Tag: Survey Report

#mHealth: A New Growth Engine in MedTech Industry by Ananya Bhandari

Source: Grand View Research

Mobile health highlights the risks and opportunities of pharmaceutical and Medtech industries. Surge in number of purely digital players transformed the mHealth app market





According to the estimates of Grand View Research, the global mHealth market size was valued at USD 4.75 billion in 2014 and is expected to witness substantial gains throughout the forecast period. Improvement in 3G & 4G networks and favorable government initiatives in healthcare IT owing to increase in demand for such services. According to WHO Global Observatory for eHealth, about 58% of the health authorities around the globe is involved in the development and adoption of mHealth in health sector. High penetration of smartphones coupled with technological advancement in smartphone applications is also anticipated to further boost up the demand for mHealth services.

Furthermore, the growing adoption of mobile applications paved the way for driving up the demand for various mHealth apps that can be used for fitness tracking, diagnostic & monitoring, consultation, medical information & education services, chronic care management, and ageing solutions. Growing demand for mHealth technology to provide remote patient monitoring services and to run surveillance programs in developing countries, which is further anticipated to propel the market growth. However, lack of reimbursement policies, poor network coverage especially in emerging economies, and data security issues can hamper the growth of mHealth market.

U.S. mHealth Market Revenue by Services, 2014 – 2025 (USD Million)
Source: Grand View Research

mHealth: Market Segmentation

Based on the services, the market is segmented as monitoring services, diagnosis services, healthcare system strengthening, and other services. Monitoring services accounted for major share of over 65% in 2016 pertaining to the factors such as increasing ageing population and rising incidence of chronic diseases such as obesity & diabetes, congestive heart failure, cancer. mHealth helps in monitoring of various health parameters such as cholesterol levels, blood pressure, heart rate, and nutrient intake.

There is continuous advancements in diagnostic device technology that integrates digital technology in medical devices. It enables patients to send clinical data to the healthcare providers through their smartphones. Healthcare system strengthening services provide healthcare surveillance and administration, emergency response and support to healthcare providers. Other services consist of prevention and wellness of patients through mHealth applications. It focused on elderly care, drug abuse prevention, child and women care, smoking de-addiction and healthy living.

Mobile operators held the largest market share of about 49% in 2016. MNO’s provide 3G and 4G broadband network coverage. mHealth allows healthcare professionals to handle appointments and to monitor remote patients. Device vendors are involved in integrating digital technology in medical devices that allows transmission of clinical data such as blood pressure, heart rate, blood-glucose levels and others. Leading vendors such as Biotrick, Medtronic, ResMed and Philips Respironics are successfully using this technology.

Some of the key factors attributing to the market growth include rising number of health and wellness apps with growing adoption of smartphones by population. Asia pacific region is expected to be the fastest growing segment with a CAGR of 27.2% over the forecast period. 

Source: Grand View Research


The growth in the region is driven by the factors such increased healthcare awareness, improving network infrastructure, rising rural population and government initiatives towards digitalization in countries like India and China.


In addition, improving internet connectivity, reduction in costs and increasing use of mHealth for various surveillance and awareness programs for rural areas drive the growth of mHealth in the region. Growing number of surveillance programs for AIDS & other infectious disease and rising incidence of chronic diseases in Latin America and Middle East Asia drives the demand for mHealth applications.

Author
Ananya Bhandari

Ananya is a MBA in Marketing with a professional experience of nearly three years in healthcare domain. She is a Research Analyst, medical devices and healthcare IT, at Grand View Research. Ananya has been working with various Fortune 500 companies in medical devices and healthcare IT domain. She is well versed with healthcare market trends and specializes in strategy building and competition insights. She has successfully driven a team and delivered over 100 market research, due diligence, and consulting assignments for various industry participants and management consultants.

SURVEY: The use of Big Data Analytics (BDA) for better healthcare delivery in India by Nishita Mehta

This survey tries to understand the state of healthcare data management in hospitals in India and the use of Big Data Analytics (BDA) for better healthcare delivery


The results of this survey will help obtain insights in how the hospitals can make use of technological developments for improving care delivery. 


The survey has been created keeping in mind the expertise of respondents, hence it has been divided into two categories: 

(a) User: hospital personnel 
(b) Solution provider/ healthcare technology experts. 

The survey has been distributed across two parts, each would take around 10 mins to answer. The responses to this survey will remain anonymous and will only be used for research purpose. 

I personally thank you for each minute you invested in this research.

