KPIs on fingertips - Healthcare by Jyoti Sahai @JyotiSahai



During a recent conversation with the CEO-Doctor of a multi-specialty hospital our discussion veered towards how data-driven decision-making using analytic insights could benefit the hospital. His response, typical of most of the CEOs (for that matter from any industry) was - Oh! I really don't need any analytics! All the facts I need to run my organization are on my finger-tips!


Read more »

#DigitalHealth as a tool to Protect the National Health Protection Scheme by Dr. Oommen John @oommen_john


Author: Dr. Oommen John, Date: 12/02/2018

Digital Health would have a pivotal role towards efficient implementation of the National Health Protection Scheme announced in the #budget2018.



Healthcare related costs is one of the leading cause of impoverishment in India. In recent times, there has been a growing "trust deficit" between the consumers of healthcare services and the care providers.


Read more »

Train your Mind to be an Entrepreneur By Priyanka Singh @1_priyankasingh


I have often read these powerful words, Entrepreneurship is for those who can think big. It was almost in contrast to my personality of being someone ambitious yet complacent with the success I would find with my sincere work. To think big, probably you have to be the person who constantly strives for success & works towards climbing the upper most pedestal even before you have climbed the nearest next. 

The Article was first published by Ms. Priyanka Singh on her linkedin pulse blog, the article is republished here with the authors' permission


Read more »

Health Information Technology: A Longer ROI for Higher ROI? by Dr.Ujjwal Rao @DrUjjwalRao



Recently I gave a talk at the Revolutionizing Healthcare with IT Conference in Mumbai around ROI of Health IT. Here's the gist!

Before I delve any deeper, let’s understand what ROI is.

ROI can mean different things to different people. To nurses and infection control teams, ROI means ‘Risk of Infection’. To most of us burdened by home loans, car loans and education loans, ROI means 'Rate of Interest’. To the CEO who makes gut-wrenching investments and wants to make money back, ROI means ‘Return on Investment’. As for me, the emergency physician in me wants to take ROI at its face value, but the clinical informaticist in me thinks of ROI as the ‘Radius of Information’.

Read more »

The potential of #blockchain in #EHR by Danielle Siarri - @innonurse


The article is re-published here with the author's permission. The article was first published on the author's LinkedIn pulse blog.
A person by the pseudonym Satoshi Nakamoto published a white paper in 2008, introducing bitcoin and applications of the blockchain. The blockchain is a decentralized digital ledger, the technology underlying bitcoin: a distributed network, a shared ledger, and digital transactions. In healthcare such could mean “... blockchain technology as a way to streamline the sharing of medical records in a secure way, protect sensitive data from hackers, and give patients more control over their information.

Read more »

‘‘Doctor on the Go” Revolution Ready To Change The Reality of Healthcare by @Guneet_B




Digital technology in healthcare is booming at a rate that no one would ever have imagined. From smartphone apps to self-monitoring healthcare devices, the healthcare delivery system has started to change for the better.

Digitization in itself, however, must not be blamed for introducing changes in how healthcare has always been traditionally delivered to patients. The digitization of healthcare is expected to and has, in fact, successfully managed to handle some of the most common problems associated with traditional healthcare delivery models – long waiting times, ever increasing cost of healthcare, shortage of trained workforce, infrastructure problems, and intrusion into patient privacy and confidentiality. 

Read more »

How are Augmented Reality and Virtual Reality Changing the Face of Healthcare Market? by @marketsmarkets


Healthcare being one of the most crucial sectors globally has seen immense transformation over the years. The use of modern day technologies in healthcare has made it possible for the physicians to deliver accurate diagnosis along with proper treatment. Virtual reality (VR) and augmented reality (AR) technologies are fast gaining prominence among various sectors, especially the healthcare sector. Over the past two decades, AR and VR have come a long way, with 2016 being a breakthrough year for both. They have revolutionized the healthcare industry with their rapid adoption in various areas of healthcare. It is now possible for the surgeons to see the virtual condition of a patient’s body parts and accordingly conduct minimally invasive surgery that have greater benefits in comparison to the traditional surgeries and treatments. The use of AR/VR modeling and 3D visualization is found to be helpful in the healthcare sector.


Market overview

The global augmented and virtual reality in healthcare market was valued at USD 769.2 Million in 2017, and is estimated to be worth USD 4,997.9 Million by 2023, growing at a CAGR of 36.6% between 2017 and 2023.

Based on type of devices, the head-mounted displays are expected to take up the majority of the market share, and also grow at a high rate over the forecast period. This growth can be majorly contributed to the increased use of HMDs in various applications such as pharmacy management, patient care management, and medical training and education. Also, the use of AR smart glass is further estimated to witness a high growth, thereby boosting the growth of the overall market.

Among applications, the patient care management application is projected to be the leading market, mainly due to the growing use of AR and VR technology in therapies and rehabilitation. However, the surgery application is predicted to grow at the highest rate over the forecast period, owing to the advantages of the AR and VR technologies used in operations and other procedures.

How is the market progressing, geographically?

Among regions, North America held the largest market share in 2016, and is also predicted to be the leading market for augmented reality and virtual reality in healthcare, owing to the cutting-edge technologies used in display devices due to its technologically advanced and developed nature. Moreover, the presence of a number of global companies involved in the AR and VR space for the healthcare applications in the U.S. market is also boosting the growth of this market. However, the market for augmented and virtual reality in healthcare in Asia-Pacific is expected to grow at the highest CAGR by 2023. 

This growth can be attributed to the increase in R&D and the rising acceptance of newer technologies in this region.

What is driving and restraining the market growth?

The growth of the worldwide market for augmented reality and virtual reality in healthcare is majorly being influenced by the following factors:

  • Need for reducing healthcare costs
  • Growing penetration of connected devices in the healthcare sector
  • Increasing investments in healthcare AR and VR

Apart from these, growing demand for AR and VR in emerging economies and usage in fitness management is further expected to create an array of opportunities for the growth of this market.

On the flip side, lack of expertise and knowledge among medical practitioners for the adoption of new technologies and incompetence in deployment of AR and VR solutions are the major factors likely to hinder the growth of this market. Moreover, concerns related to privacy of data, social challenges, and lack of compatibility and interoperability between vendors providing AR and VR solutions are the major challenges to be tackled by the players involved in this market.

Ask for Sample Pages @ 
http://www.marketsandmarkets.com/requestsample.asp?id=220832469

Major players and strategies adopted for sustenance

Google (US), Microsoft (US), DAQRI (US), Psious (Spain), Mindmaze (Switzerland), Firsthand Technology (US), Medical Realities (UK), Atheer (US), Augmedix (US), and Oculus VR (US) are some of the major players involved in the global augmented and virtual reality in healthcare market. These companies are increasingly adopting strategies such as major investments in AR and VR in healthcare and new product launches and developments in order to witness sustained growth as well as maintain their market position. Moreover, various other healthcare IT-enabled companies are venturing in this market in order to gain advantage of the high potential growth that this market has to offer.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Report Contact:
Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441

Register to Attend "AI in Healthcare" Conference in 17th -18th May 2018 in Silicon Valley, USA


http://www.mnmconferences.com/Artificial-Intelligence-in-Healthcare

Write in to us at info [at] hcitexpert. com to avail special discount code for the conference


Read more »

Popular Posts