By the end of 2021, there have been immense changes and technological advancements in the healthcare industry. With this, the healthcare practitioner approaches innovation differently. The market healthcare industry has grown significantly in the past few years. It enables healthcare professionals to evaluate, diagnose and treat patients virtually. It is predicted that the healthcare market is projected to grow massively by 2026. Several factors have contributed to the growth of the market like traditional health care costs, funding for medicines, and an increase in digital health users.
Healthcare
Medical futurists are going ahead in the field of the giant infographic. From the start-ups to government authorities, there are four prime fields: innovation, technology, business and dedication to digital health. To delve into the current trends, the Medical Futurist team has tried to collect digital health that is astonishing and forward-looking. So we should acknowledge the extended reality in healthcare as it is the fastest-growing sector. With this, the healthcare industry has the potential to grow beyond average industry expectations. Here some prime trends in the healthcare industry are described as under:
1. Internet of Medical Things
It is an instrument for the development of products that need less or no human interaction to provide health care services. Multiple applications such as automatic disinfection, smart diagnosis, and remote patient care are possible with connected medical devices, equipment, and infrastructure. It integrates sensory information, automatic processing and communication through networks for real-time diagnosis, monitoring, tracking and disease control.
2. Immersive Technology
Immersive technology like AR, VR and MR is on the rise in the healthcare sector. Applications for VR vary from rehabilitation therapy and exposure therapy to anxiety disorders to aid in cognitive and physical rehabilitation. With this AR and VR plays an important role in medical education also. This immersive technology is helpful in surgery like a perioperative projection of patient information, holographic images and scans.
3. Digitized Healthcare
Wider digitization of healthcare is facilitating greater access to healthcare. COVID 19 has emerged from the telemedicine trends and remote diagnosis by doing the treatment of patients via communications, platforms and tools. In short, COVID has accelerated this trend. In April 2020, the telemedicine care visits were 43.5% as compared to 0.1% in February 2020.
4. Artificial Intelligence
AI is replacing the labor-intensive and time-consuming process. In the current scenario, several Health Tech start-ups develop software platforms and application programme interfaces. With this, we should be visualizing AI startups in drug discovery, as in the future the drug and pharmaceutical companies will be seen using AI technologies. Some prime elements of artificial intelligence include clinical workflow management, advanced surgery assistance and medical diagnostics. Two prime elements of AI in the healthcare industry are as follows:
Care AI Provides Autonomous Patient Monitoring
It is a US-based start-up offering that monitors the patients. This platform connects to proprietary edge sensors and transforms ordinary rooms into self-rooms. This platform is helpful for the safety of the patient reduces medical errors and improves the quality of care.
Ligence Develops an Image Analysis Tool
It is a health tech start-up in Lithuania and develops the tools for cardiac diagnosis and measuring tools. This feature develops a heart ultrasound image analysis tool. This automated heart ultrasound imaging reduces the examination time from 30 to 5 min and also increases the overall accuracy and diagnosis.
5. Cloud Computing
Cloud Computing allows healthcare professionals to establish technical health set-up services via telehealth and remote monitoring. It integrates network, security, billing, monitoring and alerts with access and identity management. It enables the patients to access the reports from anywhere and anytime. It creates solutions for healthcare professionals, patients, physicians and providers. The software Saas allows the physicians to monitor patients in real-time by helping them in getting the right treatment faster and more effectively.
Besides, the software analyzes clinical data and provides valuable clinical insights and provides remote and digital healthcare services with an interactive dashboard.
6. Block Chain
Bloch chain is helpful in security and traceability for multiple applications in the healthcare industry. It includes the medical records, remote patient monitoring, supply chain of pharmaceuticals and health insurance claims. This technology supports the EHRs and Fast Health Interoperability Records for sharing clinical data. It plays a significant role in smart contracts, tackling drug counterfeiting as well as storing, retrieving and sharing collected biomedical data.
Blockpharma is a French Startup that develops drug traceability based on the blockchain. It integrates the multiple information systems and stores and also stores the data medicines stored on the blockchain of this startup.
7. Electronic Data Management
We all know that the incorporation of technological healthcare trends can improve the accuracy of treatments and overall productivity. With the help of big data, healthcare professionals can store and save more patient information. Several hospitals are experiencing the basic benefits of medical records that drive the enhancement of electronic data management.
Electronic data management helps to save the information about more patients. Such natural language processing (NLP) makes automated writing possible. It enables the better structurization of information and easier repurposing of narratives for diagnoses and treatment plans.
With this, the integration of the third-party collected data from reports, wearable and authorities’ sources unlock several opportunities for the healthcare centers to create highly detailed and personalized patient and doctor profiles. Thus we can say that the technology strengthens the relationship between healthcare providers and the patient population. In this series, we should not forget that telepsychiatry is a boon for us.
The presence of data scientists in medical institutions is inevitable for future technology adoption. The digital-savvy team members will do the modifications with multi-disciplinary expertise. In other words, they can teach healthcare professionals to use analytics so that the investments in electronic records can bring maximum outcome and value.
Conclusion
There is constant development in the healthcare industry as the development of new concepts, and technologies and providing better care to people. As technology grooms, we can expect many changes in the healthcare industry. Whether you're a patient or a doctor, you need be on top of these developments in order to get the most out of the industry's advances. Several innovations have proved themselves and are still in the development process. These make the future incredibly interesting and we are lucky to witness all that.
We at OpenGrowth, are committed to keeping you updated with the best content on the latest trendy topics from any major field. Also, both your feedback and suggestions are valuable to us. Do share them in the comment section below.
