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In this research deliverable, Frost & Sullivan provides bold perspectives and predictions for the global healthcare industry in 2018. The study covers the global healthcare market size. The markets covered include pharmaceuticals and biotech, in-vitro diagnostics, medical technologies, medical imaging, and healthcare IT. The analysis in the healthcare industry captures sectoral and regional trends and provides predictions for the upcoming year as organizations. This healthcare industry outlook study provides guidance on where to find the greatest opportunities for expansion. Despite political uncertainties and cost pressures, the global healthcare industry growth is registered as stable 4.82% during 2018. With the global healthcare industry statistics showing high spending on healthcare, prices of medical devices, consumables and drugs will continue to decline in the developed markets of the US and Western Europe. This would provide the impetus to change the paradigms of product development and geographic rollouts across high growth, emerging healthcare markets, especially the Asia-Pacific region. Furthermore, reimbursement for digital health will improve as managing efficiencies in healthcare delivery become ever more important. The unique confluence of emerging technologies and investment trends will make 2018 the year of technical breakthroughs with the adoption of popular digital health technology solutions such as artificial intelligence (AI), Internet of Medical Things (IoMT), Big Data analytics, and robotics across select healthcare segments.. In addition, cloud-based PaaS/SaaS platforms will be integral to any healthcare data monetization model. The transition of these technologies from ideation to actionable applications will drive growth opportunities across the globe thus increasing the healthcare industry size.
Predictions for the Total Healthcare Industry in 2018 include:
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