Digital Lifescapes

Healthcare sector innovation tends to progress at a slow pace, due to a number of historical factors that inhibit agility. For example, the Smart Home healthcare market continues to grow and evolve, but the scale of the opportunity remains under-penetrated. Last year, new smart home healthcare shipment and service revenues grew 25 percent to reach $22.9 billion worldwide, but that growth rate may be hard to sustain, despite the potential for further growth. According to the latest worldwide market study by ABI Research, new smart home healthcare shipment and service revenues will reach $26.5 billion in 2023 -- that's up by 15 percent from 2022. Smart Home Healthcare Market Development Smart home healthcare, encompassing connected home care, remote patient monitoring, and social robotics, can improve the health and care of the most vulnerable while reducing staffing and other costs. It also represents an opportunity for a host of players from smart home vendors and beyond to extend ...

Almost one-third of the healthcare organizations in the Asia-Pacific region are well aligned with their ecosystem, according to the latest market study by International Data Corporation (IDC). However, sustainability lies in effectively handling the challenges of healthcare organizations, by sensing the future technological trends. IDC recently released its Asia-Pacific market outlook. The predictions provide the Digital Health trends in the region -- enabling healthcare organizations to be proactive, instead of merely being reactive. The study emphasizes a rapid shift from hospital-centric to patient-centric care delivery. Widespread deployment of Telehealth services led consumers in the region to look at integrated (hybrid) care.  Medical 'Care Anywhere' Market Development Although digital front door strategy plays a critical role across the care continuum, a combination of physical and digital access -- while defining and designing hybrid integrated care -- must be ensured f...

Across the globe, more organizations are investing in the modernization of information technology (IT) infrastructure and associated service offerings. For many senior executives, the motivation is obvious and compelling. While most of the IT spending within the commercial enterprise sector is targeted at fueling their digital business growth agenda, the public sector also has its own compelling goals and objectives. Worldwide government IT spending is now forecast to total $557.3 billion in 2022 -- that's an increase of 6.5 percent from 2021, according to the latest global market study by Gartner. Government IT Market Development "Governments will continue to accelerate investments in digital technologies to respond and recover from the continuing evolution of public health uncertainties due to the COVID-19 pandemic," said Irma Fabular, vice president at Gartner . According to the Gartner assessment, the disruptions caused by the pandemic have also reinforced a key digit...

The COVID-19 pandemic accelerated the adoption of IT solutions in healthcare. In particular, more people have accepted teleconsultations with healthcare providers -- including medical diagnoses performed through mobile apps and/or videoconferences. For more than a year, people were unable to access healthcare resources onsite due to either their virus vulnerability or because lockdown restrictions meant that they were unable to leave their homes. Numerous governments responded to the closure of healthcare facilities by loosening previous regulatory restrictions on the practice of telemedicine and online teleconsultations. Telemedicine Services Market Development According to the latest worldwide market study by Juniper Research, the number of teleconsultations performed globally will reach 765 million in 2025 -- that's rising from 422 million in 2021, representing 80 percent growth. The study found that, for teleconsultation services to become an integral element of healthcare prov...

The global COVID-19 pandemic has accelerated digital transformation across many industries. As an example, consider the healthcare sector. Some routine medical situations can be diagnosed and resolved online. While the trend was already in motion long before the pandemic arrived, the adoption of telehealth increased rapidly in 2020. Around the world, many governments responded to the disruption and inaccessibility of healthcare facilities by loosening previous regulations and restrictions on the practice of telemedicine apps, and teleconsultations. This decision resulted in the mass adoption of these medical services among patients and providers. According to the latest market study by Juniper Research, telemedicine will save the healthcare industry $21 billion in costs by 2025 -- that's rising from an estimated $11 billion in 2021. This increased app usage represents an anticipated growth rate of over 80 percent in the next four years. Telehealth Services Market Development The co...

More informed healthcare executives will apply artificial intelligence (AI) strategies to leverage this new technology in five core areas that improve decision making during the current pandemic, according to the latest worldwide market study by Gartner. "In the fight against COVID-19, AI offers an important arsenal of weapons," said Erick Brethenoux, research vice president at Gartner . "It allows predictions to be made about the spread of the virus, helps diagnose cases more quickly and accurately, measures the effectiveness of countermeasures to slow the spread, and optimizes emergency resources, to name a few." Early Detection and Epidemic Analysis AI techniques are used to understand, analyze and predict how and where the virus is spreading or slowing down. Automated contact tracing, for example, is used to build detailed social interaction graphs by analyzing a myriad of citizen data such as mobile phone locations and public facial recognition and back...

