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3 Big Predictions for the Global Healthcare Market in 2014

by Fred Pennic 12/09/2013 Leave a Comment

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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:

  1. mHealth – As more healthcare IT and patient monitoring tools are integrated, every hospital facility will eventually have to acquire a fully-enterprise wireless solution.
  2. 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.
  3. 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:

  1. 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.
  2. The healthcare and life sciences industry will consolidate further in this decade, with many big pharma companies seeking alternatives to the blockbuster model.
  3. 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:

What’s Hot in the Healthcare Industry from Frost and Sullivan

Featured image credit: SalFalko via cc

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