Frost.com - Connected Health Research http://www.frost.com/c/10260/home.do http://www.frost.com/c/10260/home.do - Connected Health Research Frost & Sullivan Growth Opportunities in Asia-Pacific Hospital Healthcare Information Technology, 2016 2021 http://www.frost.com/prod/servlet/sublib/display-report.do?id=P982-01-00-00-00 http://www.frost.com/prod/servlet/sublib/display-report.do?id=P982-01-00-00-00 Hospital health information technology (hospital IT) includes solutions that have a common end goal to improve the quality of in-patient care while reducing cost. For the purpose of this report, the hospital IT market consists of software, solutions, and maintenance services but does not include hardware. The market is segmented into clinical information systems and administrative and financial information systems. Examples of healthcare IT solutions in scope: hospital information systems (HIS) including revenue management, financial management, human resource management, customer relationship management, knowledge management, and supply chain management systems; clinical applications including laboratory information systems (LIS), radiology information systems (RIS), picture archiving and communication systems (PACS); electronic medical records (EMR) and electronic health records (EHR), computerized physician order entry (CPOE), clinical decision support, and patient portals. The hospital IT market in Asia-Pacific (APAC) is the fastest growing amongst all regions globally, expanding at a compound annual growth rate (CAGR) of 9.7% between 2016 and 2021. However, several healthcare industry transformations in the region are creating demand for solution and business model innovation that will truly help care delivery in APAC become more patient-centric and customer-focused. While quality of care is of utmost importance, improving patient satisfaction, creating world-class patient-experience, and enhancing organizational productivity are emerging goals that hospital IT decision makers are aiming for. To granularly understand the challenges, demands, unmet needs, and vendor preferences of hospital IT decision makers in APAC, Frost & Sullivan conducted an online survey that gathered 73 responses from both public and private institutions. Results of the survey were then discussed with local and multinational vendors across the region to understand how they were aligning their growth strategy in response to the observed market dynamics. The combination of demand-side and supply-side research revealed that IT investment in the next five years will be focused on improving health data continuity, utilizing Big Data & Analytics, cloud deployments, and data security systems. Key questions this study will answer: What are the current trends, challenges, and drivers for hospital IT investment in APAC? What will be the most promising Growth Opportunities and key investment areas over the next five years? Are the currently available solutions and vendors adequately meeting market needs? What are the gaps, if any? Are there any early market movers in this direction? What will be the impact and adoption of new technologies? How will these change current industry paradigms and / or bring in new business models? How are expectations from vendors changing and what are some emerging vendor selection criteria? How can APAC hospitals move towards a higher level of patient-centricity? What role do vendors play in this industry shift? Tue, 8 Aug 2017 00:00:00 +0100 Why Healthcare Industry Should Care About Blockchain? http://www.frost.com/prod/servlet/sublib/display-market-insight.do?id=297776753 http://www.frost.com/prod/servlet/sublib/display-market-insight.do?id=297776753 Blockchain technology provides significant application potential across some of the pressing needs of Healthcare industry. Despite the current euphoria, we need to understand and decode the hype cycle for blockchain technology and its realistic healthcare applications. Fri, 4 Aug 2017 00:00:00 +0100 US Hospital Workforce Management Software Market, Forecast to 2020 http://www.frost.com/prod/servlet/sublib/display-report.do?id=K153-01-00-00-00 http://www.frost.com/prod/servlet/sublib/display-report.do?id=K153-01-00-00-00 Hospitals often face an intricate balancing act in delivering the right clinical, operational and administrative mix of employees to achieve multiple goals and needs of the enterprise. Connecting all the dots for proactive and on-budget workforce strategic planning is almost impossible to achieve with paper-based systems given the increasing amount and type of data inputs needed. Automation is thus essential for smart, data-driven workforce management. As with other industries undergoing significant disruption and transformation, IT plays an essential role in helping healthcare organizations streamline and optimize operations, including workforce management. Workforce management software solutions help hospitals connect limited human resources with clinical needs based on patient population demographics and patient flow. The objective of this research service is to present a comprehensive analysis of the US Hospital Workforce Management (WFM) Software market. The study describes and defines the market for various types of software applications deployed by US hospitals to manage an array of functions related to labor allocation/human resource management including staffing and scheduling; time and attendance; payroll; patient acuity; benefits administration; and personnel management. The study discusses market megatrends associated with WFM in US hospitals; reviews key factors driving hospitals to deploy and/or upgrade WFM software in response to dynamic industry shifts; outlines key challenges faced by hospitals as they shift from legacy, siloed approaches to WFM software to new data-driven, integrated, cloud-based approaches; reviews key vendors that serve the industry; provides an overall outlook for future business and IT trends for hospital WFM software; and forecasts growth in spending for the hospital WFM software market for the 4-year period