Hospitals aim for patient data interoperability and cross-border data exchange, finds Frost & Sullivan’s Transformational Health team

London – January 18, 2017 – Hospitals are replacing legacy healthcare IT (HIT) systems with sophisticated solutions in order to create longitudinal patient records that expedite high-quality service to a growing aged population and patients suffering from chronic health conditions. By 2020, the majority of medium- and large-scale hospitals in Western Europe will implement data interoperability frameworks that enable local, state, national and cross-border health information exchanges (HIEs). An effective integration between public and private HIEs will facilitate nationwide exchange of health information and fuel acceptance of services such as mHealth, telehealth and remote patient monitoring among patients.

Hospital IT Transform Health Frost Sullivan Jana Schoeneborn.jpg“By 2020, most of the legacy HIT systems will be replaced with new Web/cloud-based interoperable solutions throughout the care continuum,” said Frost & Sullivan Transformational Health Industry Analyst Dinesh Kumar. “The demand for cloud computing and virtualisation in healthcare will be high by 2020, driven by the evolving regulatory landscape, the need to reduce hospital IT systems’ downtime, and necessity for efficient sharing of health information across entities in a synchronised format.”

Western Europe Hospital Information Technology Outlook, 2016-2020 is part of Frost & Sullivan’s Transformational Health Growth Partnership Service program. The research examines healthcare provider-centric, healthcare payer, and hospital-based administrative and financial IT service segments to detail the expanding role of eHealth technologies and healthcare digitisation solutions in healthcare across the United Kingdom, Germany, France, Italy, Spain, Scandinavia and Benelux. An analysis of business models, competitive landscape, and key companies to watch is also included.

Click here (https://goo.gl/cGo6e1) for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan’s thought leaders.

The Western Europe HIT market, despite its growth potential, is challenged by the absence of interoperability standards, the presence of legacy medical equipment in huge numbers, and concerns surrounding patient health information privacy. Enhancing customer awareness about the benefits of HIT implementation, as well as financially empowering them through funding and timely reimbursement, will ensure steady growth of the market.

“The United Kingdom, Germany, France, Spain, the Netherlands, Denmark, and Sweden are robust revenue-generating markets for HIT software and services due to high market adoption, a large customer base, significant investments, and mature regulatory landscapes that favour the market,” observed Kumar.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Western Europe Hospital Information Technology Outlook, 2016-2020

MC03-48

Contact:

Jana Schöneborn

Corporate Communications – Europe

P: +49 (0)69 77033 43

E: jana.schoeneborn@frost.com

 

https://ww3.frost.com

twitter: @FS_Healthcare

LinkedIn: Transform Health

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

Your Transformational Growth Journey Starts Here