From robotic surgery to telehealth, digital advances are driving innovation in all areas of healthcare, a trend that can be expected to accelerate during and after this era of pandemic-caused isolation.
We see dramatic changes in these areas: (1) Sensors and wearables; (2) Virtual Reality and Augmented Reality; (3), 3D printing; (4) AI driving analytics, automation, and robotics and; (5) The rise of chatbot. In fact, we are already experiencing the impact of the coronavirus isolation in some areas, such as telehealth and 3D printing.
On the grand scale, robots have been proven to be more precise than surgeons and AI can diagnose cancers with a success rate of 99%. In 2020 cost pressures –compounded by the coronavirus initiative- and regulatory change will act as the major catalysts for digital health treatments, which have a crucial role to play in delivering effective, fast, and cost-efficient patient care.
For instance, the pandemic isolation combined with digital health advances are helping shift care to be based around people’s homes.
Local care is not just more convenient and less stressful for patients, it also makes financial sense, when you consider the average hospital stay in the US is upwards of $10,000, totaling over $1 trillion annually in hospital services, and that 60 percent of all bankruptcies in the US are related to medical expenses.
The transformation of traditional value systems in healthcare will continue to accelerate as patients increasingly become better-informed health “consumers”. Thanks to digital, the “value pool” is shifting in this industry, resulting in cost savings for patients thanks to better system efficiency. 2020 will also see the introduction of standalone 5G, which will enable the adoption of an almost limitless number of applications involving AI, big data and the IoT. Many healthcare-related high-bandwidth projects will be set free by 5G’s connectivity, bringing therapies from within hospitals into the field.
Thanks to the advent of technologies, we can witness irreversible changes in our daily life today. It is now easier to cope with our everyday routine because we have smart solutions that speed up the pace of our life and make it more convenient.
Healthcare is where technologies are expected to revolutionize treatment and research methods we are used to so much. Hence, we have prepared some technological trends that will make healthcare more advanced in 2019.
The Internet of Medical Things
The notion of The Internet of Medical Things (IoMT) is tightly connected with wearables. This technology is designed to transmit the patient’s data through various sensors and gadgets attached to the patient’s clothes or directly to their body. Fitness trackers and smart sensors are specifically elaborated to measure blood pressure, glucose level, pulse, heart rate, etc. Along with that, you can count calories you’ve burned, and miles walked.
Well, it doesn’t sound that innovative in 2019. But what makes it one of the most progressive trends is that the gathered data can be used in many various and innovative ways. For example, preventive medicine can benefit a lot with the help of IoMT. Research gets more accurate and timely, and it is even possible to prevent epidemics using the stats gathered in this way.
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Well … yes, consulting a doctor through your telly looks like a scene from one of those futuristic novels showing what the world would look like in the 21st century. In fact, it is what we have now. Modern technologies allow us to forget about hours spent in a clinic waiting for your doctor to invite you. That also includes waiting for the results of your tests.
Now you can consult any doctor in the world having a computer and an Internet connection. Imagine that you needed to see a reputable specialist in another country. It would be highly inconvenient to go all the way there just for a consultation. Firstly, you’d have to spend a lot of time. Secondly, you might need help to move around. And finally, it would be costly.
Today, you can contact your doctor from any spot in the world and get their consultation. It will not work in emergency cases, but it can work well if you need help with urgent but small issues. This is a good possibility for those who reside in far rural areas or require a highly specialized doctor to receive timely medical assistance.
The technology can also allow people to get consulted more frequently, which will improve the overall health of the population and establish better relations with doctors.
The essential purpose of virtual reality or VR is to shut down the real world and immerse a person into a different environment, be it a fantasy or just a place far away. While it is mostly used in entertainment, this technology gets wide adoption across other industries, including construction, education, retail and healthcare.
According to a recent report, the global healthcare VR market is expected to massively grow by 2023 with a 54.5 percent CAGR. The researchers name a range of major VR applications anticipated to drive even more investments in upcoming years, including PTSD treatment, rehabilitation, education and training, and surgery simulation. The actively growing market creates a supportive environment for better collaboration among payers, clinical stakeholders, and varied VR development companies, naming Osso VR, Iflexion, Psious and others.
Even though the VR technology is quite young, and healthcare isn’t always daring to adopt cutting-edge approaches and add them to the traditional practice, it is just too promising to ignore.