The Future Of Healthcare Technology
According to Statista, global medical technology research and development spending will grow from $35.8 billion in 2022 to $38.9 billion in 2024. Likewise, global medical technology industry revenue was approximately $384 billion in 2020. This represented an increase of 37 percent since 2011. Projections remain positive for the coming years.
The healthcare industry is one of the pillars of society. For the next few years, the importance will increase due to the need for countries to build more robust health systems. This is a lesson learned from the COVID-19 pandemic, which caught humanity off guard and unprepared. If you are a health professional, this article is for you. Below you will learn how technology will improve medical care in this decade.
Top Four Tech Advancements Currently Applied in Medicine
Technology has one of its main fields of development and exploitation of its potential in the healthcare industry. The great advances of new technologies have reached emergency rooms and operating rooms. Let’s see what they are and how humanity’s life is today.
The use of artificial intelligence will not replace the work of doctors. In fact, this innovation will complement diagnostic capabilities for more accurate, complete, and faster results. Therefore, care will be much more effective and timely for applying treatments at the right time.
AI is a powerful tool that is set to revolutionize the healthcare system entirely. Automated software will manage medical and healthcare information in record time. Programs that work with these resources can extract clinical records. AI algorithms can design treatment plans, create drugs faster, and diagnose cancerous and non-cancerous tissue samples.
This technology involves bringing a distant reality into the current visual field. In other words, if you are a doctor or a healthcare provider, you will be able to observe two operations simultaneously, in real-time, even if you are in another country. This way will improve the inspection of clinical processes if a surgeon decides to delegate a surgical intervention to his team in another place while attending to another patient.
Some software engineering companies focused on this field are Osso VR and ImmersiveTouch. Surgeons trained in virtual reality experience an increase in their overall performance compared to their colleagues trained in traditional techniques.
Augmented Reality will be a new medical field of study and innovative discoveries in medicine. Good examples are that this system could help medical students prepare for real-life operations better. Additionally, AR will allow surgeons to improve their skills and accuracy. Medical students use Microsoft HoloLens to learn anatomy with apps like HoloAnatomy.
Healthcare Trackers, Wearables, and Sensors
The future of medical care and medicine will be supported by hardware specialized in monitoring all the physiological values of patients. Users can now see the evolution and health status efficiently. The success of these projects depends on technologies such as wearable devices, blood tracers, and body sensors. With these devices, patients and doctors will have an objective health balance.
Benefits of Technology in Medicine
- Reduces Healthcare Costs: Healthcare companies will not have to invest in a lot of equipment but a single investment in a network of AI-based software.
- Predicts Epidemics: Algorithms make it possible to detect patterns in the movement, evolution, and circulation of potentially deadly viruses.
- Avoids Preventable Deaths: Artificial Intelligence facilitates diagnoses to detect serious pathologies in time.
- Improves the Quality of Life: Physicians will have the ability to organize and accumulate new valuable information for more effective treatments.
- Reduces Healthcare Waste: The development of clinical processes based on advanced technology reduces the cost of medical material.
- Develops New Drugs and Treatments: IT software complements the research of new drugs and supplements with better molecular technology.
The Future Of Healthcare Technology – Conclusion
The healthcare industry will be one of the great beneficiaries of health technology in the coming years. But the greatest advantages will be received by patients thanks to the fact that these advances help increase the levels of well-being in societies. If you are a student or a medical professional, pay attention to the points above about the future of your career path.
- Worldwide research and development spending in medical technology from 2011 to 2024.
- Revenues continue to grow in medtech.
Written by Adolfo Perez-Gascon exclusively for the thelineofhealth.org
Adolfo Perez-Gascon is a trained journalist with expertise in the business and tech sectors. He has extensive experience working in Asia in editing roles and managing teams of established journalists and copywriters. He currently works as Senior Content Editor for Career Karma.