of 2017 to 2020. Key Questions This Study Will Answer: What types of products comprise the US hospital WFM software market? What are the key features and functions of these products? Who are the key vendors serving this market? What are the market-shifting megatrends impacting the market for WFM software products in US hospitals? What economic, business, and technological factors are shaping disruption and change? What are the specific drivers and restraints impacting the market for WFM software deployed by US hospitals over the next 4 years? What is the 4-year spend outlook for WFM software deployed by US hospitals? What are the key competitive and growth dynamics that vendors serving the hospital WFM software market need to understand? Mon, 31 Jul 2017 00:00:00 +0100 Technologies Driving Clinical Trial Management http://www.frost.com/prod/servlet/sublib/display-report.do?id=D7CA-01-00-00-00 http://www.frost.com/prod/servlet/sublib/display-report.do?id=D7CA-01-00-00-00 Clinical trials are slow and expensive process. Over the years, especially last year, the number of drugs approved through successful clinical trials has reduced significantly. Due to several clinical trial failures, pharmaceutical companies have suffered significant revenue loss. Based on Frost and Sullivan s research, integration of digital technologies including cloud technology, artificial intelligence, big data, predictive and prescriptive analytics, internet of medical things and mobile technology, into the clinical trial processes can improve the efficiency, fasten the clinical trials processes. Pharmaceutical companies are embracing these digital technologies to improve patient engagement, prevent trial failures, thereby improving the profitability of drug development. This research service will showcase the emerging technologies impacting the clinical trial industry on a global scale, through a detailed strategic assessment of the industry challenges and unmet needs. Integrating of these emerging digital technologies can create further growth opportunities such as increase the chances of trial success through adaptive clinical trials, facilitate remote trials for faster and cost-effective outcomes and increase patient engagement through patient-centric trials. Thu, 27 Jul 2017 00:00:00 +0100 Global Digital Health Sleep Technology Market Companies-to-Action, 2017 http://www.frost.com/prod/servlet/sublib/display-report.do?id=MD3F-01-00-00-00 http://www.frost.com/prod/servlet/sublib/display-report.do?id=MD3F-01-00-00-00 The importance of sleep in maintaining general health and wellness is being rapidly recognized by healthcare providers and consumers. Good sleep is associated with increased productivity, vitality, and reduced susceptibility to chronic diseases. The maturing healthcare consumer has started including sleep quality as an important metric to track and is already seeking approaches that can help enhance it. The sleep technology market is flooded with devices, sensors, wearables, and mobile apps that collect sleep data, along with other physiological and activity parameters. Sleep technology consists of a mix of stand-alone, dedicated solutions, as well as technologies integrated with wearables that track multiple parameters. Much like other healthcare wearables markets, the sleep technology market is flooded with small- and medium-sized companies offering modular solutions. Crowdfunding platforms have enabled start-ups to enter with innovative technologies that have the potential to change market paradigms. For the purpose of this research, the entire sleep ecosystem has been explored, including wearables, bed-based sensors, ambient devices, mobile apps, and software, with the goal of understanding how this ecosystem needs to evolve to serve current and future customer needs. The research found 2 major gaps in market offerings: Existing solutions only offer data capture and viewing with basic data analytics. Customers want personalized advice on how they can improve their health and wellness through targeted sleep-enhancing measures. Existing solutions are fragmented, requiring human intervention to integrate data from various channels. A collective ecosystem of sleep technologies is lacking. The future of sleep technologies lies in placing the consumer in the centre and building a network of integrated devices and sensors around him/her that are smart, intuitive, and responsive. Data from sleep devices, sensors, and applications will play a critical role in patient data sets, as part of Big Data needs of providers, payers, and consumers in healthcare. Mobile app experience with sleep technology can bring with it a range of different approaches and data experiences based totally on user preference in the way they choose to interact with their data and insights. Artificial Intelligence systems will be the new partner for consumers in their health. Capabilities such as Amazon Alexa can become an extended part of patient care teams both as an interface and a proactive partner focused on health, wellness, home, diet, and lifestyle suggestions. The key point is for vendors to work more closely and establish partnership models. Key Questions Answered in this Study: What are the growth opportunities in sleep technology? What is the impact of the external industry environment on this market? Which are some unique companies that are introducing new and innovative solutions in the market? How do these companies intend to transform healthcare industry paradigms in the foreseeable future? What is their action plan and potential for growth? What are some key success factors in the sleep technology market? Mon, 24 Jul 2017 00:00:00 +0100 It s Time We See Results: Hospital IT Decision Makers Redefine the Goals & Expectations of IT in APAC http://www.frost.com/prod/servlet/sublib/display-market-insight.do?id=297722563 http://www.frost.com/prod/servlet/sublib/display-market-insight.do?id=297722563 Asia-Pacific (APAC) is the fastest growing market for hospital information technology (hospital IT) solutions globally, and is expected to generate