(a) User: Hospital Personnel
Part I: https://goo.gl/forms/AS52RYFA4VDP9ct42
Part II: https://goo.gl/forms/ICXKGd19exvuMito2

(b) Solution Provider/ Healthcare Technology Experts
Part I: https://goo.gl/forms/WblNKZgRkq8PGAXs2
Part II: https://goo.gl/forms/WhUUIvfQCuvciwEG2

Author
Nishita Mehta

Ph.D. Scholar at SYMBIOSIS INTERNATIONAL UNIVERSITY

Artificial Intelligence #AI Could Add $957 Billion to Indian Economy, According to New Research by @AccentureIndia


In a recently published report by Accenture, they have highlighted the need for india to invest in AI, we bring you the excerpts of the report. (The following content is sourced from the Accenture report).

Artificial intelligence (AI) has reached a tipping point. The combination of the technology, data and talent that make intelligent systems possible has reached critical mass, driving extraordinary growth in AI investment. Across the world, G20 countries have been building up their AI capabilities. The power of AI starts with people and intelligent technologies working together within and across company boundaries to create better outcomes for customers and society. But India is not fully prepared to seize the enormous opportunities that AI presents. Even with a tech-savvy talent pool, renowned universities, healthy levels of entrepreneurship and strong corporations, the country lags on key indicators of AI development. Much work remains. 


The report, ‘Rewire for Growth,’ estimates that AI has the potential to increase India’s annual growth rate of gross value added (GVA) by 1.3 percentage points, lifting the country’s income by 15 percent in 2035. To avoid missing out on this opportunity, policy makers and business leaders must prepare for, and work toward, the AI revolution. 


The era of AI has arrived. Established companies are moving far beyond experimentation. Money is flowing into AI technologies and applications at large companies. The number of patents filed on AI technologies in G20 countries has increased at a more than 26 percent compound annual growth rate since 2010. Funding for AI startups has been growing at a compound annual growth rate of almost 60 percent.

AI is a new factor of production that can augment labor productivity and innovation while driving growth in at least three important ways:

Mobilize Intelligent Automation
Automate complex, physicalworld tasks that require adaptability and agility.

Empower Existing Workforces
Complement and enhance the skills and abilities of workforces.

Drive Innovations
Let AI be a catalyst for broad structural transformation of the economy. Do things differently, do different things.


The report points out AI is expected to raise India’s annual growth rate by 1.3 percentage points—in a scenario of intelligent machines and humans working together to solve the country’s most difficult problems in 2035

AI TENDING TO INDIA’S HEALTH
India’s healthcare providers have embraced artificial intelligence, recognizing its significant value in better diagnostics with data intelligence and in improving patient experience with AI-powered solutions.

Take Manipal Hospitals, headquartered in Bengaluru, which is using IBM Watson for Oncology, a cognitive-computing platform, to help physicians identify personalized cancer care options across the country.

In cardiac care, Columbia Asia Hospitals in Bengaluru is using startup Cardiotrack’s AI algorithms to predict and diagnose cardiac diseases, disorders, and ailments.

And in eye care, Aravind Eye Hospital is working with Google to use AI in ophthalmology for diabetic retinopathy screening. Also, the government of Telangana is planning to use Microsoft Intelligent Network for Eyecare (MINE), an AI platform, to reduce avoidable blindness, which would make it the first state in India to deploy AI for eye care screening as part of the Rashtriya Bal Swasthya Karyakram program under the National Health Mission.

Accenture, for its part, has developed an AI-powered smartphone solution to help the visually impaired improve the way they experience the world around them and enhance their productivity in the workplace. The solution, called
Drishti, was initially developed and tested through a collaboration with the National Association for the Blind in India.


AI has the potential to have a broad-based disruptive impact on society, creating a variety of economic benefits. While some of these benefits can be measured, others, such as consumer convenience and time savings, are far more intangible in nature. Our analysis focuses on measuring the GVA impact of AI.

Read the press release here >> 
https://newsroom.accenture.com/news/artificial-intelligence-could-add-957-billion-to-indian-economy-according-to-new-research-by-accenture.htm

Read the complete report here >> 
https://www.accenture.com/in-en/insight-ai-economic-growth-india

Author
Team HCITExperts

Your partner in Digital Health Transformation using innovative and insightful ideas

We need your opinion now – Respond to the Data Democracy Survey by @drvikram


Can patients manage their own healthcare records?

Healthcare records are a subject for an engaging discussion across the world. In India, we are just seeing the beginning of this debate. On one hand, many corporate hospitals have taken concrete measures to collect, maintain and drive insights from patient health records. While on the other hand valuable data is either not stored properly or is lying locked up in paper forms. Insights that could have saved lives are never collected.


In this context, we at Healthcare India are working on our next report on data democracy in healthcare. We have created a short survey which will help us capture the sentiments of our readers on this topic. We are also conducting interviews with healthcare leaders to get their views on the same.

