IT has made significant advancements in transforming patient care delivery and documentation. These advancements include practice management software that helps manage various clinical aspects. New technologies such as telemedicine/telehealth, cloud-based networking, and sensing technology are increasingly playing a key role in improving and speeding up the process of healthcare data management and workflow. For instance,
- The COVID-19 pandemic response has amplified the application of telemedicine carts with advanced communication, video capabilities, and modern technologies. In April 2019, AMD Global Telemedicine Inc. (U.S.) launched a web-based telemedicine platform for telehealth carts named AGNES Connect. The platform helps healthcare systems remotely manage and scale their telehealth programs across a network of providers and facilities. Its features include facility access management tools, cloud-supported automatic software updates, simplified firewall transversal, cloud-to-cloud HL7 integration, live EKG streaming, notes templates, and enhanced user interface design.
- The evolution of fleet management software is taking place to provide data on cart location, battery life, availability, and user data. It helps the concerned department to make smart decisions and to be proactive.
In addition, the electronic health record (EHR) represents the ability to easily share medical information among patients/consumers, healthcare providers, employers, and/or payers/insurers. The electronic medical record (EMR) is a legal record created by hospitals and ambulatory environments which acts as the source of data for the EHR. Most developed countries across the globe are deploying EMR as one of the most important initiatives in their healthcare policy. EMR not only reduces the problems associated with paper medical records but also improves the accuracy of medical decisions made by physicians and increases the safety of patients. Many country and regional-level initiatives were observed to implement EMR/EHR. For instance,
- In the U.S., through the EHR Incentive Programs, eligible hospitals, including critical access hospitals (CAHs), can qualify for EHR incentive payments totaling $2 million or more. Moreover, eligible professionals can qualify for EHR incentive payments totaling $44,000 through the Medicare EHR Incentive Program or $63,750 through the Medicaid EHR Incentive Program. The Health Information Technology for Economic and Clinical Health (HITECH) Act, passed in 2009, provides $36 billion as financial incentives to drive hospitals and clinics to transition from paper charts to EHRs. Between 2014 and 2016, the percentage of EHR systems grew to 96%, and in 2018, 98% of hospitals had an EHR system in place or in the plan to install one.
- Europe launched The General Data Protection Regulations (GDPR) in April 2016, a set of compliance requirements that came into effect in May 2018 and is applicable for any organization that deals with data provided by the citizens of the member states of the European Union. This helped make Europe fit for the digital age and assure people about the safety & security of their information across all businesses and facilities, including healthcare. Thus, high security helps adopt EMR/EHR easily across the region. According to the European Commission data, e-health adoption in primary healthcare in the member states of the EU has increased from 2013 to 2018. As suggested by data, the group of General Practitioners (GPs) supporting e-health has doubled since 2013.
Hence, the integration of IT solutions in healthcare and the increasing adoption of EMR/EHR in various healthcare organizations globally drive the surge in the global Medical Carts and Workstations Market. This trend is expected to boost the market at a CAGR of 14.2% to reach $11.48 billion by 2029, according to a study by Meticulous Research®.