Global Digital Health Outlook, 2020

Global Digital Health Outlook, 2020

This study predicts the ways that artificial intelligence, care coordination cybersecurity, data analytics, digital therapeutics, and telehealth will drive the digital health market in 2020. The report presents 9 predictions that are likely to prevail by 2020. Frost & Sullivan defines digital health as the application of data to the delivery of healthcare, using computational and telecommunications technologies, to support business process workflow, clinical workflow, and patient data management. The goal of digital health is to achieve better patient outcomes while improving efficiency and containing costs. Digital health is multidisciplinary, but primarily focuses on three domains: health process automation, patient engagement, and mobility.

The study reflects on progress by innovative digital health solutions to leverage cloud-based IT to capitalize on the vast new resources of clinical, financial, socioeconomic, and other data generated across the health ecosystem. Patient information is captured by electronic health records (EHRs), connected medical devices, and smartphones. The predictions are important to all healthcare providers, payers, patients, caregivers, and investors because they provide a view of the ways that robust data sets can be used to develop new insights that can improve the quality and efficiency of healthcare and enable new, innovative IT solutions, to engage consumers. Frost & Sullivan is confident that digital health solutions offer great promise for new care delivery models, expanded access, improved outcomes and efficiency, and, ultimately, greater value to all stakeholders.

The predictions apply to global healthcare markets. Frost & Sullivan’s team of expert analysts predict that healthcare will evolve from an IT market that was composed primarily of revenue associated with EHR and billing systems and services to a market that is increasingly incorporating advanced technologies such as analytics, cybersecurity, telemedicine, and other specialty areas such as femtech and IT-enabled employee health management.

Predictions include expected breakthroughs in AI, cybersecurity, digital therapeutics, remote patient monitoring, femtech, Big Data, IT-enabled employee health management, telehealth, and data analytics. For example, this outlook emphasizes the importance of cybersecurity to protect solutions across the global healthcare market.

The research was based on the findings of an expert team of analysts that noted several recurring themes visible across all global markets. These include an aging population, a rising prevalence of chronic diseases, anticipated medical staff shortages, long wait times (both to get appointments and in crowded offices), universal concerns about quality of care, and the need for a common technical platform.Evolving technologies that are covered include facial recognition, blockchains, cloud computing services, natural language processing, interactive virtual assistants, AI, and 5G wireless networks.

The report concludes that digital health is a growing, but complex market. This space will enjoy overall 5-year compound annual growth rate of 12% (2018-2023).

  • Executive Summary
    • Digital Health Predictions
    • Research Scope
    • Digital Health-Technology Applications That Will Drive Growth
  • Digital Health Overview
    • Definition
    • Digital Health Priorities
    • 2019-2020 Global Perspective¯Developed Markets
    • 2019-2020 Global Perspective¯Emerging Markets
  • Demographic Indicators-Selected Nations
    • US Healthcare-Demographic Indicators
    • US Healthcare-Important Indicators
    • China Healthcare-Demographic Indicators
    • China Healthcare-Important Indicators
    • Japan Healthcare-Demographic Indicators
    • Japan Healthcare-Important Indicators
    • India Healthcare-Demographic Indicators
    • India Healthcare-Important Indicators
    • United Arab Emirates Healthcare-Demographic Indicators
    • UAE Healthcare-Important Indicators
    • United Kingdom-Demographic Indicators
    • UK Healthcare-Important Indicators
  • Digital Health Market Dashboard
    • Global Digital Health Market Dashboard
  • 2020 Predictions-AI
    • Prediction-In the digital health space, AI spend will decrease by 50% to prioritize real-world applications.
    • Prediction-Commercialization of clinical-grade AI solutions will be in full swing.
      • Table AI for Healthcare IT: Revenue Forecast, Global, 2017-2022
    • Developments That Will Drive These Predictions
  • 2020 Predictions-Cybersecurity
    • Prediction-Demand for digital health managed cybersecurity services will increase.
    • Prediction-Managed services will accelerate solid cybersecurity strategies.
      • Table Managed Cybersecurity Services: Revenue Forecast, US, 2015-2023
    • Developments That Will Drive These Predictions
  • 2020 Predictions-Digital Therapeutics
    • Prediction-Digital therapeutics will steer ICT leaders into the digital health space, creating opportunities that they will be eager to pursue.
    • Prediction-Bits and bytes will compete with molecules in the next generation of healthcare.
      • Table Digital Therapeutics Market: Revenue Forecast, US, 2017-2023
    • Successful Developments That Will Drive These Predictions
  • 2020 Predictions-RPM
    • Prediction-Digital health opportunities will expand as RPM begins to attract interest beyond just chronic condition management.
    • Prediction-Medical-grade RPM solutions will become widely available.
      • Table Total RPM Market: Revenue Forecast, US, 2016-2023
    • Successful Developments That Will Drive These Predictions
  • 2020 Predictions-Femtech
    • Prediction-Femtech will become a critical component of women's healthcare and be among the top 5 investment areas in digital health.
    • Prediction-Digital solutions will target all women's health issues.
    • Successful Developments That Will Drive These Predictions
  • 2020 Predictions-Big Data
    • Prediction-The dependence on Big Data architectures in digital health will increase.
    • Prediction-ICT firms will step up efforts to offer cost-effective platforms specifically for healthcare.
      • Table Healthcare Big Data Market: Revenue Forecast, Global, 2017-2023
    • Successful Developments That Will Drive These Predictions
  • 2020 Predictions-IT-Enabled Employee Health and Wellness
    • Prediction-Digital health-enabled employee health and wellness management will be worth $1.46 billion globally.
    • Prediction-Adoption of healthcare data analytics will be aided by payers and providers.
      • Table Total EHM IT Market: Revenue Forecast, Global, 2019-2024
    • Successful Developments That Will Drive These Predictions
  • 2020 Predictions-Telehealth
    • Prediction-Digital health convergence will accelerate as telehealth segments blend for an end-to-end solution.
    • Prediction-Telehealth will overcome traditional limitations in service because of where a patient is located.
      • Table Telehealth Market: Revenue Forecast by Segment, US, 2016-2021
    • Successful Developments That Will Drive These Predictions
  • 2020 Predictions-Data Analytics
    • Prediction-Data analytics in digital health will mature with more than a 65% penetration globally.
    • Prediction-Payers and providers will propel the growth of healthcare data analytics.
      • Table Healthcare Data Analytics Market: Revenue Forecast, US, 2017-2020
    • Successful Developments That Will Drive These Predictions
  • Evolving Technologies
    • Evolving Digital Health Technologies
  • Growth Opportunities
    • Digital Health Market-Key Growth Opportunities
    • Conclusion

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