According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the Healthcare Information Technology (IT) Market worth over $441.8bn by 2025. Favorable government initiatives for encouraging adoption of information technology in healthcare services will boost industry growth in the future. For instance, the U.S. government passed the Health Information Technology for Economic and Clinical Health (HITECH) Act, providing funds worth USD 20 billion for setting up electronic health records. Such government initiatives should propel the Healthcare IT market growth.
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Technology has lately been transforming the face of healthcare with each milestone invention. Telemedicine, a term which is often used interchangeably with telehealth and connected health, has been one of the most revolutionizing aspects in healthcare of late, though the idea of contacting a healthcare professional over the telephone appeared in medical literature as far back as the time when Alexander Graham Bell first invented the telephone.
Direct-to-Consumer (DTC) Genetic Testing Market size is set to exceed USD 2.5 billion by 2024; according to a new research report by Global Market Insights.
Growing incidences of genetic and rare disorders worldwide coupled with wide applications of direct-to-consumer genetic testing in early detection and prevention of oncology as well as other genetic diseases will drive the DTC genetic testing market growth in the coming years. Rising awareness among patients pertaining to early disease diagnosis will result in timely treatment and reduced mortality rate. Additionally, technological innovations in direct-to-consumer genetic testing to offer enhanced efficiency, high sensitivity and accuracy will serve to be a significant impact rendering factor. Moreover, increasing adoption of carrier testing at a very early stage of pregnancy will further augment the business growth during forecast period.
The first month of 2019 is not over yet, but there are already four major announcements about new research projects between large drug discovery corporations and smaller artificial intelligence (AI) companies -- this is more than the number of all similar announcements in the year 2014 combined -- only three.
The deployment of robotics in healthcare to perform complex surgeries with more precision and accuracy has indeed propelled microsurgery robot market trends. Over the last few years robotics is being incorporated prominently in gastrointestinal, gynecological, and urological surgeries, owing to the growing awareness among the healthcare service providers and patients about minimally invasive treatments. Many patients with terminal disorders such as endometrial cancer have also found to be inclined toward robotic techniques. The increasing use of such innovative and minimally invasive medical treatment facilities is slated to fuel microsurgery robot industry size.