over $15 billion in revenue by the end of 2021. Thu, 13 Jul 2017 00:00:00 +0100 Microbiome Technologies Energizing Pharma and Life Sciences http://www.frost.com/prod/servlet/sublib/display-report.do?id=D7B3-01-00-00-00 http://www.frost.com/prod/servlet/sublib/display-report.do?id=D7B3-01-00-00-00 Microbiome science has become a key area of research for biopharmaceutical companies. At present, there are multiple start-ups emerging, which are focusing their resources towards the development of novel therapeutics as well as diagnostic/screening technologies and services. In an era of personalized medicine, the current trajectory of growth witness across the microbiome industry parallels, the growth that took place across genomics. Some of the milestones that have occurred in the microbiome field are the application of next generation screening towards identifying and assessing microbial levels within the human gut. Using these microbial biomarkers, scientists are pushing the boundaries by identifying novel drug targets as well as probiotic or prebiotic products that could aid in balancing the microbial ecosystem within the human body. Wed, 28 Jun 2017 00:00:00 +0100 Does Blockchain Have A Place in Healthcare? http://www.frost.com/prod/servlet/sublib/display-market-insight.do?id=297683278 http://www.frost.com/prod/servlet/sublib/display-market-insight.do?id=297683278 Blockchain technology is making headlines everywhere. If you have recently attended any tech events it is highly likely that you came out of them having heard just that bit more about it. Everybody is talking about blockchain -- from the President of the United States to the Nigerian Government. Tue, 27 Jun 2017 00:00:00 +0100 Is Doctorless Care the Future of Healthcare? http://www.frost.com/prod/servlet/sublib/display-market-insight.do?id=297683809 http://www.frost.com/prod/servlet/sublib/display-market-insight.do?id=297683809 Undoubtedly the current model of sick care is unsustainable due to a number of compelling reasons. The aging population burden tops the list. The United Nations World Population Aging Report paints a grim picture for the future (see Figure 1) from 2025 and beyond, the share of the elderly population Tue, 27 Jun 2017 00:00:00 +0100 Blockchain Technology in Global Healthcare, 2017 2025 http://www.frost.com/prod/servlet/sublib/display-report.do?id=K1DB-01-00-00-00 http://www.frost.com/prod/servlet/sublib/display-report.do?id=K1DB-01-00-00-00 Blockchain technology, with its ubiquitous security infrastructure for seamless health data exchange, holds potential to eliminate the burden and cost of health data reconciliation and facilitate interoperability. Emerging blockchain systems promise to unlock new economic advantages by disintermediating high-cost gatekeepers and automating transactional services across healthcare workflows (e.g., claim adjudication, billing management, RCM, drug supply chain). Increasing pricing pressure to decrease healthcare cost globally and digitization of care delivery models are transitioning the industry toward a much-anticipated personalized treatment paradigm. With these health systems, payers and drug and device manufacturers equally urgently require a secure connected health IT ecosystem to manage healthcare data and promote value-based care. At its core, blockchain offers the potential of a shared platform that decentralizes health data, ensuring access control, authenticity, and integrity of protected health information. Further, the blockchain-based distributed network consensus with cryptography techniques provides an additional layer of trust to minimize cybersecurity threats for healthcare IT systems. This never-before blockchain-based trusted workflow with a single source of truth presents the healthcare industry with radical new possibilities for outcome-based care delivery and reimbursement models. Despite the hype around blockchain, for many people (across different industries), the blockchain concept remains difficult to grasp which makes it one of the most misunderstood technologies of 2017. Blockchain technology may not be the panacea for healthcare industry challenges but it holds the potential to save billions of dollars by optimizing current workflows and the disintermediation of some high-cost gatekeepers. Research Scope The research service analyzes the key trends and developments around blockchain technology and captures the essential building blocks for implementing a healthcare-focused blockchain ecosystem in the next 5 10 years. Differentiating the hype from reality, the study discusses blockchain technology s most potential applications in some of the pressing needs of the healthcare industry such as health data interoperability, cybersecurity, insurance fraud management, and drug supply chain provenance. The study also provides a global flavor around blockchain technology deployment and discusses current adoption trends across major healthcare-focused use cases such as the adoption timeline, growth opportunities, implementation challenges, government and commercial initiatives, select collaboration or deals, and the key companies and consortiums to watch. Finally, the study provides strategic imperatives and recommended business models to foster healthcare-focused blockchain ecosystem partnerships for future implementation on a large scale across healthcare use cases. Key Questions This Study Will Answer What is blockchain technology and what are its implications for the healthcare industry? Who are the key stakeholders in the healthcare blockchain ecosystem? What is the convergence potential for blockchain with emerging healthcare technologies? What are the most promising application areas of blockchain for the healthcare industry? What are the adoption and growth trends for these use cases? Which are the leading companies with healthcare-deployable blockchain solutions? What are the possible business models for blockchain technology deployment in healthcare applications? What are the challenges for implementing blockchain in healthcare? Fri, 23 Jun 2017 00:00:00 +0100