Advancements in healthcare digitization, healthcare consumerism, big data analytics and value-based care reimbursement models will help push the industry toward the $1.5 trillion milestone, according to the market research company.
Many of these trends sit at the intersection of healthcare and technology, with pharmaceutical researchers deploying artificial intelligence and cloud technologies, pathology labs adopting health analytics, and research labs increasing their spending on “smart” genomics.
“The scope for synergies among disciplines is attracting big tech companies such as Google, Amazon, Facebook, Apple to the life sciences industry,” Unmesh Lal, program manager for transformational health at Frost & Sullivan, said in the market research company’s July 5 statement.
To access Frost & Sullivan’s Global Life Sciences Industry Outlook report, click here.
More articles on health IT:
Phishing attack breaches Wisconsin county residents’ PHI for 3 months
The most dangerous month for healthcare hacks so far in 2018? May
Apple’s App Store turns 10 — Here are 4 ways it’s tackled healthcare
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
