2011 Trends to Watch: Healthcare Technology

Nov 23, 2010 | Healthcare Tech

SOURCE: Reportlinker

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Introduction

The healthcare technology market is changing fast. Providers and payers are coping with rising costs and restricted access to care and unwilling to compromise on the quality of care. The sustainability of many healthcare systems has become uncertain. Those factors, combined with ongoing government reforms to cope with tightened budgets, require further changes in the healthcare landscape.

Scope of this research

Gives an overview of the current operating environment for the European and North American healthcare markets. Identifies drivers and barriers to healthcare technology, highlights dominant business strategies, and explains how technology can enable the latter. Research and analysis highlights

At the same time as health insurers cut benefits to cope with exploding costs, consumers are increasingly taking responsibility for their own health. During 2011, Ovum anticipates that vendors will sell to a much higher degree than previous health devices and applications, using consumer mass-market channels to reach out to a wider audience.

Scope of this research

Exploding costs for healthcare provision challenge the sustainability of healthcare systems and encourage the adoption of IT. Governments continue to shape the adoption of IT to reduce the costs of healthcare delivery. Consumerization of healthcare helps prevention of sickness

SUMMARY

Catalyst

Ovum view

Key messages

BUSINESS TRENDS AND TECHNOLOGY ENABLERS

Spending on healthcare is rising continuously

EXPLODING HEALTHCARE COSTS CHALLENGE SUSTAINABILITY OF MANY SYSTEMS

Rising costs of healthcare provision

Increasing healthcare expenditures in the US

Healthcare systems become increasingly unsustainable

Hospitals cave in under the financial pressure and consolidate

The healing properties of IT

Investment priorities in 2011

Momentum is building for telehealth adoption

GOVERNMENTS CONTINUE TO SHAPE THE ADOPTION OF IT TO REDUCE THE COSTS OF HEALTHCARE DELIVERY

Government initiatives boost deployment of healthcare IT

Shared services and G-Cloud need to be high on the agenda

What happens to all those files? Storage requirements have a business face

CONSUMERIZATION OF HEALTHCARE HELPS PREVENTION OF SICKNESS

Prevention saves much needed resources

Individuals start looking after their own health

The consumerization of healthcare

RECOMMENDATIONS

Recommendations for healthcare providers

Consider SaaS delivery models

Make the most of your IT investment – keep it interoperable

Start implementing your EHR now

Recommendations for vendors targeting the healthcare market

Showcase the benefits of your solution

Support interoperability

Educate and trade

Alternative views

APPENDIX

Further reading

Methodology

Author

Ovum Consulting

Disclaimer

TABLES

Table: Business and technology enablers in the healthcare technology

FIGURES

Figure: CIOs slightly more optimistic on the healthcare IT budget in 2011

Figure: Healthcare CIOs IT priorities for 2011

To order this report:

Medical Devices Industry: 2011 Trends to Watch: Healthcare Technology

Medical Devices Business News

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