16 Ways Telehealth Improves Healthcare Services

Telehealth, which spans from video consultations to remote patient monitoring, has the potential to make healthcare more convenient and accessible while cutting costs and increasing revenue for providers and payers. The Telehealth industry is worth an estimated $81 billion.

via CB Insights

Global Digital Health Revenue Will Increase by $200 Billion

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.

via Technavio

Healthcare Tech that Addresses the Greatest Unmet Needs

“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.”

via McKinsey

eHealth Applications Revenue to Reach $693 Billion by 2030

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.

via Transparency

Healthcare Executives Adopt Artificial Intelligence Apps

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.

via Digital Lifescapes

How Emerging Technologies Enable Virus Testing Solutions

“IBM’s new project, MiPasa, uses blockchain to map people who tested positive, where people can and can’t go, and who is at high risk of exposure and must be quarantined again. Such strategies will be essential in restoring the global economy.”

via IDC

Pandemic Creates Huge Demand for Artificial Intelligence

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.

via Digital Lifescapes

How Blockchain Helps Solve Supply and Demand Issues

“Most importantly at this critical juncture of a global pandemic, blockchain technology can provide researchers with a strong and reliable data platform in the form of a shared ledger establishing an autonomous and decentralized peer-to-peer network.”

via GlobalData

How Virtual Clinical Trials Benefit Drug Companies

“Virtual clinical trials – wherein trial data is collected through sensors or remote monitoring devices carried by the patient – can deliver many benefits to pharmaceutical companies, including cost savings, better patient recruitment and retention, and improved data quality.”

via Everest Group

IT Services Revenue in Life Sciences to Reach $4.5B

Speed to market is the primary focus of biopharmaceutical and medical device firms when it comes to their investment in life sciences IT services (ITS), a market that is expected to grow at a steady 9% compound annual growth rate (CAGR) through 2025.

via Everest Group