DIGITAL DISRUPTION IN HEALTH CARE: The $8.7 trillion opportunity in digital health

BI Intelligence

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Health care is a multi-trillion-dollar behemoth of the global economy — but it has a complicated relationship with technology, embracing some innovative tools while resisting others. Whether patients and their doctors are ready or not, though, digital disruption in health care will only accelerate in the years ahead.

Technology makes it easier for doctors to perform complex procedures, gives them access to more powerful drugs, and helps them avoid harmful errors. But in the digital age, gathering and using data is just as important if not more so.

In a new report from BI Intelligence, we analyze digital disruption in health care, looking at clinical operations and the role of electronic medical records. We identify the expanded scope of medical care and how patients will use health devices in their everyday lives, as well as survey the possible impediments to the digitization of health care in regulation, workflow resistance, and privacy concerns.

Here are some of the key takeaways:

• Digital is already disrupting health care in a number of sectors; electronic health record use is climbing and will near saturation as third parties figure out new and better ways to link and comb through that data.
• Companies are developing all sorts of tools and equipment that doctors and nurses will use to gain new and greater insight into their patients, from connected scales to smart beds, and even augmented reality (AR) glasses.
• There are clear hurdles to disruptive digital technology in health care, including regulation, staff buy-in, and privacy concerns. However, these barriers are starting to fall as the benefits of connected devices grow more apparent. 

In full, the report:

• Explains the role of digital technology in medicine, and how it is and will continue to disrupt health care.
• Provides an overview of disruption in clinical care, the health records space, and care in everyday life.
• Analyzes how the growth of digital health technologies will save time and reduce costs for the health care sector.

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