Updated on 5 May 2014
The evolving embedment of technologies in healthcare delivery platforms is on track to witness revolutionary growth
Healthcare industry is in a period of evolution accelerated by changing demographics and market forces propelled by insurge of healthcare awareness, availability of technology and fast access to information, giving rise to disruptive technologies and value chain. The evolving embedment of technologies in healthcare delivery platforms is on track to witness revolutionary growth.
Developed countries like Australia, Japan and Singapore are facing huge pressure of healthcare cost and resource management due to ageing population and lifestyle diseases increasing every year. On another hand, consumers are getting technology savvy and have much faster access to information and control than ever before. Linking the two scenarios, industry is coming up with easy interface devices and solutions that enables quality care delivery at low cost. Challenges in healthcare delivery and the need to cost contain opens a window for industry to bring future technologies that revolutionize the way healthcare management and services are delivered. BioSpectrum takes a look at the future growth of digital healthcare landscape in Asia and its revolutionary approach.
Cloud technologies in healthcare sector is going through a leap jump all over the world and Asia-Pacific (APAC) is also in the run to explore innovative solutions to enable efficient and fast medical and healthcare delivery. Frost and Sullivan mentions that market for cloud technologies, which included Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) offerings, was worth $194.4 million in 2012 and is expected to expand at a compound annual growth rate (CAGR) of a whopping 22.3 percent between 2012 and 2018.
"Cloud providers are experimenting with innovative models of collaboration and their most sort-after customers are government organizations investing in healthcare information technology," remarks Ms Natasha Gulati, senior industry analyst at Frost and Sullivan. Three major industry transformations that will be catalysed by cloud solutions are healthcare industry vertical clouds, telehealth, remote patient monitoring and consumerisation of healthcare.
Industry Vertical Clouds: Adoption of electronic medical records (EMRs) and electronic health records (EHRs) has spurred a wave of interest in industry vertical clouds as these can help extract maximum value from digitization of healthcare.