Key players in the healthcare information technology (IT) space include Epic Systems, Allscripts Healthcare Solution, Inc. , Cerner Corporation, Koninklijke Philips NV, McKesson Corporation, Siemens Healthineers AG, BigHealth, Oracle, Athenahealth, Carestream Health, GE Healthcare, SAP, and IBM Corporation
Pune, India, Nov. 22, 2022 (Globe Newswire) —
The size of the global healthcare IT market is set to show exponential growth during the forecast period, owing to the integration of artificial intelligence (AI) technology into medical diagnostic tools. The integration of interoperable electronic health records with artificial intelligence enables healthcare organizations to enhance patient care through continuous monitoring of a patient’s medical activities. The following are some of the factors that are expected to support the market trajectory in the coming years.
The American population’s progressive tendency to stay active and healthy is increasing, leading to an increase in the adoption of portable health solutions. The Healthcare Information and Management Systems Society (HIMSS) reports that about 64% of US citizens use an app to track health data. The prevalence of obesity among people in the United States has led to an increase in the use of mobile health devices, including smart watches, to control weight.
Moreover, recent technological breakthroughs in the field of Mobile Health Devices are fueling the industry trends. To increase access to digital healthcare, public authorities in Canada are making a plethora of efforts. Ontario recently launched the Digital First for Health strategy to improve the patient experience by integrating digital technologies into healthcare. As digital therapies become mainstream and regulatory approvals are generated, North American healthcare information technology market It is destined to grow exponentially in the coming years.
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Electronic health records enable healthcare practitioners to provide better services through the use of accurate, up-to-date, and detailed patient information at the point of treatment. It increases patient and provider engagement as well as convenience for both parties by securely exchanging information with other patients and clinicians.
The Health Information Technology for Economic and Clinical Health (HITECH) Act emphasized the need for interoperable HER adoption in the health care system as a critical national goal, and to support the deployment of electronic health records in the United States. The demand for electronic health records will increase as software solutions, data mining and clinical trial management systems become prevalent in the healthcare business.
With the advent of digitization, the need for RCM solutions, which includes software tools used to handle financial transactions, has increased exponentially. RCM helps healthcare providers improve their cash flow and increase their income by providing fast payment processing. Leading market participants are trying to provide innovative and better revenue cycle management solutions.
The increasing use of artificial intelligence (AI) technologies in Europe has greatly expanded the potential of new healthcare services. Advancements in artificial intelligence and European collaboration have provided benefits such as data security and increased productivity. The UK’s National Health Service (NHS) is collaborating with AI companies in hospitals to improve data management, driving greater use of medical IT services.
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The need for fast and efficient healthcare management systems and procedures has accelerated the use of healthcare analytics in Europe. Predictive analytics helps clinicians analyze patients’ chronic conditions and prescribe treatment plans that reduce total medical costs and frequency of emergency visits.
Various government efforts boosting corporate investments in big data management services and healthcare data analytics solutions for decision making are boosting the growth of the market. Several factors, such as rising healthcare expenditures and the growing need for integrated solutions, are increasing service adoption in the region. it is expected that Europe’s IT Industry for Healthcare It will be worth more than 185 billion US dollars by 2028.
Regional governments in the Asia-Pacific region provide financing for the modernization and advancement of the healthcare industry. The Government of Japan, for example, has taken measures to create an integrated community-based care system, to bridge the gap between providers and patients. These efforts will enhance the regional landscape for the use of innovative medical technologies.
The rising number of elderly people who are in greater need of healthcare solutions has led to an increase in the implementation of healthcare IT systems in the region. Japan’s innovative medical infrastructure is increasing the number of users deploying online electronic health records, telehealth, supply chain management, and customer relationship management applications.
There is an urgent need for cost-effective care, developments in telecommunications, and an aging population in the region. Asia Pacific healthcare IT market weather forecast. Telehealth features such as remote home care and teleconferencing have allowed patients with chronic diseases to receive treatment from the comfort of their own home. It has enabled healthcare practitioners to remotely monitor patients living in rural areas.
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To promote the adoption of EHR users in the region, regional governments have issued several recommendations and standards for the installation of interoperable EHRs. For example, Ping An Good Doctor, China’s largest online healthcare company, provides its customers with an AI-powered chatbot for communication and simple instructions. The program uses artificial intelligence to help patients.
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