Healthcare Decision Support and IBM Watson: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019

Healthcare Decision Support and IBM Watson Market Shares, Strategy, and Forecasts, Worldwide, 2013 to 2019 study has 271 pages, 87 tables and figures. Worldwide healthcare cognitive computing markets are poised to achieve continuing growth as the healthcare delivery system responds to new products. Growth is achieved in response to changing technology, better analytics, and new information systems that leverage natural language, and changing market conditions.

Healthcare decision support markets consist of traditional market participants led by McKesson and Watson from IBM. IBM Watson offers structured and unstructured data in combination. This represents a major breakthrough in what kind of decision support can be offered.

IBM Watson can provide a far more differentiated testing assessment. Watson knows what tests are relevant to further characterize a particular patient condition and what tests are not.

It is a great help to physicians to have an assistant that is able to have read the latest journal articles and is loaded with medical information to recommend what tests may be relevant in a particular situation. Wrong tests, tests that are not useful in a particular situation, account for 30% of the costs of healthcare delivery in the US. This is a lot. To have a new system available that addresses these issues is great.

IBM Watson is initiating a new era of cognitive computing that extends the tabulator and application program intensive enabling new market opportunities based on cognitive performance. Watson is so powerful and so new that the uses for it are not even defined yet. The tools and methods released by natural language computing systems are remarkable. They are very exciting.

Watson is comprised of a core engine. This engine is more powerful than anything that has been designed by humans before. To the credit of IBM, the first purpose that Watson has been put to is to improve healthcare delivery. To those analysts following Watson, there is tremendous promise in the offing.

IBM concentrates on building end to end systems that are able to adapt of market changes. While this may make the IBM product set seem overly heavy in the short run, in the long run, this is of enormous value to clients as proved by the company market leading position in innovation software.

This forecast below is predicated on the assumption that IBM makes available the Watson cognitive computing capability worldwide as a SaaS tool immediately, and people with smart phones learn that for five cents they can access solid medical opinions relating to particular symptoms. This does not turn the consumer into a healthcare provider, but it gives the consumer more power in dealing with the physician and the provider.

Just as the mother that took her child to the doctor this week in February 2013, and said, "I think it is an appendicitis" and the doctor said "No, it is influenza.", after the appendix broke and threatened the life of the child, the mother was angry, the physician was apologetic. With Watson at her side, the mother would have had more credible authority with the doctor.

This scenario really happened to an esteemed marketing manager in Minnesota, USA this week in February 2013. Watson has a lot to offer the consumer, without making the consumer a doctor; it brings more information and authority to the patient - physician interaction.

So also, the physicians gain a valuable assistant at their side when they can access Watson for $60 per physician per month. This cost represents two cents per patient encounter, hardly a blip on the bill to the patient, but lends incredible value to the patient - physician interaction, bringing the latest research to bear on the physician diagnostic and therapeutic decision making process.

Watson can be loaded with the latest research results. No physician can track all the latest medical research; there are intense volumes of it. Any one physician can only hope to read a small portion of what is published in his or her own field. Watson knows it all. It is available to share what it knows at a small fee.

Physician access is anticipated to be at a cost of $60 per month per physician, and every facility will have to give its physicians access to IBM Watson and cloud based healthcare decision support.

Personal, consumer queries are anticipated to account for 93% of the healthcare decision support revenue by 2019. Growth is a result of new cognitive computing technology availability. It is not enough to maintain a static position in a market, nimble competitors steal market share away if innovation is not pursued, this is increasingly true in the healthcare decision support markets. Innovation provides competitive advantage and protection of market position.

Companies covered in this market research report are –

McKesson InterQual, Millman, IBM, Truven, Accenture, Aetna, AMD, American Well Systems, Assa Abloy, AT&T, Boehringer Ingelheim, Bosch, Bayer – Viterion, Biotronik, BT, Buccaneer, Cardionet, Centerstone Research Institute, ciCoach.com, Cisco, Cleveland Clinic, CMS, Deutsche Telecom, eCardio Diagnostics, Eliza Corp, EMC 5-24, Healthrageous, Honeywell HomMed, Humedica, GlobalMed, Intel, Kaiser, Mayo Clinic, Medical Strategic Planning, Medullan, NTT, Partners Healthcare. Philips, Polycom, PwC, Qolpac, Qualcomm, Sorin Group, Sotera, Skype, Sony, Sutter Center for Integrated Care, Telecare, Telesofia Medical, Textron Systems, VA Department of Veterans Affairs, Verizon, Vidyo, Walmart, Worksmart

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Cardiac Pacemaker Market in India 2013

Cardiac Pacemaker Market in India 2013

In the cardiovascular device market, pacemaker devices are a major segment which is rapidly expanding. A cardiac pacemaker helps in keeping the heart rhythm along with the heart rate at a safer level. Due to the rapid increase of aging population i.e. i.e. more people reaching close to sixty years of age along with the consequent increase in the number of cardiovascular disease incidences, pacemakers market in India, is experiencing a huge growth rate.

Healthy growth rate is likely to be experienced in cardiac pacemaker market in India, due to the awareness of the people along with their high demand for cardiac pacemakers that are available at an affordable price in the market.

The ‘introduction’ section of this report provides information about various types of pacemakers.

The ‘market overview’ section of the report covers key data about the market size of cardiac pacemaker market in India in terms of as well as volume, price range of various types of pacemaker, factors which affect the price of pacemakers.

The ‘purchase’ section in the report provides a short comparative study between the global market and the Indian market for cardiac pacemaker along with the various types of ways in which the players in the cardiac pacemaker market engage with customers in order to increase their market share.

The ‘EXIM’ section of the report provides information about import and export of cardiac pacemakers for the last four years along with the information about the major countries that are into import and export for cardiac pacemaker.

The ‘Drivers & Challenges’ section of the report provides information about the drivers behind the rapid growth of cardiac pacemakers market in India. Changing demographics i.e. as more people reach close to sixty years of age they are likely to develop some heart complications, India’s high rate of cardio vascular disease, growing awareness about the utility of pacemaker among general masses and the insurance companies covering the cost of operation for patients in case of cardiac pacemaker implant are the main drivers behind the rapid growth of cardiac pacemakers market. This section of the report has also compared India with other western countries penetration of cardiac pacemaker. This section has also highlighted the challenges that are faced by the cardiac pacemaker market in India. The per capita spend for medical devices in India is low compared to Western countries, the government lacks proper regulatory structure for medical devices, government initiatives and high capital expenditure for new players are the challenges that are present in this market.

The ‘Trends’ section provides information that are required in improving the technology which will in turn help the market to grow, as users find it more helpful than ever before. The patient’s condition can be monitored through the internet, due to which the patient’s feel safer and in certain scenarios, there is a re-usage of cardiac pacemakers to the patients, who cannot afford them, are some of the latest trends in the cardiac pacemaker market in India.

The ‘Competitive Landscape’ section of the report provides information on Porter’s five forces model which analyses the dynamics of the market, key data about the major players in the market which includes their profile and financial summary and also provides information about the key ratios and key contacts.

The ‘Strategic Recommendations’ section provides key information about strategic recommendations for the players in the cardiac pacemaker market along with a SWOT analysis for all the mentioned companies which include Shree Pacetronix Ltd , a public company and other private companies such as Biotronik Medical Devices Pvt. Ltd, Boston Scientific India Ltd, India Medtronic Pvt. Ltd, Medived Innovations Pvt. Ltd and . Jude Medical India Pvt. Ltd.

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