Long hours of wait, scary thoughts crossing your mind, soaked in sweat; your eyes on the phone in search of time and you desperately waiting for your turn to visit the doctor for you/ your loved one in pain. Seems like a typical scene from a hospital isn’t it? Today, the scenario has changed drastically as digital transformations in healthcare are bringing about positive changes for a better tomorrow.
Existing and emerging technologies in the Healthcare sector are definitely paving way for a secured, positive future. The emergence of COVID-19 sparked an ardent need for innovative technologies to fight the pandemic. Innovative mediums to reduce the risk of detecting, transmitting and spreading the diseases soared up. Simultaneously, technologies pertaining to immunizations, overall patient treatment and management witnessed an upsurge. This was a revolutionary phase that led to an improved healthcare sector altogether.
Wearable smart devices, Telemedicine , Artificial Intelligence (AI), Internet of Things (IoT), Cloud computing, Augmented Reality (AR), Virtual Reality (VR), Big data and Analytics, Blockchain, Genomucs, 3D printing are the riding forces through their improved diagnostic precisions and automated assistance. ( as per Innovation Map outlines – Trendy technologies and startups engaged in them). These newer technologies are here to rule and are their adaptation is the need of the hour. So, investing smartly in the companies engaged in providing these innovative technologies for the betterment of healthcare is a good move.
As per a recent survey by StartUs insight Discovery Platform, it is revealed that more than 3622 start ups and scaleups distributed on a global scale are engaged in healthcare sector.
AI can minimize the time and labour required for completing the processes.
IoT helps in connecting devices with multiple functions and technologies.
Telemedicine can improve the reach of medical practitioners with patients via remote settings and reduces the pressure on the available facilities.
Storing large volumes of health and medical data is a tedious task and Big data , cloud computing and Analytics serves this purpose making quality assurance and monitoring of processes seamless.
Immersive Technologies like AR / VR aid in providing medical education.
3D printing aids surgery related procedures and usage of smart materials and prompt delivery at reduced costs.
Blockchain’s feature of tracing and securing makes it the most desirable technology in healthcare. Genomics had revolutionized the clinical medicine.
Aligning with these newer technologies will help investors stay abreast with the trends in healthcare sector and reap good profits.
Stem cell therapy, robotics and 5G are also the trends that are opening up new opportunities for investment too. The implementation of these newer technologies help the investors have a competitive edgy outlook over their competitors in the market.