IT-enabled healthcare finds
application in tele-health, healthcare diagnostics, remote patient monitoring,
healthcare education and others.
Statistics:
The global IT-Enabled
Healthcare Market is estimated to account for US$ 464.7 Bn in terms of
value by the end of 2027.
Global IT-enabled Healthcare
Market: Drivers
Increasing launch of
computer-assisted physician solutions is expected to propel growth of the
global IT-enabled healthcare market over the forecast period. For instance, in
January 2020, Nuance Communications Inc. launched Nuance Cardiovascular CAPD, a
computer-assisted physician documentation (CAPD) solution designed to help
cardiologists improve the quality of complex documentation and the accuracy of
reimbursement for cardiac catheterization procedures.
Global IT-enabled Healthcare
Market: Opportunities
Increasing adoption of RIS in
public hospitals is expected to offer lucrative growth opportunities for
players in the global IT-enabled healthcare market. For instance, in March
2020, NHS Nightingale, a hospital run by Barts Health NHS Trust, announced to
adopt Cerner Corporation’s electronic patient record (EPR) and the Sectra RIS and
CliniSys pathology software.
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Global IT-enabled Healthcare
Market: Restraints
Concerns regarding data safety is
expected to hinder growth of the market. For instance, according to Kaspersky,
smart DDoS attacks that were focused on the application layer increased by 73%
in Q3 2019 compared to those in Q4 2019.
Key Takeaways:
The global IT-enabled healthcare
market was valued at US$ 187.7 Bn in 2019 and is forecast to reach a value of
US$ 464.7 Bn by 2027 at a CAGR of 12.0% between 2020 and 2027. Increasing
launch of new and advance healthcare software solutions is expected to propel
growth of the global IT-enabled healthcare market over the forecast period.
Software segment held dominant
position in the global IT-enabled healthcare market in 2019, accounting for
69.6% share in terms of value. Increasing adoption of cloud-based PACS is
expected to drive the segment growth during the forecasted period.
Market Trends
Launch of mobile apps that
integrate with RIS and PACS is expected to aid in growth of the market. For
instance, in April 2020, MedInformatix, a health IT company, launched Wait in
Car, a new mobile-friendly application that allows patients to wait in the
safety of their automobiles for assigned medical appointments. The app
integrates with RIS platforms and electronic health record (EHR) to provide the
service.
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Adoption of order communication
system and EMRs is high among physicians. For instance, in June 2019,
researchers from Korean Medical Association, South Korea, reported that around
68% of the self-employed physicians adopted the Order Communication System and
EMRs, while only one-third adopted PACS.
Global IT-enabled Healthcare
Market: Competitive Landscape
Major players operating in the
global IT-enabled healthcare market include, McKesson Corporation, eHealth
Technologies, GE Healthcare, Johnson and Johnson Healthcare Systems, Inc.,
Aerotel Medical Systems, Ltd., Siemens AG, E*HealthLine.Com, Inc., Allscripts
Healthcare Solutions, Inc., AT&T Inc., Apple, Inc., MedShift, RxSafe, LLC,
Sectra, Wellbeing Software, and AirStrip Technologies LP.
Global IT-enabled Healthcare
Market: Key Developments
March 2020: Sectra signed a
contract with Region Halland, a Sweden-based healthcare provider, to deliver
its RIS as a cloud service
September 2019: eRAD demonstrated
its EHR-Certified RIS, PACS Evolution, and other product portfolios at RSNA
2019
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