Health Care Industry Analysis | Health Care Industry Research Report | Ken Research

Ken Research Hospital Health Care Industry Analysis involves complete coverage which elaborates the technological advancements and development in the technologies, increasing number of beds, number of patients, availability of specialized hospitals and other health care centers, government healthcare reforms, upcoming projects on global and country basis and more. In addition, the health care industry, is growing rapidly with the more revenue generation and the financial support of the new entrants in the advancement of the technology furthermore, the more advancement in the specifications of the specialized hospitals.

The developing country like India has developed as a high prospective healthcare destination around the globe, owing to its large pool of well-trained medical professionals, remarkable cost advantages and collaborative research & development environment. The Health Care Industry Research Report constituting of hospitals, pharmaceuticals, medical equipment and supplies, medical insurance and diagnostics has been examining significant growth rates over the decades.

Medical institute such as hospitals and other health care centers are generating high revenue from inpatient sector and outpatient sector. Whereas, in most of the hospitals, the share of inpatient and outpatient is usually in the proportion of 1:9, however, in terms of profit generation, the proportion is more weighted towards inpatients which on an average account for approximately 70-80% of the total turnover of a hospital in a year. Whereas, this share can differ relying on the various types of facilities offered and the ailment mix.

Changing environment and developments in the hospital industry globally is largely determined by the framework developments and increasing need of inpatient and outpatient facilities. This industry moves over a country’s budgetary stability bearing heavy hospital expenditures which are born mainly by the insurance companies. The increasing occurrence of chronic illness, require for specialized medical practices, more developed surgical technologies and services and other health care facilities have been enabling a pathway for new entrants and investors in hospital industry. Hospital category advantage of inpatient and outpatient facilities, operating room services, pharmacy services and more.

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Efficient Use Of The Electronic Medical Record Technology In The Health Care Market Outlook: Ken Research

Health care market is growing day by day with the more development in the technology and spreading across the globe. However unsurprisingly, the health care industry is a wide market and having several areas of doing business. A rising number of medical professionals are opting for technologically advanced data management systems in order to save time and resources. Moreover, the establishment of technologically advanced software is expected to drive the market growth over the forecast period. The electronic health care records offer various advantages to the healthcare providers and patients and increasing patients satisfaction. According to the report analysis, ‘Health Care Industry Analysis’ suggests that an electronic health care record (EHR) is a secure, integrated collection of a person’s encounters with the health care systems and serves a comprehensive digital view of a patient’s health history. Moreover, EHR’s will help in improving the process of health care services, quality and safety of care and become more efficient. With all the applications it is expected that the health care industry will grow rapidly in the forecasted period.

The health care industry is transforming the industry rapidly and leads to significant market growth in the coming years. Electronic health care record is the storehouse of patient’s medical information and many electronic medical records have an added feature called clinical decision (CDS) support. Whereas, CDS builds intelligence into the system that enables the system to improve its efficiency by increasing the quality of information that is provided to the patients and generated regarding anything. Hence, CDS is the major feature that contributes to intelligence within electronic medical records system. The electronic health record (EHR) is a more longitudinal collection of the electronic health information of individual patients or population. Moreover, EMR’s can be continuously updated by the time. Additionally, data from an electronic system can be used anonymously for statistical reporting in matters such as quality improvement, public health communicable disease surveillance and resource management.

According to the report analysis, ‘Health Care Industry Research Report’ states that in Australia and the United States have introduced the use of EMR systems in the Ambulance services and benefits of electronic records in ambulance include better training for paramedics, patient data sharing, data based outcome improvement, review of clinical standards, clinical decision support and others. Moreover, the track care and outcomes send and receive reports, order and results, trigger warnings and reminders and others are the applications of the EMR which is benefited for both the service provider and service receiver and due to the numerous applications the growth of the market will going to increase in the coming years more significantly.

The United States and America is catering major portion of this market and doing more development in this sector whereas some EMR systems automatically monitor clinical events by analyzing patient data from an electronic health record to predict adverse events. Moreover, the Asia Pacific region is also expected to grow in the coming years with the more development in the technology of EMR or EHR. Furthermore, in a research it expected that the North America held the largest market share at around 42% in 2016.

Allscripts, NextGen Healthcare, MEDITECH, Epic Systems Corporation, McKesson Corporation are the major players which are currently focusing on the introduction of customized EHR systems based on individual client needs. Moreover, in this market some of the emerging players are also working which includes CureMD Healthcare, Healthland, eClinicalWorks and others. With the existence of numerous players the market is becoming more competitive and welcoming new investors which support the market financially. Therefore, the market of health care will be expected to grow in the coming years over the decades with the more development in the technology and effective innovations in the applications of EHR.

