Top 10 Predicted First Time Solution Investments by U.S. Hospitals in 2018: Obstetrics and Oncology
With 2017 quickly winding down, we are turning our focus to 2018. Using LOGIC™ Predict, the predictive analytics engine within the platform, we set out to create a forecast to answer the question “Which solutions will see the most first time investment and adoption in 2018?” The resulting report is the top 10 technologies where we expect to see the most first time investment growth from U.S. hospitals and health systems in 2018. The predictions are based on installation data for 51 technologies from HIMSS Analytics LOGIC. The base was the current footprint of 5,495 U.S. hospitals, 100% of the hospitals in the U.S.
We will be counting down from #10 to #1 over the coming weeks. To begin, we'll look at the 10th and 9th ranked technologies we predict will see largest first time purchase growth.
#10 – Obstetrical Systems (Labor and Delivery)
The solution with the 10th highest first time solution investments by hospitals in 2018 is Obstetrical Systems (Labor and Delivery). Based on our predictions, we expect to see 142 U.S. hospitals buy this technology for the first time in 2018, resulting in a 2.6% increase in adoption. In LOGIC, Obstetrical Systems are defined as “An application designed to manage the clinical care services provided by the labor and delivery department. These applications are usually interfaced to devices such as fetal monitors.”
There are 15 vendors in the Obstetrical Systems (Labor and Delivery) market. The top 10 vendors carry 78.5% of the market share. Epic and GE Healthcare are neck-and-neck with ~23% share each; the next biggest player is Cerner with ~14%. Thirty-three percent of vendors have more than one version currently live at U.S. hospitals.
Other notable statistics relevant to this technology set from the CDC:
The U.S. general fertility rate declined to 62.0 births per 1,000 women aged 15–44 in 2016, down 1% from 2015.
Birth rates declined among women under age 30 in 2016, and rose for women aged 30–44.
The preterm birth rate rose for the second straight year to 9.85% in 2016.
- The 2016 rate of triplet and higher-order multiple births was 48% lower than the 1998 peak.
#9 – Oncology Information Systems
The solution with the 9th highest first time solution investments by hospitals in 2018 is Oncology Information Systems. Based on our predictions, we expect to see 144 US hospitals buy this technology for the first time in 2018, resulting in a 2.6% increase in adoption. In LOGIC, Oncology Information Systems are described as “Software designed to support the care delivery for cancer patients. These systems support both inpatient and ambulatory cancer care delivery. These systems can encompass patient scheduling, cancer care ordering, CDSS, possibly radiation therapy prescriptions and appropriate charge capture. Their order, results, images, documentation and charges can be interfaced to the main hospital central data repository. These systems typically consist of hardware, including computerized workstations and peripheral devices such as high-capacity storage devices and printers that may be connected as a local area network (LAN), and software packages (e.g., radiology, surgery, chemotherapy).”
The increased investment in Oncology Information Systems directly coincides with the fact that more people are being diagnosed with cancer each year in the United States.
There are 16 vendors in the Oncology Information space. The top five vendors comprise over 91% market share. The bottom 10 vendors have installs at less than 10 hospitals. A handful of hospitals have more than one Oncology Information System vendor installed. Approximately 31% of vendors have more than one version of their solution installed in the market.
Other notable statistics relevant to this technology set from the Cancer.gov:
In 2016, an estimated 1,685,210 new cases of cancer will be diagnosed in the United States and 595,690 people will die from the disease.
The number of people living beyond a cancer diagnosis reached nearly 14.5 million in 2014 and is expected to rise to almost 19 million by 2024.
Cancer is among the leading causes of death worldwide. In 2012, there were 14 million new cases and 8.2 million cancer-related deaths worldwide.
- The number of new cancer cases will rise to 22 million within the next two decades.
Stay tuned for more as we reveal predictions 8 through 1.
For more insight like this, check out LOGIC Analyze!