By some predictions derived from the new report “Worldwide Health Industry 2018 Predictions” from research and consulting firm IDC Health Insights, by 2021, healthcare services will account for 6 percent of global healthcare expenditures.
By the end of the year 2020, emerging technologies like Al, Blockchain, robotics and a $100 million class-action suit will start to gain some strong foot. One in four large hospitals will deploy robotics to carry out difficult and severe operational tasks. 20 percent of healthcare organizations will have moved beyond pilot projects and will be using Blockchain for operations management and will move into production environments. 25 percent of the data used in medical care will be collected and after wards shared with health systems. This process of sharing information will be done by the patients themselves. At the same time, crossing another milestone, the Internet of Information enabled asset tracking and inventory management system in healthcare centers is predicted to get doubled all over the world. This will certainly improve patient safety, staff satisfaction, and will increase operational efficiency.
By the end of 2021, 20 percent of healthcare and 40 percent of life science organizations will have achieved 15 to 20 percent productivity gains through the adoption of cognitive/AI technology. 20 percent of payer office operations will have been shifted to BPaaS contracts and will be driven by overwhelming data management requirements as well.
By the year 2019, it is predicted that about half of all healthcare companies will have resources that will be solely dedicated to accessing, sharing, and analyzing real-world evidence. These resources will be used across their organizations.
Boosting the industry by improving clinical trial recruitment and medication adherence, Mobile engagement among life science companies, patients, and providers will be increased by 50% as well by the same year.