The healthcare industry is fast-paced and forever changing. COVID-19 has accelerated many trends previously coming to the fore as governments worldwide seek to alleviate the shortcomings exposed over the last three years.
With healthcare changing so rapidly, there’s an opportunity for innovation. This article will review some of the significant healthcare industry trends influencing the course of direction.
Artificial Intelligence (AI)
AI is one of the fastest-growing trends within health information technology. Data is essential to healthcare practitioners and entrepreneurs needing to make decisions that ultimately benefit patients.
AI is a massive asset to medicine, with AI being more proficient at diagnosing diseases and evaluating potential complications.
Another use for AI is in computed tomography scans. Skilled human resources were invaluable throughout COVID-19 in assessing infection patterns and assisting physicians through accurate reporting. These technologies are expected to assist in the outbreaks of diseases such as flu, RSV, and pneumonia.
Surgical consultants also benefit from Ai in the form of surgical pre-planning. Innovators like Novarad are exploring new possibilities through the implementation and adoption of AI. Elements like assisted surgical pre-planning have the potential to lead to better patient outcomes.
Nanomedicine is an invention from the sci-fi world that is fast becoming a reality within contemporary healthcare environments. Emerging tech news reveals that technology like nanomedicine supports the next generation of treatments.
Nanomedicine utilizes microscopically tiny materials and objects that are biocompatible. This technology is widely expected to be used for specific medical purposes, including diagnosing and treating living organisms.
The future is already bright, with scientists already creating organic robots, known as xenobots, that can self-replicate.
Implantations have long been a part of the medical landscape. Scientists are working on making them more intelligent. Already, 2023 is expected to be a year where more implant-related decisions and technologies become available within the global healthcare market.
Smart implants have been cited as beneficial for improving the efficacy of regenerative medicine, curing disabilities, and supporting physical rehabilitation.
3D Printing Technology
3D printing has become a facet of many industries, and healthcare is one of them. The 3D printing of biocompatible implants isn’t new, but it’s becoming more reliable and accessible to patients.
Healthcare entrepreneurs have already developed new materials that work better with the human body and manufacturing methods, enabling more sophisticated prosthetics.
Telehealth has existed for over a decade, but it came to the fore during the pandemic when many patients could not visit physicians and therapists in person. It’s a concept that is here to stay.
Utilizing the Internet, video conferencing software, and live streaming has enabled healthcare services to become available in remote areas. Improving accessibility to the medical system enables millions of patients worldwide to get the help they require.
The same principle applies to telepsychiatry. The provision of mental health services has long been something the healthcare industry has fallen short on. Superior remote services are rapidly closing the gap between physical and mental health support.
Consumer adoption of telehealth services has skyrocketed from 11% in 2019 to 46% of Americans using some form of telehealth service in 2022.
It’s no secret that the medical industry has much in common with the commercial market. Providers are actively competing to win patients, with many adopting traditional marketing tactics to attract patients into choosing them.
Increasing competition is helping to keep prices down and increase choice, which is both massive benefits for patients.
This trend is making a difference because it’s cranking up the pressure and forcing providers to change how they operate. For example, purchasing branded and generic drugs and medical equipment via traditional retailers like Amazon and Walmart is possible.
The drive toward competing within what was once an industry with relatively little competition is also expected to fuel innovation. Providers must think outside the box if they’re going to survive into the late 2020s.
The healthcare industry is constantly shifting to accommodate patient needs and market pressures. These trends apply not only to private healthcare systems but also to public healthcare systems. Remember, all public healthcare systems can only provide their services because of the private sector.
With all these trends in mind, what do you think is going to be the most significant influencer on healthcare in the years to come?