17 Dec Top 5 Technology Trends In Healthcare Industry
Healthcare Industry constantly growing and adapting technology. This is one of the most profitable industries ever.
Report Shows, World Wide Healthcare expenditures growth rate are expected $7.724 trillion to $10.59 trillion by 2017 -2022.
Every industry is moving towards technology to make their products or services more reliable for customers.
Technology has made it more easy for both patients and Doctors to connect to each other very quickly and easily. Because of technology in healthcare industry care of the patient has been more improved.
If You are in the healthcare industry then you must know about the trends and future of your industry which comes because of technology.
Today, In this post I will share with you the top 5 healthcare technology trends. These trends have the power to change the Healthcare industry completely.
Let’s have a look at the top trends of technology in the healthcare industry:
According to Reports, 5G will cover 40% of the world by 2024 and the expected revenue is USD 4.2 billion by 2020.
5G technology helps to send transfer large data from one hand to another one in just some time. Machines like MRI’S and other images machine makes very large files.
Sometimes it’s important to send those files to a specialist for review. Their 5G technology comes to help out.
Telemedicine requires a network that can support high quality, real-time video. With the 5G networks this will be easier.
According to the report of “Market Research Future” Telemedicine is expected to growth of compounding annual rate of 16.5%.
At Austin Cancer Centre, PET Scanner generates very large files up to 1 gigabyte of information per patient per study.
At that moment 5G technology help to transfer this file one hand to another hand.
Artificial Intelligence Technology
According to the report of, Statistics MRC, Global Healthcare Artificial Intelligence Market is accounted USD 0.95 billion in 2017 and is expecting the growth of USD 19.25 billion by 2026 at a growing CAGR of 39.7%.
World’s Biggest companies are Google, IBM, Microsoft, etc. Constantly working on Artificial intelligence to leverage it to increase their products and services more efficient for customers.
In the healthcare industry, AI will help in finding out the diagnosis of disease more efficiently.
It will not only help you in finding disease also help you in drug development and clinical researches.
AI has access to a very large amount of data which can help you to predict the health risk by extracting data by post-operation. It helps professionals a better understanding of the patient’s disease. It helps them to give advice, guidance, and feedback to stay healthier.
We shouldn’t forget about A.I Chatbots. They will also help doctors to save their time and help them to automate their work in their absence.
Virtual, Augmented Reality
VR and AR not only used for entertainment or simulation purposes. It’s also playing a big role in the Healthcare industry.
According to the Report of Markets And Markets, AR/VR market is expected to grow from USD 0.8 Billion in 2017 to USD 6.5 billion by 2025, at a CAGR of 30.7% between 2017 and 2025.
AR/VR helps in improving the patient experience. Because When It’s come to life and death — Customer experience isn’t the thing comes in mind first.
With the help of AR, Doctors can rehearsals the operation without harming anyone.
Virtual Reality headset very helpful for patients to reduce their stress.
Virtual Reality and Augmented Reality is very beneficial for medical students to learn about practical operations by doing simulation.
We can take the example of smartwatches. These watches help you to know about how much you walked and what your Blood Pressure, Heart Rhythm, temperature, Heartbeat rate, etc.
According to the reports, the market for wearable devices will be $12.1 Billion by 2021.
Wearable technology not only helps patients, but It also plays an important role in the lives of Doctors. They can easily monitor the condition of the patient and according to it, they can suggest them to take medications.
Some of the wearable tech devices have very good compatibility to store every data of patients like how much calories he has taken or burnt and what’s his regular BP and Heartbeats flow. This kind of data also helps doctors to find out the best solution for their patients.
This technology will also save the time of both doctors and patients.
If You ask about the future the see one more report, Report by Accenture,
“U.S Consumer use of Wearable devices jumped from 9% in 2014 to 33% 2018” and the numbers will constantly increase.
Technology is growing very fast and the data is the most costly thing all over the world.
It’s been very important to secure the data.
Companies are constantly developing new – new methods to prevent data stolen by hackers.
One of the best and till now non-breakable technology they have built that is Blockchain.
Mostly Big brands are using Blockchain technology to save their data from hackers.
As I have mentioned A.I is a trending and future technology of the healthcare industry. It’s run only on the basis of data.
If the data is not secure with high and advanced technology. Then chances are high they can manipulate the data and can perform the wrong operation. And You know very well, How much this will affect you.
If We look at stats, According to the reports spending on Blockchain solutions is expected to grow by 11.7 billion by 2022.
Now, What my thoughts about it? According to my technology in the healthcare industry is not just helping patients or doctors. It’s also generating jobs for job seekers. That means you have a chance to opt for any of these skills. The technology will constantly update and technology has the power to change the way of living. We can hope the new technologies will make the healthcare industry more realistic and profitable.