| Vol. 13 No. 20, October 5, 2016 |
FACTS AND STATS
Global Digital Healthcare Market: Trends, Opportunities and Forecasts
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report presents the analysis of the global digital healthcare market on the basis of various segments (Electronic Health Records or EHR, Mobile Healthcare, Wireless Healthcare) and By Region (North America,Latin America, Europe, APAC) and for various types (Applications, Sensor, Functionality, End-Use).
The digital healthcare market is driven by surging adoption of use of smartphones, rising trend of home healthcare, rise in use of mobile health apps. Digital healthcare market is steadily gaining momentum in investments with government initiatives towards the digitization of healthcare along with the trend of value based healthcare. Moreover the need for streamlined and real time based communication between the patient and the doctor will present the market with huge growth opportunities and potential in near future.
In terms of region, North America has the fastest adoption rate of wireless health & mobile health based services along with rising adoption of EHR in hospital owned ambulatory care, with maximum market share in United States, while APAC and Latin America region holds huge opportunities accompanied with growth potential in Brazil, Japan , China and Indian Market.
The market grew at a CAGR of 13.21 % in the period 2011-2015 and for 2016-2021, the growth rate is expected to be at 15.05 %. The recent research report published by Azoth Analytics "Global Digital Healthcare Market: Trends, Opportunities and Forecasts (2016-2021F)" suggests that the mobile health segment is expected to grow at a CAGR of x% whereas the wireless health market will grow at a CAGR of x% during the period 2016E-2021F. Leading players of the industry include WebMD, Biotelemetry, Allscripts, Cerner Corporation. The report also covers other prominent vendors such as Portea Medical, Practo, eclinical works etc.
Digital Health Investors Highlight Priorities, Advise Entrepreneurs to Lose the Hype
Panelists discussing digital health investment at the Health 2.0 conference last week took a skeptical view of direct-to-consumer wellness companies, highlighted priorities for three investment firms and identified areas of interest for future investment.
A Silicon Valley Bank report published this month showed venture investment in consumer digital health has declined to $2 billion since its peak level of $2.7 billion in 2015. Panelists took a bearish view of companies supporting many aspects of the direct to consumer wellness market. But yoga apps took the brunt of the criticism.
“Free yoga applications are amusing but I wouldn’t invest in them,” said Lingjaerde dryly. He expressed doubt that wellness could be profitable.
Apollo Hospitals Takes Online Healthcare a Notch Higher. Launches AskApollo.com – A Single Window for All Healthcare Services
Taking this notion of 24/7 healthcare a notch higher, Apollo Hospitals recently launched its consolidated online healthcare platform – Ask Apollo. Built around the Group’s unique approach and vision towards patient-care, Ask Apollo offers a suite of services, such as booking a Physical Appointment, availing Virtual Consultations, accessing Patient Health Records, requesting home care services and booking a health check. These services are available across the Group’s extensive network of more than 70 hospitals, 200+ clinics (including speciality, dental and sugar) and 137 diagnostic centres and can be accessed through the website www.askapollo.com or the Ask Apollo mobile app.
Oxy-Iso Color Correction Glasses for Healthcare Workers: A Medgadget Review
Color blindness can be frustrating for those with the condition, and it can also create challenges for some medical professionals while they’re doing their daily tasks. Veins, in particular, can be hard to spot by normal seeing people, and it’s even more difficult if your color perception is off. There are also issues like noticing how flush or pale someone is and assessing dermatological problems. We were sent a pair of Oxy-Iso Color Correction Glasses from a company called O2AMP that were developed to help color blind clinicians be better at doing things like starting IV lines.
[We found] the Oxy-Iso will help both normal and color blind people spot vasculature with greater ease, the Oxy-Amp glasses only work for normal seeing folks. Yet, the Oxy-Iso glasses do have downsides for those with correct color vision, in that while veins are easier to spot, other colors can look significantly off.
Our conclusion is that it seems like these kinds of glasses should be more common among phlebotomists, for example, as they are an easy way to see veins whether you do or do not have color blindness. This effect is surprisingly pronounced and unexpected, particularly how well it works for both color blind and normal seeing people.
CardioFocus Heart-Illuminating Endoscopic Ablation System Coming to U.S. Market
CardioFocus, a company out of Marlborough, Massachusetts, is releasing in the U.S. its HeartLight endoscopic ablation system for treating paroxysmal atrial fibrillation. Having received FDA approval back in April, the company is starting rolling out the device with first post approval use at Mount Sinai Hospital in New York City.
