1. Market Research
  2. > Software Market Trends
  3. > Opportunity Analysis of Clinical Terminology Needs in Health IT Markets

Role of SNOMED CT in Supporting Healthcare Big Data, Genomics, and Pharmacy IT

Healthcare interoperability is a global challenge for industry stakeholders. While a number of organizations are working towards developing and implementing industry standards, challenges emerge every day as technologies and their uses evolve. Advances in Big Data, genomics, and pharmacy information technology (IT) are helping to identify new applications and markets for healthcare IT, which will require a fresh approach towards standardization. This research, conducted in collaboration with the International Health Terminology Standards Organization (IHTSDO), explores opportunities for SNOMED CT expansion in emerging healthcare IT markets.

Executive Summary
Project Summary and Insights
- The healthcare industry is learning from its past mistakes and is expected to focus a lot more on data interoperability. However, the industry is changing fast with new technologies, stakeholders, and sources and uses of information flooding the landscape rapidly. Under these conditions, not just standards organizations, but all industry stakeholders need to think ahead and be prepared for the challenges of the future.
- Leading standards organizations are already moving in this direction by identifying future healthcare information technology (health IT) markets that will have a significant impact on the industry and present strong needs for interoperability.
- Frost & Sullivan recommends that the value proposition for interoperability standards resonate its benefits to patients. Current messaging of most interoperability standards is focused on vendors and providers and does not communicate clearly how it impacts patients.
- This study focuses on clinical terminology standards—in particular, SNOMED CT, because that is the most comprehensive reference terminology currently available. It will identify emerging healthcare IT markets and applications across healthcare Big Data, genomics, and pharmacy IT that hold a strong potential in the near future and will require development and implementation of industry standards in order to fulfill their goal.
- CT is a structured vocabulary used in medical practice to accurately and consistently describe patient conditions, care, and treatment.
- Consistent CT ensures interoperability of captured medical data, particularly across electronic systems.
However, clinical terminology standards differ across regions and countries and may or may not align with global standards.

Table Of Contents

Opportunity Analysis of Clinical Terminology Needs in Health IT Markets
Executive Summary
Executive Summary

Interoperability in Modern Healthcare
What is Healthcare Interoperability?
Healthcare Interoperability Challenges
Role of SNOMED CT in Healthcare Interoperability
SNOMED CT's Potential
Emerging Needs for SNOMED CT
SNOMED CT Expansion

Clinical Terminology Needs in Healthcare Big Data
Big Data Overview
Healthcare Big Data
Healthcare Big Data Themes
Big Data Roadmap
Healthcare Provider Big Data Applications
Healthcare Consumer Big Data Applications
Healthcare Big Data Initiatives
Healthcare Big Data Market
Healthcare Big Data Ecosystem
Monetization Strategies
Interoperability Challenges
Interoperability Initiatives
Drivers and Restraints—SNOMED CT Adoption
Healthcare Big Data Opportunities
SNOMED CT and Big Data
Key Industry Participants

Clinical Terminology Needs in Genomics
Genomics Ecosystem
Genomics Market Stage
Personalized Genomics
Interoperability Challenges
Interoperability Initiatives
Drivers and Restraints—SNOMED CT Adoption
Genomics Opportunities
SNOMED CT and Genomics

Clinical Terminology Needs in Pharmacy IT
Pharmacy IT Overview
Pharmacy Business Model Transformation
Regulations and Trends
Interoperability Challenges
Interoperability Initiatives
Drivers and Restraints—SNOMED CT Adoption
Pharmacy IT Opportunities
SNOMED CT and Pharmacy IT
Legal Disclaimer

The Frost and Sullivan Story
Value Proposition
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Worldwide Storage in Big Data Forecast, 2016-2020

Worldwide Storage in Big Data Forecast, 2016-2020

  • $ 7480
  • Industry report
  • November 2016
  • by IDC

This IDC study presents the worldwide 2016-2020 forecast for storage hardware, software, and services in Big Data."The Big Data infrastructure market is becoming mature -- indicated by a lower five-yea ...

Hadoop Big Data Analytics Market by Component, Application, Vertical, and Region - Global Forecast to 2021

Hadoop Big Data Analytics Market by Component, Application, Vertical, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • January 2017
  • by MarketsandMarkets

“The increasing volume of structured & instructed data and the need to store, manage, and analyze data are factors driving the growth of the Hadoop big data analytics market” The Hadoop big data analytics ...

Big Data Market Analysis By Hardware (Storage, Server, Network Equipment), By Service (Consulting, Maintenance, Training & Development), By End-Use (BFSI, Manufacturing, Retail, Gaming, Telecom), By Region, And Segment Forecasts, 2014 - 2025

Big Data Market Analysis By Hardware (Storage, Server, Network Equipment), By Service (Consulting, Maintenance, Training & Development), By End-Use (BFSI, Manufacturing, Retail, Gaming, Telecom), By Region, And Segment Forecasts, 2014 - 2025

  • $ 4950
  • Industry report
  • December 2016
  • by Grand View Research

The global big data market is expected to reach USD 123.2 billion by 2025, according to a new report by Grand View Research, Inc. The amount of data flowing across organizations has witnessed enormous ...

Global Data Visualization Market

December 2016 $ 4250

Download Unlimited Documents from Trusted Public Sources

Big Data Industry in France

  • January 2017
    3 pages
  • Big Data  

  • France  

    Europe  

View report >

Big Data Industry in Europe

  • January 2017
    4 pages
  • Big Data  

  • Europe  

View report >

Big Data Industry in Europe

  • January 2017
    5 pages
  • Big Data  

    Cognitive Compu...  

  • Europe  

View report >

Big Data Industry

8 days ago

Related Market Segments :

Big Data
Healthcare

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.