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Rising Usage Of Blockchain Technology In The Health Care Market Outlook : Ken Research

The health care industry is growing rapidly with the increasing in the concern of disease and several viral in the respective economy. However unsurprisingly, the health care industry is a profit making market is becoming more effective by the time and with the significant development in the technologies of the health care industry. In this industry the technology is playing vital role as in the recent trend with the help of technology several tests to be done and can easily detect the dangerous disease such as cancer and others. According to the report analysis, ‘Market Research Reports For Health Care’ states that in the coming years the technology in this sector will drive the market more enormously and the technology of Blockchain has potential to transform the health care market with the various application which includes increasing the security, privacy and interoperability of health data.

Many of the people have heard a lot related to the blockchain as a portrait of a cryptocurrency called bitcoin but is has much wider use then this, including various industries. The usage of blockchain in the health care industry is that creates immutable and distributable data records which can be shared peer to peer between networked database systems. With the help of this technology the data is theoretically secured and protected from data breach threats. Moreover, in a research it is observed that the Silicon Republic, blockchain startups raised USD 1.4 billion in 2016 and USD 1.0 million in 2017 thus the financial sector has already realized the benefits of using the blockchain. Additionally, the opportunities for health care industry from the blockchain technology are plentiful and in the future this technology in the industry has a wide usage and lead to significant growth as due to this technology the development is done in the health care record systems, wearable devices and others. One of the blockchain approaches that allows for the secure recording and sharing information to the public blockchain with this approach many of the health care institutes and hospitals are admiring this technology.

According to the report analysis, ‘Health Care Market Research Reports’ states that the applications of blockchain technology will lead the market growth even more significantly and blockchain provides a more secure way to protect data than ordinary encryption whereas, it excludes intermediation in data sharing, while using blockchain. Moreover, in 2018 the pharmaceutical companies sector is expected to account for the largest share of the health care blockchain.

It is expected that in the coming years, the North America will be accounted for the largest share in the market followed by Asia Pacific region. Additionally, the large share of North America is attributed to increase of data breaches in the region and rising need to address the dramatic rise in the health care costs in the region. Furthermore, the Europe is also doing so many developments in the technology of blockchain for acquiring huge market share in the coming years.

 IBM and Microsoft the companies in US which are currently functioning in this sector globally in an effective manner and acquiring major share in the market together. Moreover, Patientory, iSolve, Blockpharma and others are the major players of this industry which are working more significantly which make the market more competitive. Therefore, it is expected that in the coming years the market of blockchain in the health care industry will grow rapidly and will lead to significant growth over the decades with the more financial support from the new entrants.

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Increase In The Usage Of Artificial Intelligence (AI) In The Health Care Industry Market Outlook: Ken Research

Healthcare industry is becoming more effective and profit making market in the recent trend with the extensive development in the technology. Technology is playing efficient role in this market as the dangerous diseases only can be identified with the help of several tests which can be done with the help of advanced technology. According to the report analysis, ‘Health Care Industry Analysis’ states that the technology of artificial intelligence is growing rapidly in this market and AI technologies are cropping up to help people streamline administrative and clinical health care processes. With the help of AI technology the fraud can also be detected in this industry with the help of cyber cells. Moreover, with the help of AI, the dose of immunosuppressant drugs can be correctly determined to administer to organ patients. In the recent past years, the AI technique breaking the clinical trials in California and with the more development in the coming years the AI technology is very much prevailing in this industry.

Artificial intelligence technology is currently using in the various industry but the usage of AI in the health care industry is different and having a positive impact in many cases. Managing medical records and other such data is important for both the service provider and service receiver moreover, analyzing information is the most widely used application of artificial intelligence. In addition, with this technology the repetitive jobs can be done as analyzing tests, CT scans, X-rays and other tasks can all be done faster and more accurately by robots. In the recent trend, the smartphone’s webcam is partnered with AI to independently confirm that patients are taking their prescriptions on time or not and help them more significantly to manage their daily routine. In addition, with the help of AI technology the process of scanning can spot vascular and cancer diseases as soon as they become danger and instruct the patients related to health issues. According to the report analysis, ‘Health Care Business Review’ states that with the more innovations in this technology it will lead the market growth more significantly and make the market more competitive as AI is offering various advantages to the health care industry and the innovation in the technology pushes the more solutions to save time, increase in accuracy will be possible and it will also lower down the costs and others.

