In 2019, digital health will come of age. Favorable reimbursement policies for clinically relevant digital health applications will expand care delivery models beyond physical medicine. 2019 will be a reality check for two of the most hyped healthcare technologies of this decade – Artificial Intelligence (AI) and blockchain – predict experts from Frost & Sullivan.
Globally, 2019 will be a year of value-based care. Access to affordable and quality care will be a key political agenda for upcoming elections in emerging markets such as Asia, Africa, and Central and Eastern European countries. Non-traditional players with digital technologies, such as Amazon, Ali Health, Microsoft and IBM, will provide the required impetus to public health systems to ensure accessibility and affordability of care.
Top 8 predictions for global healthcare for 2019:
- 15% of global healthcare spending will be tied to Value-based Models.
- Artificial Intelligence (AI) for healthcare IT Application will cross $1.7 billion by 2019. By operationalizing AI platforms across select healthcare workflows would result in 10–15% productivity gain over the next 2-3 year.
- Digital health tech catering to out of hospital will grow by 30% and cross $25 billion.
- Asia becomes the New Local Innovation Hub for Global Drug and Device OEMs.
- Analytics shifts from Big Data to Meaningful Small Data by Hospital Specialty. By end of 2019, 50% of all healthcare companies will have resources dedicated to accessing, sharing, and analyzing real-world evidence for use across their organizations.
- Healthcare will be a dominant vertical in voice applications.
- Blockchain move from Hype to Real Initial Commercial Implementations generating ROI. By end of 2019, 5%-10% of healthcare-focused enterprise blockchain applications will move from pilot stage to partial/limited commercial availability.
- Innovative private insurance models shake up healthcare payer industry.