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

Healthcare IT Published Insights

Coherent Market Insights Laboratory Information Management Systems Market

Published Date : Jun 2024

Global laboratory information systems market is estimated to be valued at USD 2.52 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 10% from 2024 to 2031. Laboratory information system (LIS) is a software system that is used to manage patient data, sampl... View more

Coherent Market Insights Pharmaceutical Manufacturing Software Market

Published Date : Jun 2024

Pharmaceutical manufacturing software refers to a suite of solutions that streamline production processes across drug design, clinical trials, quality assurance, and production in the pharmaceutical industry. With increasing regulatory compliances and demand for highe... View more

Coherent Market Insights Biohacking Market

Published Date : Jun 2024

Biohacking refers to applying practices such as DIY biology and quantifying or modifying one's own biological processes using wearable devices and self-experimentation techniques. It allows individuals to self-guide their health and upgrade their bodies through hackin... View more

Coherent Market Insights Brain Computer Interface Market

Published Date : Jun 2024

The global brain computer interface market is witnessing a phase of robust growth due to the rising prevalence of neurological disorders across the world. Brain computer interface technology offers novel solutions to communicate with external devices directly from the... View more

Coherent Market Insights Medical Scheduling Software Market

Published Date : Jun 2024

Medical scheduling is an important aspect of efficient healthcare services. Medical scheduling software helps in optimizing resource utilization, improving process workflow and enhancing patient experiences. Various features such as availability of appointments slots,... View more

Coherent Market Insights Digital Healthcare Market

Published Date : Jun 2024

Global digital healthcare market growth is driven by increasing use of telehealth and remote patient monitoring solutions. Rising emphasis on preventive care and patient-centric services can boost adoption of digital health technologies to bridge gaps in healthcare ac... View more

Coherent Market Insights Laboratory Informatics Market

Published Date : Jun 2024

Laboratory informatics is an innovative field that leverages information technology to manage data, processes, and automation capabilities within scientific laboratories and research facilities. It enables digitization, integration and analysis of complex data sets ge... View more

Coherent Market Insights Veterinary Services Market

Published Date : Jun 2024

Global veterinary services market is estimated to be valued at USD 118.24 Bn in 2024, and is expected to exhibit a CAGR of 7.2% during the forecast period (2024-2031). The global veterinary services market has been witnessing steady growth over the past few years owin... View more

Coherent Market Insights Behavioral Rehabilitation Market

Published Date : Jun 2024

Global behavioral rehabilitation market is estimated to be valued at USD 256.30 Bn in 2024 and is expected to exhibit a CAGR of 5.2% during the forecast period (2024-2031). Behavioral rehabilitation aims to treat behavioral and mental health disorders through therapeu... View more

Coherent Market Insights Electronic Clinical Outcome Assessment Ecoa Market

Published Date : May 2024

Global electronic clinical outcome assessment (eCOA) market is estimated to be valued at USD 1.74 Bn in 2024, and is expected to exhibit a CAGR of 14.9% during the forecast period (2024-2031). Electronic Clinical Outcome Assessment (eCOA) refers to the method of colle... View more

Coherent Market Insights Medical Coding Market

Published Date : May 2024

The global medical coding market is estimated to be valued at USD 21.66 Bn in 2024 and is expected to exhibit a CAGR of 9.6% during the forecast period (2024-2031). Medical coding involves the analysis of medical records and assignment of standardized numerical codes ... View more

Coherent Market Insights Anesthesia Information Management Systems Market

Published Date : May 2024

The global anesthesia information management systems market is estimated to be valued at USD 321.33 Bn in 2024 and is expected to exhibit a CAGR of 5.8% during the forecast period (2024-2031). The global anesthesia information management systems market is witnessing a... View more

Coherent Market Insights Global Patient Access Solution Market

Published Date : May 2024

The global patient access solution market is estimated to be valued at USD 2.18 Bn in 2024 and is expected to exhibit a CAGR of 8.2% during the forecast period (2024-2031). The global patient access solution market is witnessing significant growth driven by rising hea... View more

Coherent Market Insights Healthcare Consulting Services Market

Published Date : May 2024

The global healthcare consulting services market is estimated to be valued at USD 30.53 Bn in 2024 and is expected to exhibit a CAGR of 9.5% during the forecast period (2024-2031). The global healthcare consulting services market is witnessing strong growth supported ... View more

Coherent Market Insights 5g In Healthcare Market

Published Date : Apr 2024

Global 5G in healthcare market is estimated to be valued at USD 2.72 Bn in 2024, and is expected to exhibit a CAGR of 35.3% during the forecast period (2024-2031). The healthcare industry is undergoing rapid transformation due to technological innovations. 5G is expec... View more

Coherent Market Insights Bacterial Colony Counters Market

Published Date : Apr 2024

The global bacterial colony counters market is estimated to be valued at USD 445.2 Mn in 2024, and is expected to exhibit a CAGR of 4.2% during the forecast period (2024-2031). The global bacterial colony counters market is expected to witness significant growth owing... View more

Coherent Market Insights Healthcare Api Market

Published Date : Apr 2024

The healthcare API market is estimated to be valued at USD 228.3 Mn in 2024 and is expected to reach USD 345.5 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. The growing demand for efficient ... View more

Coherent Market Insights Global Medical Equipment Financing Market

Published Date : Apr 2024

Global medical equipment financing market is estimated to be valued at USD 173.69 BN in 2024 and is expected to exhibit a CAGR of 6.8% during the forecast period (2024-2031). Global medical equipment financing market has witnessed steady growth globally over the past ... View more

LogoCredibility and Certifications

Trusted Insights, Certified Excellence! Coherent Market Insights is a certified data advisory and business consulting firm recognized by global institutes.

Reliability and Reputation

860519526

Reliability and Reputation
Reliability and Reputation
Reliability and Reputation
ISO 9001:2015

9001:2015

ISO 27001:2022

27001:2022

© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.