hospice care involves palliative care and pain management for patie... View more
Published Date : Nov 2024
The global healthcare compliance management software market is estimated to be valued at USD 3.30 Bn in 2024 and is expected to reach USD 7.21 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031. Compliance management in the healthca... View more
Published Date : Nov 2024
The global wireless health market is estimated to be valued at USD 235.1 Mn in 2024 and is expected to reach USD 771.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 18.5% from 2024 to 2031.The global wireless health market is witnessing steady growth ... View more
Published Date : Nov 2024
The global burial insurance market is estimated to be valued at USD 291.10 Bn in 2024 and is expected to reach USD 425.20 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The global burial insurance market has been wit... View more
Published Date : Nov 2024
The global cardiogenic shock treatment market is estimated to be valued at USD Bn 1.10 Bn in 2024 and is expected to reach USD Bn 1.78 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031. Cardiogenic shock is a life-threatening condit... View more
Published Date : Nov 2024
The global healthcare digital twins market is estimated to be valued at USD 1.09 Bn in 2024 and is expected to reach USD 5.35 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 25.5% from 2024 to 2031. The global healthcare digital twins market is projecte... View more
Published Date : Nov 2024
The global surgical simulation market size was valued at USD 480.2 Mn in 2024 and is projected to reach USD 1,332.1 Mn by 2031, exhibiting a CAGR of 15.7% from 2024 to 2031. Surgical simulation is the application of sophisticated modeling and simulation approaches in ... View more
Published Date : Nov 2024
The global care management solutions market is estimated to be valued at USD 14.51 Bn in 2024 and is expected to reach USD 37.70 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031. The global care management solutions market has bee... View more
Published Date : Nov 2024
The global long-term care software market is estimated to be valued at USD 5.40 Bn in 2024 and is expected to reach USD 9.01 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031. Long-term care software helps in the management of senio... View more
Published Date : Nov 2024
Global medical specimen tracking system market is estimated to be valued at USD 834.9 Mn in 2024 and is expected to exhibit a CAGR of 10.8% during the forecast period (2024-2031). The medical specimen tracking system market has seen significant growth in recent years ... View more
Published Date : Nov 2024
The ambient assisted living market is estimated to be valued at USD 7.51 Bn in 2024 and is expected to reach USD 39.10 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 26.6% from 2024 to 2031. Ambient assisted living refers to the use of information and ... View more
Published Date : Nov 2024
De-identified health data market is estimated to be valued at USD 7.51 Bn in 2024 and is expected to reach USD 12.15 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. De-identified health data market growth is driven by increasing ... View more
Published Date : Nov 2024
Global veterinary software market is estimated to be valued at USD 1.24 Bn in 2024 and is expected to exhibit a CAGR of 7.2% during the forecast period (2024-2031). Veterinary software allows veterinarians to effectively manage their practice and provide quality care ... View more
Published Date : Nov 2024
Global hospital information system market is estimated to be valued at USD 54.69 Bn in 2024 and is expected to exhibit a CAGR of 7.7% during the forecast period (2024-2031). The global hospital information system market is projected to grow substantially over the next... View more
Published Date : Nov 2024
North America healthcare virtual assistants market is estimated to be valued at USD 524.6 Mn in 2024 and is expected to exhibit a CAGR of 35.1% during the forecast period (2024-2031). The North America healthcare virtual assistants market is witnessing rapid growth ow... View more
Trusted Insights, Certified Excellence! Coherent Market Insights is a certified data advisory and business consulting firm recognized by global institutes.