With the development of digital technology in healthcare like AI, VR/AR, 3D printing, robots, and nanotechnology, healthcare’s future is evolving right before our eyes. We must become acquainted with the most recent advancements for us to have the capability to take authority over technology instead of the other way around. Integrating technological solutions into health services is essential if the healthcare industry is to thrive in the future, and professionals in the field must adapt to new healthcare technologies or risk becoming obsolete.
Relationship Between Humans and Technology
However, as the old proverb goes, one must be the master of his own house; therefore, it’s important to begin “the future” by improving our health using digital technology and altering our perspective on health and medicine.
- By 2025, the yearly value created by technology-driven innovation is expected to range from $350 billion to $410 billion, thanks to better patient understanding and more convenient, personalized treatment implementation.
- 80% of healthcare facilities reportedly intend or have already implemented artificial intelligence applications.
The healthcare business has been drastically altered by technological advancements, some of which are described below.
1. Artificial Intelligence
During 2019-2025, it is anticipated that investment in AI will increase at a compound annual growth rate (CAGR) of 26.9%, bringing the total amount spent on AI from $463 million in 2019 to $2,452.7 million by 2025.
In two important respects, augmented reality is distinct from virtual reality (VR):
- Users do not become disconnected from the real world
- Information is presented to users as quickly as is physically possible
- The market for augmented medical reality will grow at a CAGR of 23% between now and 2023.
3. Wearable Medical Devices
The market value of wearable medical devices is projected to increase from $7,859.4 million in 2017 to $27,255.6 million in 2023.
In the past, one annual checkup was considered sufficient for health purposes. When something was wrong, that’s when they would visit their doctor. Nowadays, however, patients are less concerned with fixing problems and more interested in preventing them altogether. They want more regular and more up-to-date reports on their health status. The creation of new products is a direct result of consumer demand. Healthcare providers today are investing in wearable tech that can constantly monitor a patient’s vitals and issue advanced warnings in the event of a serious medical emergency. Included in this category are examples such as:
- Fitness monitors
- calorie trackers
- Heart rate monitors
- Sweat meter
4. Blockchain Technology
From robotic companions and surgical robots to pharma-bots and cleaning robots, robotics in healthcare is a rapidly expanding and intriguing industry. Assisting people with chronic illnesses, the elderly, or those with mental illnesses can all benefit from having a robot friend.
For quite some time, there are numerous sectors that have been making use of 3D printing. in healthcare sector, the use of 3D printing has revolutionized healthcare in ways beyond par.
More medical applications of nanotechnology are likely as the field develops. In the future, PillCams may even be able to take biopsy samples for additional examination, and remote-controlled capsules may one day make the possibility of nano-surgeons a reality.
As shown by data from medical technology, this technology has been used since 1991 and has continued to advance gradually. The technology has the capacity to transform the healthcare system completely, and experts anticipate it’s worth to reach over $125 billion by 2024.