Question

Discuss global market opportunities for the healthcare industry.

Answer 1

Global Market Opportunities for the Healthcare Industry are as under:

1.Turning data into action will be the new sources of innovation and service oriented future revenue streams where defferentiation via intelligent solutions and services for oucome based health benefits will be critical to demonstrate value to end users.

2. Increasing demand to deliver on value based care and precision medicine concepts will necessitates deployment of scalable cloud platforms to integrate diverse health data sets to promote care coordination and help healthcare providers establish new care models, and actionable real time analystics solutions

3.There will be fundamental convergence of healthcare with IT and retail industries to leverage tech and business models related best practices to excel on patirnt centricity and innovation front.

4.Technologies such as mHealth and wearables that have been traditionally under utilized in clinical research are gaining traction with BYOD ( Bring Your Own Device) models and quickly becoming a standard.

5.As competition is expected to increase, finding the right type of robotic technology in any segment will be key to gain early leadership and traction in this market.

6. Incentive Based wellness programs will gain popularity.

7.Artificial Intelligence (AI) is expected to play a major role in the future of medical imaging by automating processes, improve workflow productivity, and increasing diagnostic accuracy.