7 Emerging Technologies in the Healthcare Market

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The following are 7 emerging technologies in the healthcare market that one should keep an eye out for in 2015:

1. Smartwatches

  • The market was estimated to be worth $14 billion by the end of 2014.
  • Smartwatch shipments are expected to increase by 41% over the next 4 years, accounting for 70% of all wearable shipments by 2019.

2. Phablets

  • Phablets are mobile devices that are about 2 inches smaller than the iPad mini (example: the iPhone 6).
  • Phablets will be a significant competitor to tablets in healthcare because of their ability to make calls

3. 3-D Printing

  • TechNavio expects the global 3-D printing market for healthcare to grow by almost 15% CAGR (compound annual growth rate) from 2014-2019.
  • 3-D Printing can be used in areas ranging from prosthetics to hip replacements.

4. ICD-10 apps

  • Kantar Media surveyed 3,000 physicians and found that 78% use a smartphone and 51% use a tablet, which means that ICD-10 apps will be useful as doctors are trying to reduce the costs of ICD-10 implementation.

5. Smart bands

  • Smart bands are expected to significantly grow in 2015 with an estimated 15 million units to ship.

6. Prescribable apps

  • There has been some speculation that mobile apps are better at dealing with chronic conditions than medication.
  • Research2Guidance predicts that the global health app market will grow to $26 billion in revenue at the end of 2017 (at the end of 2014 it was $2.4 billion).

7. Mobile-optimized EHRs

  • Practice Fusion optimized its EHR system for iPad and Android tablets.

Summary by MedicalGroups.com

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