The survey would take less than five minutes and will help us drive insights on this topic. Please click here to take the survey.

The responses are anonymous and we will rely on Survey Monkey technology to keep it secure.

We plan to release the report by the end of the year. Looking forward to seeing you all participate in the same.

Author

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Dr. Vikram Venkateswaran

Dr Vikram Venkateswaran is a healthcare thought leader who writes and speaks about the emerging healthcare models in India and the role technology plays in them.
Connect with me

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Social Media Survey Report for Dental Practitioners in India by @drvikram and @drmayurdavda


  • 63% of respondents say they use social media professionally but only 28% have a budget for investing in it
  • 70% of respondents use social media to connect with peers; only 51% use it for patient education


Dental practitioners are reluctant adopters of social media for professional use, according to a survey report by HealthCare in India and The Dental Education. While 90% of survey respondents said they used social media for personal use, only 63% indicated that they used it for professional purposes such as connecting with peers (70%), raising awareness of their practice (61%) and educating patients (51%).


“With the government of India’s healthcare policy emphasizing on preventive healthcare, medical practitioners and hospitals have to find new ways to reach and educate patients to stay healthy. In this context, social media can be a game changer, especially for specialist care providers such as dental surgeons, ophthalmologists, dermatologists and ENT specialists,” said Dr. Vikram Venkateswaran, Founder and Editor, Healthcare in India.

The survey report, possibly the first of its kind in India, outlines possible reasons for low social media adoption as ranging from limited understanding of social media; lack of skills needed to create compelling content on social media; uncertainty around how regulatory bodies such as the Indian Dental Association perceive social media use; and absence of well-known peers using social media.

“As an education provider and a practicing dentist, I have seen interest from dentists to use social media for professional purposes. But the rigors of running a practice means they seldom have the time to invest in familiarizing themselves with this medium,” said Dr. Mayur Davda, Founder, The Dental Education. Other salient findings of the report include the following:

  • The top social media platforms used by respondents for professional work include Twitter, LinkedIn and Blogs (in that order)
  • 42% of respondents spent an average of one to five hours a week on social media pertaining to work. About 33% spent less than an hour a week.
  • Only 28% of respondents had a budget for investing in social media activities

According to the report, social media can be used to educate, promote, interact and advise patients. To this effect the report also includes a section on five commonly asked questions and actionable insights to help medical practitioners build their social media presence credibly

About the Survey

Conducted between August and December 2015 last year, the survey received responses from 114 dentists, of which 52% were women.  The responses were fairly distributed between professionals with less than five years of experience (40%), those between five and 10 years of experience (35%) and those over 10 years of experience (25%)

About Healthcare in India

Healthcare in India is a social movement for better health. We believe that revolutionary health care outcomes are possible only when patients, care providers, local communities, businesses and the government are all deeply involved in the cause for better health. We run a blog for all these stakeholders to share different perspectives on health to allow individuals to make better informed health decisions. We provide advice to healthcare organizations on their digital, marketing and social media strategies.

About The Dental Education

The Dental Education was established by Dr. Mayur Davda so that every dentist/ dental student / dental associate (like dental hygienist and dental ceramist) could get quick and easy access to the vast knowledge of dentistry on the go. The Dental Education is aiming to be as resourceful to dental students and para dental staff as it is for the dentists and offer educational services at free / subsidized cost. Dr. Davda is also President of the Dental Photography School (pioneers of Dental/ Medical Photography Training And research in India) and a Photomentor at Canon India & GPS Smile design, Las Vegas, USA. 

Key contacts 
Dr. Vikram Venkateswaran (drvikram@health-in-india.net) 
Phone: 9686569928 
Dr. Mayur Davda (thedentaleducation@gmail.com) 

To receive the complete Social Media Survey Report for Dental Practitioners in India, please leave us your email id below #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } /* Add your own MailChimp form style overrides in your site stylesheet or in this style block. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */

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Authors

[tab] [content title=”About Dr. Vikram”]

Dr Vikram Venkateswaran

Dr Vikram Venkateswaran is a healthcare thought leader who writes and speaks about the emerging healthcare models in India and the role technology plays in them.

[/content] [content title=”About Dr. Mayur Davda”]

Dr Mayur Davda

The Dental Education was established by Dr. Mayur Davda so that every dentist/ dental student / dental associate (like dental hygienist and dental ceramist) could get quick and easy access to the vast knowledge of dentistry on the go. The Dental Education is aiming to be as resourceful to dental students and para dental staff as it is for the dentists and offer educational services at free / subsidized cost. Dr. Davda is also President of the Dental Photography School (pioneers of Dental/ Medical Photography Training And research in India) and a Photomentor at Canon India & GPS Smile design, Las Vegas, USA.

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