Where Is the Health Informatics Market Going? | SpringerLink
Skip to main content

Where Is the Health Informatics Market Going?

  • Conference paper
  • First Online:
Trends and Innovations in Information Systems and Technologies (WorldCIST 2020)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 1160))

Included in the following conference series:

  • 1904 Accesses

Abstract

At an estimated annual growth rate of 13.74%, the global health informatics market can reach $123 billion, by 2025, figures that exemplify the development trends of an ever-growing industry. The authors decided to collect data from the general public through an anonymous survey on the subject of health informatics. This survey was developed on Google Forms and later sent to multiple recipients by email and shared on social networks. A total of 165 people, aged 16 to 81 years old, participated in this survey. 98.8% of the respondents consider response time in health a determining factor. 97.6% of the survey participants consider that it is possible to make more accurate and viable clinical diagnoses using health informatics. Furthermore, according to our survey, people do not mind mortgaging their personal data (which is known from the outset for its incalculable value) because they know that, in return, they will benefit from better living conditions. Three experts were also interviewed and according to one of them, one of the biggest challenges in health informatics is “understanding and detecting diseases long before they happen”. This interviewee also stressed the importance of artificial intelligence “in helping people to improve their health through indicators that alert and recommend certain habits and influence the improvement of people’s quality of life”. Finally, the emphasis needs to be on eliminating health costs and facilitating life for people with chronic diseases.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Subscribe and save

Springer+ Basic
¥17,985 /Month
  • Get 10 units per month
  • Download Article/Chapter or eBook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Chapter
JPY 3498
Price includes VAT (Japan)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
JPY 22879
Price includes VAT (Japan)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
JPY 28599
Price includes VAT (Japan)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

References

  1. Global Healthcare Informatics Market worth $123.24 Billion by 2025 - CAGR: 13.74%: Global Market Estimates Research & Consultants. https://markets.businessinsider.com/news/stocks/global-healthcare-informatics-market-worth-123-24-billion-by-2025-cagr-13-74-global-market-estimates-research-consultants-1027348258. Accessed 3 Oct 2019

  2. Rouleau, G., Gagnon, M., Côté, J.: Impacts of information and communication technologies on nursing care: an overview of systematic reviews (protocol). Syst. Rev. 4(75) (2015)

    Google Scholar 

  3. Imhoff, M., Webb, A., Goldschmidt, A.: Health informatics. Intensive Care Med. 27(1), 179–186 (2001)

    Article  Google Scholar 

  4. Report: Global Healthcare IT Market to Hit $280B by 2021. https://www.hcinnovationgroup.com/clinical-it/news/13028238/report-global-healthcare-it-market-to-hit-280b-by-2021. Accessed 5 Oct 2019

  5. Hitt, M., Ireland, R., Hoskisson, R.: Strategic Management: Concepts. Competitiveness and Globalization, 9th edn. South-Western, Mason (2011)

    Google Scholar 

  6. Top 10 companies in healthcare IT market. https://meticulousblog.org/top-10-companies-in-healthcare-it-market/. Accessed 23 Oct 2019

  7. Masic, I.: The history and new trends of medical informatics. Donald Sch. J. Ultrasound Obstet. Gynecol. 7(3), 72–83 (2013)

    Google Scholar 

  8. 2018 Global Health Care Outlook: The evolution of smart health care. https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Life-Sciences-Health-Care/gx-lshc-hc-outlook-2018.pdf. Accessed 27 Oct 2019

  9. BMD. https://www.bmd-software.com/company/. Accessed 01 Nov 2019

  10. van Houten, F.: https://www.philips.com/a-w/about/company/our-management/executive-committee/frans-van-houten.html. Accessed 01 Nov 2019

  11. Hong, L., Luo, M., Wang, R., Lu, P., Lu, W.: Big data in health care: applications and challenges. Data Inf. Manag. 2(3), 175–197 (2018)

    Google Scholar 

  12. Marvasti, F., Stafford, R.: From “sick care” to health care: reengineering prevention into the US system. N. Engl. J. Med. 367(10), 889–891 (2012)

    Article  Google Scholar 

  13. Royal Philips Q3 Comps. Up 6% - Quick Facts. https://www.nasdaq.com/articles/royal-philips-q3-comps.-up-6-quick-facts-2019-10-10. Accessed 01 Nov 2019

  14. BMD Software. https://www.linkedin.com/company/bmd-software/about/. Accessed 01 Nov 2019

  15. Bell, K.: Public policy and health informatics. Semin. Oncol. Nurs. 34(2), 184–187 (2018). https://doi.org/10.1016/j.soncn.2018.03.010

    Article  Google Scholar 

  16. Aziz, H.: A review of the role of public health informatics in healthcare. J. Taibah Univ. Med. Sci. 12(1), 78–81 (2017). https://doi.org/10.1016/j.jtumed.2016.08.011

    Article  MathSciNet  Google Scholar 

  17. Shin, D., Lee, S., Hwang, Y.: How do credibility and utility play in the user experience of health informatics services? Comput. Hum. Behav. 67, 292–302 (2017). https://doi.org/10.1016/j.chb.2016.11.007

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Manuel Au-Yong-Oliveira .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2020 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Machado, A.C., Martins, M., Cordeiro, B., Au-Yong-Oliveira, M. (2020). Where Is the Health Informatics Market Going?. In: Rocha, Á., Adeli, H., Reis, L., Costanzo, S., Orovic, I., Moreira, F. (eds) Trends and Innovations in Information Systems and Technologies. WorldCIST 2020. Advances in Intelligent Systems and Computing, vol 1160. Springer, Cham. https://doi.org/10.1007/978-3-030-45691-7_55

Download citation

Publish with us

Policies and ethics