The healthcare industry is witnessing a surge in spending on healthcare application development. There are many healthcare software development companies continuously developing healthcare application software for medical specialists, healthcare-based markets and much more.
By 2020, the market for digital healthcare is expected to reach $206 billion. Several leading companies have been redesigning their strategies with digital innovation, implemented to their main working areas with a customer-centric plan.
For markets, it is crucial to maintain a check and keep an eye on healthcare trends that have the power to shape the game for the healthcare industry.
In this blog, I am going to cover some of the main technology trends in healthcare that have been presented at Med-Tech Innovation Expo. While companies tend to lean on established methods, they are continually looking for new ideas that can advance performance and improve productivity by the means of technology. However, let's move on to the technologies that will impact Healthcare in 2020
TelemedicineIn initial patient registration the biometric system examines your entire biometric database for copies in seconds. This is a single way to correctly restrict duplicate patient reports and reduce patient fraud.
The Internet of Medical Things (IoMT)Various mobile devices and apps are playing a vital role in monitoring and limiting chronic diseases for many patients and their physicians. By merging IoT advancement with telemedicine technologies, a new Internet of Medical Things(IoMT) has evolved. According to Frost and Sullivan, nearly sixty percent of operations adopted IoT and IoMT by 2017. This trend has provided a start to advancements in a patient's healthcare experience to profitability. With the appearance of new delivery systems, physicians will have many attractive options for providing quality care, more productively as there is a forecast for the market size of IoT devices to be exceeding $136 Billion in 2021.
Cloud ComputingCloud Computing has been magnifying the demands of the sharing of large files among the private, public or hybrid clouds. The healthcare industry has been working to focus on the demands to build out, manage and maintain support for record-keeping needs. In such a situation, Cloud Computing has been the best fit for digital technology in healthcare. Through cloud computing, patient and care providers both have better access to records that have changed the process and made it more flexible and convenient. For live video conferences, it also generates a requirement to use WAN connections that are fast, reliable and stable. Healthcare Foundations have to be obedient with HIPAA Compliance and General Data Regulation Protection for electronic Protected Health Information (ePHI) for guarding messages, audio, video, and emails based on healthcare data. Hosted solutions commonly offer more elasticity and lower costs whereas Hybrid solutions give some of the best advantages of cloud computing in healthcare, and they usually allow more portability in terms of cloud computing.
Artificial IntelligenceInventing Artificial Intelligence machines that can prepare information and present decision-making data in the identical way as a human does has given acceleration to an innovative technology revolution. AI applications can serve in enhancing the speed and efficiency of the treatment process. Analytics can also support in recognizing developing concerns that will support doctors to glance at the feasible strategies for early treatment. Machine learning algorithms can also be used to investigate chemical and biological cooperations during the drug discovery method, delivering drugs quicker to market for use. The power of AI is tremendous in the healthcare industry. There is a requirement to accomplish high-end healthcare duties through AI combined systems.
Predictive Analysis and Data SciencesAdvancements in Data Science and Predictive Analysis have helped doctors gain deeper insights. By deeper insights, they can operate on actionable data. Data can be examined and investigated to improve effectiveness in healthcare organizations. Analytics is another field where synergies can be accomplished. With higher inflows of data from IoMT devices, data scientists can create more elaborate models.
5GThe advent of 5G has the power to modify healthcare performance by enhancing speed and capability while decreasing latency. This strong network will be important for transferring large medical images, and for helping telehealth actions and remote patient monitoring tools as well as complicated uses of AI, AR, and VR. 5G also will promote faster downloads and interaction on mobile devices and tablets used in healthcare environments, and it's expected to be a suitable counterpart to Wi-Fi 6.
The healthcare industry is seeing a confluence of several emerging technologies. There is a revolution for healthcare solutions that have been optimized and acted upon for the desired set of target audiences. The above-listed healthcare technology trends are anticipated to rule 2020. For companies based on healthcare, it is necessary to keep up-to-date with all the newest happenings and things in the healthcare industry.