In North America, the use of artificial technology is growing very rapidly and makes the market fruitful for the investors as well as all the clinical player of this market. In addition, Europe health care market is also doing more development in the application of artificial intelligence technology and leads to the market growth. Furthermore, Asia Pacific region is also dominating the market with the huge market share and doing effective development which is very much profitable for the consumers.

General Vision, Inc., NVODIA Corporation, IBM Corporation, Next IT Corp., Microsoft Corporation, Google, Inc., Stryker Corporation, iCarbonX, Enlitic, Inc., Medtronic Plc., Oncora Medical, Inc and others are the major players of this market. Whereas, in US Google, Inc., is a leading player in the AI in healthcare market followed by Intel Corporation and Microsoft Corporation. However, IBM Corporation is also dominating the market with the more development in the applications of AI technology. With the existence of numerous players in the market, market has been transformed into highly competitive in nature and providing the various opportunities to both investors and existing key players. Therefore, it is expected that in the coming years the market of the AI in healthcare market will grow with the more experiments and development in the technology.

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Augmented Reality Healthcare Applications-Ken Research

Introduction: The medical task of surgery is one of the most complicated and intricate tasks performed by human beings. The high pay grade that surgeons have is due to the intense requirement of medical knowledge and high level of dexterity medical professionals need for surgery as the level of risk in surgery is incredibly high. The initial process of surgery worked using cadavers and fake human bodies which were mimicked and made to scale for the purpose of education and practice for surgeons but the increasing number of medical students coupled with the increasing demand for specialty surgeons capable of handling delicate tasks, especially in third world countries where there is not enough resources or financial capital available for first world healthcare, needs to be addressed to provide a healthcare solution that is feasible and is financially sound allowing for maximum accessibility and affordability for the healthcare markets. Research from Healthcare Market Reports Consulting indicates the solution to be Augmented Reality.

Augmented Reality: Augmented reality is a recent technology breakthrough introduced as a complimentary partner to virtual reality. The technology began primitively with the introduction of sprite imposition by pinning virtual objects on the environment that a user rendered through their camera. The movement and environment, both worked in real time, allowing the user of the AR to experience a semi simulated reality experience which was put into their real world environment. The major use of the technology so far has been in Gaming, Precision Engineering, Skill training and technical proficiency based fields like engineering and virtual design. The platform has grown to incorporate higher functionality, accuracy and a better environment for precision and real life imaging and graphics allowing it to enter into multiple new fields of which healthcare is one of the main ones.

AR in Healthcare: Augmented Reality has a variety of applications in healthcare. The technology has been evolving over the past few years and increased investment into research and development has led to more advanced instruments being used to implement the technology. The primary application of Augmented Reality is in the field of training for medical professionals. The technology is used to give them information of diseases, understanding complex structures and components of the human body, simulating a virtual environment of difficult situations which they may need to handle, and in analyzing patient health and conditions. The application of AR has already begun in hospitals aiming to apply the technology to decrease the risk involved with a procedure and increase the accessibility to information that doctors would have. In March 2018, Texas surgeons were the first ones to use augmented reality to perform a minimally invasive surgery procedure. The surgeons used the tech to plan a path for the surgery, display the structures needed to be operated on for better view and present an overall endoscopic view of the body. The success of the procedure led to increased confidence in the adoption of the technology and has put an emphasis in the potential that Augmented Reality has to redefine the field of medicine.

Market Scenario: North America is expected to dominate the global augmented reality in healthcare market size, owing to rising awareness and growing demand for augmented reality in this region. Moreover, technological advancements in augmented reality are also accentuating market growth in North America. Europe is the next most-dominant market for augmented reality in healthcare market. On an average, Europe spends over 8% of its GDP on healthcare.

Opportunity: While Augmented Reality is a technology that is still evolving and requires a significant amount of effort and investment for it to be implemented on a large scale, highly advanced facilities have already begun adopting the use of AR for basic procedures and the expectation is that the rate of adoption will increase. The technology has a potential of providing doctors with information in real time, showing a visual model of their procedure when combined with optical sensors and on a large scale, integrated with communications technology, Augmented Reality can allow accessibility for third world economies to medical professionals globally and can further be used to provide first world medical services to emerging economies.This would result in a major decrease in the high mortality rate of countries like those in the African and Asian Sub continent. The availability of medicinal technology and medical expertise on a large scale globally can be facilitated through the use of Augmented Reality based technology.

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