Analyst Insights and Signify Premium Insights

In recent months, the US Department of Health and Human Services (HHS) made several announcements promoting the development of health information exchanges (HIE). 

This insight provides an overview of the key developments witnessed at HIMSS from our teams that were in attendance in Orlando earlier this month. The insight is broken down into four areas of the healthcare technology industry:

The digital health market was inundated with several announcements off the back of the ViVE 2024 conference last month. As it pertains to high-acuity telehealth, many announcements over the last year have related to the growing uptake of virtual nursing and virtual sitting technologies, along with the introduction of Gen-AI capabilities within telehealth applications.

This series of Insights focuses on the applications of general AI solutions. This is a precursor to a more in-depth analysis of Signify Research’s Generative AI Market Intelligence Service and this is our third instalment of the series. As you may remember from the first Insight, the care network concept was introduced with three stakeholders: the patient, provider and payer.

Explore the landscape of Generative AI in Healthcare through an engaging interview between Alan Stoddart, Signify Premium Insights Generative AI Editor, and Vlad Kozynchenko, Senior Market Analyst and report author at Signify Research. This conversation covers crucial aspects of the Market.

The Signify Research Digital Health team has put together their top five predictions for the Digital Health market this year. These predictions are the basis of a more in-depth insight through our SPI Digital Health service. You would usually require a subscription or be on a trial to access the Signify Premium Insights but we would like to offer this as a downloadable article.

Our team of top analysts have reviewed their beginning-of-year predictions for 2023 and provided a summary of how close our predictions were to manifesting in reality.  Despite a tumultuous year of changing economic, political, and regulatory macro-influences, big technology lay-offs and the rapid emergence of potentially disruptive technology such as generative AI, most of our predictions held up, with only a few expectations missing the mark, or the timing of actual realisation being slightly off (see our 2024 predictions for more on this). 

The digital health sector continues expanding rapidly, with patient engagement solutions gaining prominence. In recent years, the market experienced robust double-digit growth, driven by the increasing adoption of technology in healthcare fostered by the COVID-19 pandemic. With a market size reaching USD2.1 billion in 2022, the patient engagement market is expected to continue its upward trajectory, reaching USD3.8 billion by 2027.

Signify Research recently updated its analysis of the Infusion Pumps market. In the second edition of the global report, Signify Research noted a downgrade in its previous market projections for 2022 on the basis of purchasers being more cautious post-pandemic. Product recalls, supply constraints, market saturation and ongoing inflationary pressures continued to hamper revenue growth.

arlier this month, Georgia-based health system Emory Healthcare announced the launch of a pilot of AI-powered virtual inpatient monitoring in two of its hospitals in a collaboration with Andor Health. In the announcement, Emory Healthcare stated that the technology will support in providing additional safety for at-risk patients.

In recent months, Signify Research has engaged with numerous EHR vendors to discuss their perspectives on Fast Healthcare Interoperability Resources (FHIR), its application in the platforms they offer, and their approaches to dealing with FHIR regulations.