Growth Forecast for IT-Enabled Healthcare Market Through 2027
The growing prevalence of chronic disease around the globe is a key factor driving the growth of the IT-enabled healthcare market. According to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S. Additionally, the introduction of IoT connected device platforms is again projected to support the growth of the market. For instance, in June 2020, MedShift, a medical technology company, introduces the new version of IoT connected device platform, 3.0, which provides an end-to-end solution for device manufacturers, integrating their purpose-built credit card-sized computer boards, with encrypted private cellular SIM capabilities, into any medical device line up.
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IT-enabled Healthcare Market – Competitive Landscape
Key players functioning in the global prosthetic liners market consists of 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.
Also, the launch of pharmacy automation systems is further expected to uplift the growth of the IT-enabled healthcare market. For instance, in February 2018, RxSafe, LLC launched RapidPakRx system, a new automated strip packaging system for retail and health system pharmacies that enables on-demand adherence packaging production.
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In April 2020, Wellbeing Software collaborated with Behold.ai, through which the Behold.ai’s artificial intelligence-based red dot algorithm will be used with Wellbeing Software’s Cris, a RIS, for fast-track diagnosis of COVID-19 in the U.K.
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In April 2020, Sectra, a medical imaging IT and cybersecurity company, partnered with Hospital for Special Surgery, an academic medical center focused on musculoskeletal health, to integrate an FDA-approved digital pathology imaging solution with a laboratory information system for integrated diagnostics capabilities between radiology and pathology
North America is expected to dominate the global IT-enabled healthcare market and this is attributed to the high demand for such advanced systems in the region. In April 2021, the US-based digital native health insurer introduced +Oscar, a tech-driven platform business designed to help healthcare clients drive improved efficiency, growth, and engagement with their members and patients. +Oscar offers a cloud-based service architecture and integrated data and analytics layer to serve clients spanning the individual.
The increasing use of IT-enabled healthcare technologies is particularly in the field of clinical diagnostics. A number of healthcare institutions, such as nursing homes, hospitals, and rehabilitation centers, are now incorporating computerized tomography (CT) scanners with digital patient records and electronic patient calendars, in addition to biometric wall maps and other highly sophisticated equipment for diagnosis. These new systems have enabled these healthcare institutions to save huge amounts of money that would otherwise be spent on hiring expensive staff to conduct physical exams and tests, or on purchasing diagnostic equipment, devices, and software for conducting all kinds of clinical tests.
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• Current and future of global IT-enabled Healthcare Market outlook in the developed and emerging markets
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• The latest developments, market shares, and strategies that are employed by the major market players
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