FDA-Regulated Digital Devices, Software, to Save $100B by 2018

Monday, June 8, 2015

Source: MD&DI

As digital solutions - both devices and software - move from the consumer field to the clinical domain, it's poised to benefit both patients and the overall healthcare industry.

Research from Accenture estimates that the number of digital solutions - both devices and solutions - cleared by the FDA since 2014 will drive more than $100 billions in savings for the U.S. healthcare system.

The savings were driven by fewer visits to the emergency room, better adherence to medication and behavior change, according to Accenture. In 2014, the healthcare system saved $6 billion as a result of these digital solutions and each year after that is expected to see greater savings - $10 billion this year, $18 billion in 2016, $30 billion in 2017 and $50 billion in 2018.

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