The 2019 worldwide health industry predictions offer insight into the future of the health industry as it is being transformed in the new digital era. The future belongs to visionary leaders and forward-thinking organizations that are able to break the shackles of legacy systems and accelerate mastering digital-first strategies. The thrivers will be those that champion data-driven, experiential, and personalized approaches through health IT.
These predictions suggest that in the next five years, healthcare and life science organizations will continue to focus on the adoption of disruptive and innovative technologies, which will drive digital transformation (DX) forward at a rapid pace through several key themes, including:
- Technology-driven transformation altering business and society
- Speed of change, delivery, and operations separating thrivers and survivors
- Data and intelligence representing a unique opportunity for creating significant value
- The industry is learning to utilize artificial intelligence (AI)
- Protecting the security and privacy of digital assets and creating trusted transfers of value
- Consumers expecting more convenience, customization, and control
- Addressing legacy systems in the DX world
Top 10 2019 Predictions for the Health Industry:
- Prediction 1: Driven by rising consumer expectations, 60% of healthcare providers will make optimizing the digital patient experience a top 3 strategic imperative by 2020.
- Prediction 2: Personal data stewardship practices in healthcare will triple globally by 2023 due to digitally engaged patients bringing their own data and industry- and government-led data guardian initiatives.
- Prediction 3: The steady progress in artificial intelligence technology adoption will directly impact 25% of business processes by 2020.
- Prediction 4: By 2022, 50% of clinical apps will include ambient interfaces — speech recognition, sensors, and/or gesture — as their primary data capture model, supported by AI, enabling a 40% rise in data quality.
- Prediction 5: By 2022, 20–30% of acute care providers will deploy smartwatch-based apps, thus improving clinician productivity by more than 50%.
- Prediction 6: Orchestration of healthcare provider engagement will allow 50% of pharma reps to accomplish all field duties on one device — a smartphone — by 2022.
- Prediction 7: With growing patient advocacy and favorable regulatory guidance, real-world evidence will lead to the approval of five new drugs and 10 new medical devices by 2023.
- Prediction 8: Driven by the cost of specialty drugs and the evolution of negotiated bundled procedures, 30% of the Fortune 500 will offer employer-direct healthcare by 2021, bypassing traditional health insurance.
- Prediction 9: The need to liberate data for secure multiparty information sharing across healthcare and life science ecosystems will increase blockchain use eightfold by 2022.
- Prediction 10: By 2022, 40% of healthcare providers will leverage machine learning and AI-algorithm advances to improve their cybersecurity capabilities with automated threat detection to thwart ransomware.
Learn more about the 2019 Health Industry Predictions
For context around these predictions, including the IT impact and guidance on how to integrate each prediction in the digital strategy of the enterprise, view the IDC FutureScape: Worldwide Health Industry 2019 Predictions web conference on-demand.
Co-author: Mutaz Shegewi, Research Director, IDC Health Insights, IDC