Unlike other ablation catheters, no X-rays or EP cardiac mapping is necessary when targeting tissue. This is thanks to a compliant transparent balloon and built-in illumination that lets the physician see the area around the ablation target. A laser light delivered via an optical fiber is used to energize and kill the tissue.
Global 3D Printing Healthcare Industry 2016 Technological & Medical Developments Has Enhanced the Market Services
The intelligence report on the global 3D Printing Healthcare market presents a comprehensive analysis of the market and helps in identifying the key market dynamics influencing the 3D Printing Healthcare market in a negative and positive manner. The research study presents insights into the market, highlighting the scenario of the 3D Printing Healthcare market across the globe, in terms of current scenario and the expected market size and growth rate in the next few years. The research report has presented responses to numerous questions related to the global 3D Printing Healthcare market.
KT Spreads Korean Type Digital Health Care in Uganda
KT announced on September 25 that they held the Digital Health Care Workshop at Serena Hotel in Kampala, the capital of Uganda with the participation of 50 local medical industry workers.
In the event, KT suggested a blueprint of Korean type digital health care which links public health centers in towns, local hospitals and national hospitals. The participants paid a lot of attention to the KT solutions which enable quick responses to major infectious diseases such as HIV (Human Immunodeficiency Virus) and malaria through early diagnoses, a reduction in infant and maternal mortality via an improvement in a maternal and child health environment and the elimination of remote areas devoid of proper medical services.
Mental Health App for Youth to Demo at One Young World Conference in Ottawa
The future of mental health support is about to be revolutionized for youth in Ottawa and across Canada.
Meet the future of mental health for youth next week in Ottawa. The Kanata-based Terrace Wellness Group will be demonstrating its revolutionary prototype app at the One Young World Summit from Sept 28- Oct. 1, 2016.
Executive Director Terri Storey explains, "Traditional mental health delivery is struggling to adapt to the changing landscape and increased prevalence. The traditional model struggles to be in the right place at the right time." Families nation-wide want interventions that meet their needs with 'on-demand' counselling options.
This app was created in partnership with Ottawa-based award-winning developers at lctinus. The "Snapclarity" app will revolutionize support for youth with mental health and wellness needs both in Ottawa and across the country.
Digital Health Companies Aren’t Solving the Right Problems
Digital health is booming. The market that includes health apps and wearables will increase around 1,200 percent over the next eight years, according to one forecast. So what’s propelling this surge in demand? “A growing proliferation of chronic diseases, namely diabetes, cancer and heart ailments … ” the report says.
Not only is this trend alarming, said the Robert Wood Johnson Foundation’s Stephen Downs at the recent Stanford Medicine X conference, but many of the solutions offered by digital health companies are not going to help.
“We don’t need an app that counts steps, because that really just tells you that your day doesn’t naturally incorporate the time and space to walk,” he said.
Here is Apple's smart plan for digital health
Apple wants to be good for you. None of [its] efforts are trivial. The company is working with health professionals, expert scientists and government regulators in its attempt to create a digital health ecosystem that actually does keep you well.
“Health is a huge issue around the world and we think it’s ripe for simplicity and a new view,” Apple CEO, Tim Cook told a May conference in Amsterdam. The company is also willing to go the extra mile and invest in good research and good science for its health solutions. Last week I learned that the Swimming Activity app you will find in Apple Watch Series 2 is based on over a million swim hours of data. Apple has confirmed that Wheelchair is based on similar high investment in research time. Meanwhile the sensors Apple is introducing take years to develop. This is not a trivial attempt, and these things work.
ELECTRONIC HEALTHCARE ARTICLES
Understanding the Gap between Desire for and Use of Consumer Health Solutions
Jennifer Zelmer and Simon Hagens
Modern healthcare is more complex than ever before, with a broader range of care providers, organizations, diagnostic approaches and treatments. The result is that accurate and timely information is more important than ever. In response, clinical use of health information technology has grown significantly in recent years and there is growing interest in the use of consumer health solutions. In this article, the authors discuss the current landscape of the latter in Canada, enablers and barriers to their adoption and our readiness for change.
Consumer E-Health Solutions: The Cure for Baumol’s Disease?
Adalsteinn D. Brown
The idea of consumer e-health solutions is seductive, because it provides one option for treating Baumol’s disease. In this introduction, the author describes four shifts that are critical to reaping the benefits of consumer e-health solutions.
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