Healthcare Industry News

The increasing preference for healthcare information technologies (HCITs) has led to the widescale adoption of ambulatory electronic health record (EHR) systems, globally. HCITs facilitate the secure exchange of health information between consumers, payers, and providers and enable the management of health information across all computer systems. According to the National Center for Health Statistics (NCHS) under the U.S. Centers for Disease Control and Prevention (CDC), office-based physicians, pediatricians, and gynecologists/obstetricians in the country are the largest users of HCITs. This has further stimulated the adoption of ambulatory EHR systems in the country. Governments across the world are encouraging clinics and hospitals to switch from traditional health recording systems to the electric format. For instance, the Health Information Technology for Economic and Clinical Health (HITECH) Act of the U.S. government inspires medical facilities to adopt EHR systems, with the obj

Blockchain, which is a shared immutable ledger for tracking assets and recording transactions, is being increasingly used by healthcare organizations to facilitate the process of data recording and asset tracking. Anything of value can be transmitted and tracked on a blockchain network, at low cost and reduced risk. In recent years, the blockchain technology has become an ideal data storing technology for this sector as it offers immediate, shared, and entirely transparent information collected in an immutable ledger that can be accessed only by authorized members. Thus, due to the exceptional data security offered by this new age record-keeping technology, the blockchain in healthcare market is expected to advance at 67.1% CAGR during 2018–2023. The market was valued at $44.6 million in 2017 and it is projected to reach $890.5 million by 2023. This technology stores data in blocks that are chained together. It links the data in chronological order so that once a new block is filled wi

According to the United Nations Department of Economic and Social Affairs (UNDESA), the global population of people aged 65 years or above will increase from 727 million in 2020 to more than 1.5 billion by 2050. As age weakens the immune system, the elderly population is highly prone to chronic diseases such as cancer, cardiovascular diseases (CVDs), dementia, diabetes, organ failure, and chronic obstructive pulmonary disease (COPD), which can be diagnosed by using anatomic pathology. Thus, the surging population of the elderly will amplify the need for anatomic pathology tests in the foreseeable future. Additionally, the rising burden of chronic ailments, such as kidney diseases, cancer, autoimmune diseases, liver cirrhosis, hypertension, and heart diseases, especially in high and low- and middle-income countries (LMICs) will propel the anatomic pathology market at 5.8% CAGR during 2019–2024. According to P&S Intelligence, the market revenue will grow from $17.4 billion in 2018 to