Entries tagged with “healthcare-market”
Articles
3 articles found for healthcare-market:
- Gearing up for the Next Wave of AI in Pharmaceutical Industry – From Cost-based to Value-based models
Artificial intelligence (AI) is reshaping business operations in the health industry. Amid the ever-evolving AI infrastructure, growth in tech-savvy patients and availability of big data, the industry is set to make a transition from using AI for controlling costs to utilizing it for improving patient care. The AI in healthcare market is estimated to reach $6.6Bn in 2021 from $600Mn in 2014, recording a CAGR of 40%; in the five years subsequent to 2021, the market is estimated to grow by more than 10 times.1 In this article, we provide insights on the applications of AI in patient-centric models for improving patient care, from diagnosis to post-treatment care.
- Veterinary Medicine – An Emerging Segment
The global veterinary market is benefitting from the growing trend of pet adoption and is witnessing increased demand. Some interesting trends are changing this industry and key players in this space must be aware of these factors. These trends will change the face of veterinary medicine and bring about advancement in animal healthcare.
- Impact of Biosimilars on Treatment Landscape in US and EU
Rising healthcare costs vis-à-vis the expanding population and lifestyle-related diseases are some of the key areas of concern across the globe. Governments and the healthcare industry, in particular, have been exploring avenues to address these challenges while offering affordable healthcare services. Digital health users opted for online prescriptions and virtual consulting during the pandemic for faster transformation of the health care delivery. However, advances such as development of biosimilars are a key step toward addressing the concerns of the escalating cost of healthcare and patients' access to critical medicines.
Blogs
1 blog posts found for healthcare-market:
- Virtual Healthcare – Relevance Post the Pandemic
The pandemic brought fore the need for and importance of virtual care. Apart from eliminating distance, virtual health can support in-person care as part of an integrated healthcare strategy. It addresses underserved and under resourced patient populations. By enhancing accessibility, convenience, and the experience of receiving and providing treatment, it has the potential to be advantageous for both patients and doctors. But will it continue to see robust growth post the pandemic?
Special Reports
1 special reports found for healthcare-market:
- US Home Healthcare Sector: Resurgence After a Period of Contraction
The US home healthcare market is characterized by high fragmentation and competition, mostly comprising small-scale local providers. Major players such as Amedisys, Addus, Aveanna, Brookdale Senior Living, and The Pennant Group (public and private) dominate the landscape. This sector's growth is propelled by an aging population, escalating healthcare costs, and an increasing age dependency ratio. While the growing senior population pushes up healthcare costs, providing care in home settings can reduce expense. Reimbursement trends are shifting toward value based models and facilitating enhanced patient outcomes. Despite challenges like shrinking margins, the sector rebounded in 2023 post COVID-induced disruptions, driven by technological advancements and demographic factors. This resurgence after a period of contraction reflects the sector's resilience and potential for continued growth.