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Where Is the Health Informatics Market Going?

Conference paper
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Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 1160)

Abstract

At an estimated annual growth rate of 13.74%, the global health informatics market can reach $123 billion, by 2025, figures that exemplify the development trends of an ever-growing industry. The authors decided to collect data from the general public through an anonymous survey on the subject of health informatics. This survey was developed on Google Forms and later sent to multiple recipients by email and shared on social networks. A total of 165 people, aged 16 to 81 years old, participated in this survey. 98.8% of the respondents consider response time in health a determining factor. 97.6% of the survey participants consider that it is possible to make more accurate and viable clinical diagnoses using health informatics. Furthermore, according to our survey, people do not mind mortgaging their personal data (which is known from the outset for its incalculable value) because they know that, in return, they will benefit from better living conditions. Three experts were also interviewed and according to one of them, one of the biggest challenges in health informatics is “understanding and detecting diseases long before they happen”. This interviewee also stressed the importance of artificial intelligence “in helping people to improve their health through indicators that alert and recommend certain habits and influence the improvement of people’s quality of life”. Finally, the emphasis needs to be on eliminating health costs and facilitating life for people with chronic diseases.

Keywords

Health Informatics Patient Market Data 

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Copyright information

© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Department of Economics, Management, Industrial Engineering and TourismUniversity of AveiroAveiroPortugal
  2. 2.GOVCOPPAveiroPortugal

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