Deerfield Beach, FL -- (SBWire) -- 12/18/2015 --Healthcare decision support markets at $201.7 million in 2012 are anticipated to reach $239 billion by 2019 as consumers access apps and these apps generate micro-payments in increments of $.05 per query. 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.
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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.
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.
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Table Of Content
Healthcare Decision Support and IBM Watson
Executive Summary
Healthcare Decision Support Market Driving Forces
IBM Watson Can Provide A Far More Differentiated Testing Assessment
IBM Watson Initiates New Era of Cognitive Computing
Three Key Players In The Clinical Decision Support Market
Healthcare Decision Support Market Share
Healthcare Decision Support Market Forecasts
1. Healthcare Decision Support and IBM Watson Market Description and Market Dynamics
1.1 Strongest Bonds To A Customer
1.1.1 IBM Watson Offers Structured And Unstructured Data
1.1.2 IBM Watson Adapts Patient Centered Care Models That Work
1.2 IBM Watson Use Cases
1.2.1 'If Someone Has Relevant Content, We Want To Be Working With Them,' :Dr. Josko Silobrcic IBM Watson
1.2.2 MD Anderson Has Data Access Among Keys to Personalized Cancer Therapies
1.2.3 Memorial Sloan-Kettering Cancer Center and IBM Watson Collaborate in Cancer Treatment
1.3 IBM Watson Getting Started, Next Steps
1.4 IBM Healthcare Watson Positioned to Take Better Care of Patients
1.4.1 ICD-10
1.5 McKesson Offers Robust Mix Of Healthcare IT,Patient Care, Financial Performance And Connectivity Solutions
1.5.1 McKesson Investing $1 Billion Over The Next Two Years On IT R&D
1.6 McKesson Physician Management of Advanced Payment Models
1.7 Healthcare in the United States
1.7.1 World Economy Undergoing A Transformation
1.7.2 Global Economic Conditions:
1.7.3 Global Economy Becomes Steadily More Sluggish
1.7.4 Global Economic Conditions Impact Markets
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2015 Forecast: Global Healthcare Decision Support and IBM Watson Market to Be Valued at $239 Billion Till Year 2019
Market Research Store releases a new market research report "Global Healthcare Decision Support Market 2013 Forecast to Industry Size, Shares, Strategies, Trends, and Growth 2019" to add to its collection of research reports.