Real-time e-healthcare systems are a digital platform providing instant access to healthcare records to both patients and physicians. They can be accessed by both parties any time and from anywhere. This makes healthcare records much more easily available, making the process of healthcare dispensation more transparent. The elimination of the need for the high-volume paperwork otherwise required throughout the healthcare sector also makes operations in the healthcare sector much more efficient. The growing acknowledgement of these benefits has driven the adoption of real-time e-healthcare systems.
Which are the key regional segments of the global real-time e-healthcare market?
The real-time e-healthcare market is driven primarily by the growing demand from the developed world. The early incorporation of e-healthcare solutions in developed countries, with countries such as the U.S. and the U.K starting to adopt electronic healthcare information transmission solutions in the early 21st century, has allowed for easy incorporation of technological advancements in the sector. The smooth implementation of real-time e-healthcare systems has thus helped the market in North America and Europe.
The U.K. NHS is one of the leading adopters of e-healthcare solutions and innovations therein. E-healthcare solutions such as electronic communication channels between hospitals, online referrals, digital imaging facilities, and computerized GP surgeries are already common in the NHS. Earlier this year, the U.K. reiterated its commitment to modernizing the NHS by allocating GBP4 bn (more than US$5 bn) for making the operations of the NHS completely paperless. This funding could be crucial in initiating the use of e-healthcare solutions such as electronic healthcare records and electronic prescriptions, which are vital arms of comprehensive real-time e-healthcare systems.
The widespread use of smartphones and tablets among the population has also led to the NHS initiating web-based and app-based e-healthcare systems, which could be a massive step towards realizing a nation-wide real-time e-healthcare system.
What are the notable competitive trends in the real-time e-healthcare systems industry?
Real-time e-healthcare systems have emerged as a highly lucrative field for key players operating in the global real-time e-healthcare systems market. The rising demand for various e-healthcare solutions and the smooth development of communication technologies have made it a question of when rather than if real-time e-healthcare systems get implemented across the world.
Large players in the electronic healthcare industry such as Medtronic, Fitbit, GE Healthcare, Garmin, and Cerner Corporation are likely to utilize mergers and acquisitions to expand their operations in the coming years. The relatively recent emergence of e-healthcare in general and especially real-time e-healthcare systems means that several aspects are still being researched upon, with various startups specializing in particular components. The financial clout of established players can allow them to unite these disparate operations and present a comprehensive real-time e-healthcare solution in the coming years.