Globally, the ‘digital health’ market will grow by close to 20% this year, which amounts to an increase of over $200 billion. While APAC and Africa are expected to see the fastest growth in this sector, North America will hold the largest share of the market.
COVID-19 is disrupting the pharma industry, causing drug shortages around the world and exposing the need for a more resilient global supply chain. Digital technology could help change the sector and make global pharma production stronger, more diverse and more flexible.
“Identifying and sizing the potential scope of innovations now in the pipeline is inherently difficult, but we estimate that these technologies could reduce the burden of disease by a further 6 to 10 percent, assuming aspirational yet realistic adoption rates by 2040 — on top of the 40 percent from known interventions.”
The global eHealth market is forecast to reach a value of $693 billion by 2030. The eHealth market will grow at a CAGR of 16.5% from 2020 to 2030. The expansion of the eHealth market is due to the increased adoption of real-time healthcare systems apps.
“As the number of connected devices and networks grows, 5G will bring both benefits and challenges in terms of network and data security. This will make it essential for healthcare organizations to evaluate risks and vulnerabilities around the availability of and access to patients’ health data.”
Half of U.S. healthcare providers will invest in robotic process automation (RPA) in the next three years — that’s up from 5 percent this year according to Gartner. The need to optimize costs and scarce healthcare resources during the pandemic is advancing RPA adoption.
“Any technology that is sufficiently general-purpose has opportunities in a crisis. And machine learning is a general-purpose layer of technology that is enabling all sorts of use cases across every industry. In the good times, there is a surge of innovation and new technical development, which we have seen in spades in AI over the past five years.”
via 451 Research
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.
Medical-related industries have discovered their New Normal. The Coronavirus outbreak has proven that healthcare institutions can no longer ignore the role of Artificial Intelligence (AI) in their daily workflow. And, cognitive systems are essential components of their solutions to the current crisis.