While the whole world is pacing up with the latest trends and every industry has started speaking the language of technology, healthcare showed it’s too on the top of the list.
Like other industries and domains, healthcare is getting upgraded too to a level that people couldn’t have even imagined a few years back.
The most promising top healthcare industry trends have marked their way into the picture and seem to reshape the future of the healthcare industry surprisingly.
The things that seemed to be impossible a few years ago, that are currently taken a major position in the healthcare sector.
One such example can be Remote Patient Monitoring. Who thought that a patient can reach out to his doctor and get properly diagnosed just sitting in a corner of his house?
It was just next to impossible a few years then. But now it is happening majorly all around the globe.
Similarly, there are many such emerging healthcare trends that are emerging to redefine the industry and level up the standards of healthcare providers.
Wait, are you wondering what is a healthcare provider?
Well, it’s a synonym for all the hospitals, diagnostic centers, clinics, pharmaceuticals, and all other medical aid services-providing companies or organizations that deliver healthcare services to the people out there.
So today we’re going to talk about some of those emerging healthcare industry trends that are reshaping the standards and the future of the healthcare industry in the most promising way.
So what are they?
Here we go with the:
List of 10 Top Healthcare Industry Trends
- AI & Machine Learning
- Blockchain
- Telehealth
- Mobile Health
- Cybersecurity
- Remote Patient Monitoring
- Elective Surgeries
- Patient Consumerization
- Strategic and Agile Supply Chains
- Immersive Technology
1. AI & Machine Learning
The most celebrated technology of the era, Artificial Intelligence, has now paved its way to the healthcare industry as well. It is one of the current trends in healthcare industry and all the business
Artificial Intelligence is the most talked about technology since the cloud, and for a good reason.
The reason it has gained a stronghold in the industry is because of the huge data that’s generated every hour.
A report suggests that 2.5 quintillions of data bytes are produced every day. The numbers are such huge that even the healthcare establishments don’t have any idea on how to handle it purposefully and this is the reason, all these data just go in vain.
And here is why Artificial Intelligence comes into the picture. Now with the use of technologies like AI and Machine Learning, hospitals are trying to utilize these huge data efficiently.
Data like patient data, financial data, and organizational data are now being analyzed and utilized to decrease service costs and improve patient care.
This has been a huge success for the healthcare industry so far.
2. Blockchain
After AI, its blockchain has brought tremendous change in the healthcare sector. The highly secured and efficiently traceable features make it appropriate for quite many applications in the healthcare industry.
Naming some of these applications like electronic medical records, pharmaceutical supply chain, remote patient monitoring, and healthcare insurance claims.
Blockchain is known for efficiently managing EHRSs and FHIR( Fast Health Interoperability Records) chains for clinical data sharing.
It is also known for playing a crucial role in storing, sharing, and retrieving biomedical data as well as smart contracts, drug counterfeiting management, and a lot more.
Some of the best examples of blockchain used in a mainstream healthcare segment would be startups like BlockPharama and Iryo Moshi, the French and Slovenian startups respectively who are using Blockchain as the backbone of the medical establishment.
3. Telehealth
Well, this is a term that no one is unaware of in this era. Telehealth services as seen their peak within the last few years especially during the rise of the COVID-19 pandemic.
The shift in care locations has pushed its growth to the next level. In between March 2020 to April 2021, telehealth has been reported to operate to average over 5,000% of 2019 volumes.
Telehealth has revolutionized the healthcare sector significantly and seems to continue its operation for the time to come.
The IT companies and the healthcare software are closely monitoring the demand for telemedicine at different times in different places to ensure opportunities for their virtual care services.
Here it goes high and where it keeps steady, everything is closely monitored ad Telehealth is believed to be a revolutionizing agent for virtual care services.
Healthcare software and IT companies will want to keep a close eye on where demand for telemedicine stays steady and where it drops off to identify opportunities for their virtual care solutions.
4. Mobile Health
Mobile health again is one of the most widely latest trends in healthcare used technologies that has redefined the healthcare sector in a large way. The use of digital solutions and connected devices provides access to personalized information.
