Consulting firm Frost & Sullivan expects significant growth in several health IT sectors in 2019 as the industry looks for ways to shift to value-based care.
In an analysis published Jan. 28, the firm notes it expects 15 percent of global healthcare spending to be attributed to value-based care this year. Frost & Sullivan believes this will drive the following trends in 2019:
- More providers will strike risk-based contracts with drug and device manufacturers.
- The market for technology that facilitates out-of-hospital care is expected to grow 30 percent to more than $25 billion.
- As part of this, Frost & Sullivan expects to see digital retailers like Amazon further permeate the home health sector.
- The market for artificial intelligence in healthcare is projected to exceed $1.7 billion.
- Frost & Sullivan believes 2019 will be a major year for blockchain as the market moves to early commercial implementations.
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