Frost & Sullivan has identified three big predictions for the global healthcare market, based on a ‘2013 Search for Growth’ survey which involved 1835 executives in more than 40 countries worldwide. The Frost & Sullivan research team utilized the findings to select and prioritize which key areas are poised for the highest growth in the global health market (PRNewswire, 12/4).
3 Key Subjects in 2014 and beyond
The survey results revealed the following three key subjects in 2014:
- mHealth – As more healthcare IT and patient monitoring tools are integrated, every hospital facility will eventually have to acquire a fully-enterprise wireless solution.
- Cloud in Healthcare – The need for efficient sharing of health information across locations in a synchronized manner will be a key driver for cloud computing in healthcare.
- Regulatory Environment – Healthcare delivery model transition towards value based quality healthcare may pose hurdles for reimbursements.
Based on the survey results, the three big predictions for the global healhcare market are:
- As healthcare is geared towards a personalized medicine model, companion diagnostics will alter drug development and the commercialization process of drug candidates. Combining biomarkers and drugs will result in enhanced therapeutic efficacy and safety.
- The healthcare and life sciences industry will consolidate further in this decade, with many big pharma companies seeking alternatives to the blockbuster model.
- The rise of new technologies capable of integrating medical devices into a connected platform will enhance the functionality of devices, reduce the man power burden and minimize errors.
Other hot areas that have emerged from the same survey include:
- Cancer Market Outlook
- Remote Monitoring
- Drug Delivery Market
- Patient and Consumer Engagement
- Healthcare Dashboards
- eHealth Medical Records
- Medical Devices Growth Drivers
- Drug Discovery Research Outsourcing Market
- Homecare Market Trends
- Video Telemedicine
- Cardiovascular Therapeutics
Some insights from the survey are available on Slideshare here or below:
