Allied Market Research reports that the global healthcare information technology (IT) market size was valued at $250,577.15 million in 2020, and is projected to reach $880,688.75 million by 2030, registering a CAGR of 13.3% from 2021 to 2030.
Data Bridge Market Research reports the market drivers and growth can be attributed to the increase in technological know-how, growing volume of patient data, and demand for quick and efficient healthcare processes and systems will help in driving the growth of the healthcare IT market. Increasing digitization in the healthcare industry and demand for value based care and rising cost of provision of healthcare services coupled with the increasing number of healthcare facilities will likely accelerate the growth of the healthcare IT market in the forecast period of 2020-2027.
Butterfly Network Introduces Butterfly Blueprint and World’s First FDA-Cleared AI Guidance & Interpretation Software to Support the Practical Application of Ultrasound Information
Butterfly Network, Inc. (@ButterflyNetInc), a digital health company transforming care with handheld, whole-body ultrasound, introduced Butterfly Blueprint™, a system-wide platform designed to support the scaled deployment of ultrasound across hospitals and health systems to empower more-informed clinical decisions from the bedside and encounter-based workflow.
Viz.ai Receives FDA 510(k) Clearance for Viz ANEURYSM
Viz.ai (@viz_ai), a company in artificial intelligence (AI) powered care coordination, announced it has received U.S. Food and Drug Administration (FDA) 510(k) clearance for Viz ANEURYSM.
Medtronic receives FDA approval for InterStim X™ system, the next generation of the most personalized sacral nerve stimulation therapy for bladder and bowel control
Medtronic (@Medtronic), a healthcare technology company, announced it received approval from the U.S. Food and Drug Administration (FDA) for InterStim X™ ― the next generation of the InterStim™ portfolio’s recharge-free device – and it is available immediately.
Health IT Product News
MMIT Announces Game-Changing Solution for Life Sciences Companies
Following the acquisition of healthcare analytics company Panalgo in September 2021, Managed Markets Insight & Technology (@mmitnetwork) has announced the launch of Patient Access Analytics, a solution that provides pharma commercial teams with the ability to quickly analyze and visualize multiple longitudinal, real-world patient data sets to instantly obtain answers to questions regarding access barriers and prescribing patterns.
BAYADA Launches New Digital Services for Hospital Joint Venture and Health Plan Partners
BAYADA Home Health Care (@BayadaHHC), a not-for-profit home health care provider launched its new, innovative suite of digital care transition and coordination solutions to assist hospitals and health plan point venture partners to better serve patients in their homes and communities. BAYADA has selected digital health care company, Dina, its current technology partner, as the platform to power these new, tech-enabled services.
Selux Diagnostics Announces Additional $50 Million in Series C Funding
Selux Diagnostics, Inc. (@SeluxDX), which is leading a new era in personalized diagnostics to combat superbug infections and fight antibiotic resistance, announced it has raised $50 million in Series C financing to support the U.S. commercial launch of its Next-Generation Phenotyping (NGP) rapid Antimicrobial Susceptibility Testing (AST) platform.
Vocera, now part of Stryker, introduces latest evolution in hands-free communication to help protect and connect healthcare workers
Vocera, now part of Stryker, a global medical technology company, introduced the new Minibadge, a wearable, voice-driven device that enables mobile workers to communicate completely hands-free.
Verana Health Launches Qdata™ Glaucoma to Deliver Real-World Insights into Glaucoma Patient Journey
Verana Health (@veranahealth), a digital health company that delivers quality drug lifecycle and medical practice insights from an exclusive real-world data network, announced that it has launched Qdata™ Glaucoma.
QGenda Introduces ProviderCloud™, the Scheduling-Centric Provider Operations Platform for Healthcare
QGenda (@qgenda), an innovator in provider operations and healthcare workforce management, announced the launch of the first Provider Operations Platform, ProviderCloudTM.
Telehealth Product News
Biofourmis Expands into Virtual Specialty Care with the Launch of Biofourmis Care
Biofourmis (@biofourmis), a Boston-based global company in virtual care and digital therapeutics, announced the launch of Biofourmis Care, a first of its kind, technology-enabled care management service that delivers high-quality remote care for patients with chronic conditions.
ViTel Net Launches Industry First Virtual Care Portfolio Tailored For All
ViTel Net (@ViTelNet), the pioneer in telehealth innovation, has launched three new solutions designed to address a range of gaps in connected care for organizations of all sizes. Delivering robust virtual care functionality in both turnkey and enterprise packages that will support virtual care programs ranging in maturity and complexity.
Teladoc Health Launches “Chronic Care Complete” As First Unified Chronic Condition Management Experience
Teladoc Health, Inc. (@teladochealth), the global company in whole-person virtual care, announced the launch of Chronic Care Complete, a first-of-its-kind chronic condition management solution to help individuals improve their health outcomes while MIRAMAR, FL, January 27, 2022—Amid explosive demand for virtual primary care services, MDLIVE, an Evernorth company and one of the nation’s leading virtual care providers, announced the first patient health monitoring program to give patients and the providers that care for them better insights into their daily health. This digital-first program aims to improve health outcomes for the millions of Americans living with chronic health conditions like diabetes, heart disease or high blood pressure.
MDLIVE Launches Patient Health Monitoring to Drive Health Improvements for People Living with Chronic Conditions
Amid explosive demand for virtual primary care services, MDLIVE (@MDLIVEInc), an Evernorth company and a national virtual care providers, announced the first patient health monitoring program to give patients and the providers that care for them better insights into their daily health. This digital-first program aims to improve health outcomes for the millions of Americans living with chronic health conditions like diabetes, heart disease or high blood pressure.
GlobalMed introduces the Transportable Audiology Backpack to facilitate remote telehealth audiology examinations for expanded patient care
GlobalMed (@globalmed_usa), an international provider of virtual health solutions, is proud to introduce the market release of the Transportable Audiology Backpack. The new portable audiology exam solution combines GlobalMed’s telehealth devices and eNcounter® software experience combined with a patient-directed audiology evaluation platform. The lightweight design facilitates a completely remote audiology assessment including High Frequency diagnostic data, ear imagery, measurement and hearing test results.
AI Product News
Twist Bioscience and Eleven Therapeutics Create Replicon for Development of Antiviral Tools
Twist Bioscience Corporation (@TwistBioscience), a company enabling customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, and Eleven Therapeutics (@eleventx), a company leading the AI revolution in nucleic acid therapies, announced that they have created a replicon tool that could be used for studying viral genome replication and antiviral drug screening as well as vaccine and therapeutic development.