Unrestricted by geographical boundary limits, it has enabled providing patient care remotely. Using real-time data, diagnostic devices, smartphone-linked wearable sensors, and high-grade imaging has made remote healthcare delivery more frictionless and accessible.
mHealth played a phenomenal role in controlling the spread of the COVID-19 pandemic. It has helped in tracing contact, real-time surveillance, isolation control and management, active testing, and management of useful patient information, tracking immunization cycles and sending notifications. What can be a better use case for the same?
A great example of mobile health products is DoFasting app. The app provides users with personalized fasting plans, meal plans, and exercise routines, and tracks their progress through an easy-to-use interface.
By leveraging the power of mobile technology, DoFasting makes it easier for users to achieve their health goals in a convenient and accessible way.
5. Cybersecurity
Cybersecurity, one of the most emerging healthcare trends that have marked the most recent and innovative development in the industry.
The growing cases of data thefts and increase in the numbers of information sharing vulnerability cases have resulted in the introduction of cybersecurity in the healthcare industry.
Based on a report, In 2018 alone, there were 15 million patient records exposed which is nearly three times more than that of cases reported in 2017.
As healthcare is already highly stuffed with very personal and highly sensitive data, there have been attacks and data thefts that are high profile and majority times financially motivated.
This is estimated that this will continue to be the main target for the cyber attacks in the forthcoming years and hence the term cybersecurity has emerged out to be one of the key medical industry trends recently.`
6. Remote Patient Monitoring
The remote patient monitoring and the smart health tech-enabled wearables market have started to scale up recently. Now a smartwatch can track down your heartbeat, pulse rate, blood pressure, and oxygen level.
A diabetic patient can monitor his/her blood glucose level just by sitting at their home through a small and smart digital glucose monitor device.
All these have seemed to be an appealing improvement on the healthcare segment.
Though this recent healthcare trend is just at its beginning stage, with an average of 25% of hospitals using this device, this is going to be a huge market in the coming years it seems.
The wearable market is estimated to reach $12.1 billion by 2021 whereas the remote patient monitoring market is estimated to rise to $31.3 billion by the end of 2025, which is nearly double the value it’s today.
7. Elective Surgeries
Many people may not be aware of this top trends in healthcare. Elective surgeries are referred to as surgeries that are meant to enhance the quality of life but not to serve critical healthcare conditions.
During the COVID-19 pandemic, the numbers of elective surgeries seemed to be on a halt but it’s again seen to resume since the number of covid cases has started dropping.
Based on the recent medical claims data, the numbers for hip replacement surgeries, knee replacement surgeries, and bariatric surgeries have started to come back to normal.
The numbers have started to rise again and we aim for more such surgery volumes in the coming years.
8. Patient Consumerization
The way today we as consumers have the privilege to receive goods on the same day we ordered and track them moment by moment till it gets delivered, the same way patients expect that level of transparency and efficiency from their healthcare providers.
There were days when patients used to wait for months for a result of a minor test and that too with no surety of results and accuracy.
Today with this emerging healthcare trend of patient consumerization, patients are trying to be given that much priority as it is given to a consumer on any e-commerce platform.
Every company should start assessing its current hindrances to consumer satisfaction and deploy analytics and patient-centric technologies to improve the convenience, speed, and transparency of care.
9. Strategic and Agile Supply Chains
Fruitful inventory chains are turning into a critical differentiator and imperative piece of the consideration conveyance measure in manners we have never found in medical care.
Taking care of business requires vital frameworks thinking around all capacities in the association. Among the subjects for sheets to consider:
Expanding stockpiling and self-appropriation. What’s old is new once more. We see a pattern toward more self-conveyance models rather than in the nick of time conveyance from merchants.
This permits associations to purchase in mass, control conveyance, and limit their dependence on things in danger of being drained.
Associations don’t have a boundless stock of capital so this is definitely not a one-size-fits-all acquisition methodology, however, it might bode well for specific things in the store network.
10. Immersive Technology
The utilization of immersive technologies, like AR/VR and MR, is on the ascent in the medical care area.
VR applications in medical services fluctuate from recovery treatment and openness treatment uneasiness problems to helping with intellectual and actual restoration.
AR/VR likewise assumes a significant part in clinical training. Immersive technologies additionally discover applications in medical procedures, for example for the perioperative projection of patient data, holographic pictures, and outputs.
All the above-mentioned healthcare industry trends are proof that the healthcare industry is heading towards a great future aimed to ease the process of patient care and add value to people’s lives in a great way.
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