Hospitals are under pressure to reduce costs and become more profitable, and operating rooms contribute 60% of revenue in an average hospital. Analyze how technology will help transform delivery, improve patient care, provide work satisfaction and drive value-based care.
This sector is transitioning to a patient-centric model and using real-world evidence (RWE) to face upcoming challenges. This informative research discusses the technology upgrades and competitive environment. It also benchmarks selected industry participants and the upcoming growth opportunities.
Disruptive CDI technologies have the potential to drive significant market revenue through higher adoption by key end users, including hospitals, physician practices and payers. Explore the top growth opportunities across market segments and the vendors in this ecosystem.
Growth is becoming increasingly difficult to achieve. Today, and for the foreseeable future, companies will battle with strategic imperatives that are putting increasing pressures on the growth they so desperately need. Frost & Sullivan has identified eight strategic imperatives that your team must fully embrace to understand the complexity of critical decisions: Innovative Business Models, Industry Convergence, Disruptive Technologies, Geopolitical Chaos, Competitive Intensity, Internal Challenges, Transformative Mega Trends, and Compression of Customer Value Chain.
Each imperative individually represents an uphill climb, but when combined, represent a relative Mount Everest that must be navigated to reach a growth summit. Here are four best practices to drive your growth pipeline during the current COVID-19 climate.
Best Practice #1: Know Your Numbers (facts)
COVID-19 has significantly impacted the growth environment in virtually every market. For some, those numbers are a positive net effect (albeit unwelcomed growth), provisioned by the accelerated uptake in technologies such as video collaboration. That market, for example, was growing at a CAGR of 17.2% prior to COVID-19. It has now accelerated to 24.6%. But not all markets have reacted this way. The average market price in the energy industry changed dramatically through the first 150 days of the pandemic, dropping -38.5%. Thus, with this shift, you have to refocus, revisit your original plans, and reinvest into optimal areas of growth. There is no doubt we are seeing fundamental profit pools shifting across respective value chains, and your organization will survive and thrive based on knowing your “new†numbers.
Schedule a consultation with an industry expert at no charge by contacting us at myfrost@frost.com. We are taking unprecedented action to make our team available to help you cut through the media and politics to get factual one-to-one guidance for the issues and opportunities that matter most to your business.
Vision 2025—What will Spur Disruptive Changes in Global Healthcare?
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Indian Telehealth Industry: Changing Paradigms and the Rise of Virtual Visits
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Hospital Command Centers: Ongoing Resource Shortages Drive Growth
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Business Models Focusing on Patient Centricity Drive Growth of Digital Patient Engagement Solutions
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Competitive Intensity and Growth Prospects of the Global Consumer Wearables Sector
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Investments in Genomics and Precision Health Accelerate the Growth of UK MedTech
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Strategic Public-Private Partnerships Transforming the KSA and UAE Telehealth Industry
Read more Request InfoWith one in six deaths due to cancer,
it is the second-leading cause of death
globally. Approximately 70% of deaths from
cancer occur in low- and middle-income
countries, according to the World Health
Organization. Around three-quarters of cancer
patients require hospitalization, and one in
six needs re-hospitalization. Hospital
admissions can be planned (e.g., scheduled
chemotherapy) or unplanned (e.g., admission for
nausea).
Read more
Until recently, healthcare providers
did not view telehealth as a necessary service
to remain competitive. However, with COVID-19
triggering a 70%-80% drop in patient visits and
customers now expecting remote consultations,
telehealth has emerged as key to survival. It
is empowering healthcare providers and enabling
more meaningful engagement with patients. Read
this blog to find out more.
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Frost & Sullivan believes that retail
health organizations are a key part of creating
higher-touch, lower-cost connections with
individuals needing care. These organizations
should play a more strategic role in the shift
from sick care to health and deploy digital
tools to extend their value to providers and
patients. In this paper, we will outline the
“what and why†and define how retail
organizations and their provider partners
should move forward in this strategic shift.
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With anti-COVID vaccines getting rolled out, the Gulf Cooperation Council (GCC) states and corporations are announcing ambitious development plans and aggressively putting in support measures to rebuild the economy, stimulate cash flow, and build a sustainable growth trajectory that will shape the future of the economy.
Frost & Sullivan’s recent analysis, Strategic Public-Private Partnerships Transforming the Telehealth Market in the KSA and the UAE, 2020–2025, finds that telehealth is a promising model for healthcare services in the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE). Both governments are developing robust digital health infrastructure to support telehealth services.
Frost & Sullivan’s recent analysis, Vision 2025—Rising Healthcare Expenditures and Disproportionate Improvement in Patient Outcomes Spur Disruptive Changes in the Global Healthcare Industry, forecasts that global healthcare revenues in 2025 will exceed $2.6 trillion, up from $2 trillion in 2020.
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