The high-cost healthcare system in the United States is clearly ready for a major digital transformation . In particular, cloud-based video technology has begun to display the potential to alter legacy processes. Virtual visits with a practitioner has surfaced as a viable method of seeking help for certain medical conditions. Catalyzed by the Affordable Care Act (ACA) rising prevalence of chronic conditions and an impending physician shortage, virtual visits will gain adoption in the U.S. healthcare industry. According to the latest study by Frost & Sullivan, the telehealth market will achieve a CAGR of 17.8 percent from 2015 to 2021. Both physician and patient familiarity with cloud-based video services is laying a foundation for the use of telehealth virtual visits. Early adopters have expressed their satisfaction with these services, encouraging providers to establish additional services focused on behavioral health and other specialized therapeutic areas. Market Developme...

Across the globe, wireless technology vendors and telecom service providers are assisting companies in the healthcare sector to develop new telecare system applications. The huge amounts of data that's being created has fueled demand for cloud-based storage solutions. It's all part of the growing Internet of Things (IoT) ecosystem that's growing rapidly during 2016 to support these trends. The number of people monitored using mobile telecare systems in Europe and North America was about 450,000 at the end of 2015, according to the latest worldwide market study by Berg Insight. Growing at a compound annual growth rate (CAGR) of 40 percent, this number is expected to reach almost 3.4 million by 2021. There are several types of monitoring systems that can help elderly and people with cognitive disabilities to live independently in their homes for as long as possible. These assistance systems are usually called telecare systems, telecare alarms or social alarms in Europe ...

The healthcare information technology (IT) sector is evolving, albeit slowly. According to the latest study by Technology Business Research (TBR), global market growth in healthcare IT services (HITS) began to rebound in the first quarter of 2015 (1Q15), accelerating 170 basis points sequentially to 6.5 percent on a trailing 12-month basis. TBR attributes much of the increase to the inorganic impact of the strategic acquisitions made in 2014 by Cognizant (TriZetto) and Cerner (Siemens Health Services). Net of these acquisitions, TBR estimates average weighted year-to-year growth in 1Q15 would have been between 5.3 percent and 5.6 percent. "In 2014 TBR observed the electronic health record (EHR) market mature, primarily in North America, as large-scale implementations undertaken in prior years by major provider organizations began to wind down," said John Caucis, senior analyst at TBR . "However, many providers have discovered, much to to their dismay, that EHR in...

One of the largest emerging applications for the Internet of Things is healthcare related technologies that enable remote monitoring and diagnostics. According to the latest market study by Berg Insight, around 4.7 million people in Europe were using connected care solutions at the end of 2013. The term connected care refers to users of traditional telecare, next-generation telecare and telehealth solutions within the European countries where the study was conducted. Until 2019, Berg Insight forecasts that the number of connected care users will grow at a compound annual growth rate (CAGR) of 19.2 percent to reach 13.7 million. Traditional telecare is currently the largest and most mature of the three market segments. The next-generation telecare and telehealth market segments are in a more nascent stage but are entering a strong growth phase that is expected to last for many years to come. The European connected care industry is facing major changes that will reshape the compe...

The Internet of Things revolves around emerging use cases. If you want to see meaningful applications, then look to healthcare.  According to the latest market study by Berg Insight, around 3.0 million patients worldwide were already using connected home medical monitoring devices at the end of 2013. This current installed base comprises all patients that were remotely monitored by a professional caregiver in the healthcare industry. Note, patients that use connected medical devices for personal health and fitness tracking are not included in this figure. By 2018, Berg Insight estimates that the number of patients using connected home medical monitoring devices will grow at a compound annual growth rate (CAGR) of 44.4 percent to 19.1 million. The main application is monitoring of patients with implantable cardiac rhythm management (CRM) devices, which with 2.0 million connections accounted for nearly two thirds of all connected home medical monitoring devices in 2013. Sleep...