The healthcare sector is undergoing rapid changes, with a significant upgrade in terms of technology. In the past few years, technology has driven a number innovations that help find, prevent and curse it.
The global healthcare services market is expected to continue its upward trajectory and surpass $9 trillion by 2026. (Source)
It is difficult to imagine how the healthcare system would have worked a few short years ago. It is impossible to unlock the potential of healthcare without technology. The digitalization of the healthcare workflow allows patients to receive affordable services remotely.
It is normal to be aware of future trends in the healthcare industry as we approach new years. The transformation of the state-of-the art care center will require a migration from legacy systems and processes to modern infrastructure. In the digital age, it is essential to integrate newer technology to increase productivity, efficiency, and security, without sacrificing reliability or access.
See the upcoming health care trends that will dominate 2023 and beyond.
Five prominent healthcare trends for 2023 and beyond
Healthcare is not an exception. Due to the technological advances, nearly every industry is undergoing a major transformation. Integration of healthcare processes with emerging technologies creates opportunities for innovation and breakthroughs. These innovations help healthcare providers to streamline and optimize processes.
Future projections reveal that the healthcare industry is characterized by constant trends. Even a clinic is actively acquiring new technologies-based solutions, such as AI, IoT, and others. Many are still waiting for something new.
Focus on the trends in healthcare that will be dominant for many years to come.
Artificial Intelligence: Healthcare Trend №1
AI’s recent healthcare breakthroughs and ongoing pioneering effort continue to transform the sector, with capabilities that have not been new but are consistently innovative. Leading medical expert Dr. Sarah Chen says that AI is a game changer in healthcare. It has the potential of revolutionizing how we diagnose and treat diseases. “The possibilities are endless.”
Precedence Research estimates that the global market for artificial intelligence in healthcare will exceed USD 187.95 Billion by 2030. The CAGR during the forecast period 2022–2030 is 37%. (Source)
Focus on these Important Points
- AI-enabled applications and solutions can help improve patient care, diagnosis, and treatment.
- AI can analyze vast amounts of medical data to provide faster and more accurate diagnosis, enable early intervention, and expand healthcare access.
- AI-driven automation simplifies administrative tasks and improves operational efficiency. It also reduces errors.
- AI must be used in a responsible and ethical manner.
- To maximize the potential of AI, a collaboration between healthcare professionals, policymakers, and technology experts is essential.
It is a common misconception that telehealth or telemedicine will shape the future of healthcare services. Telehealth is an increasingly popular way to provide healthcare remotely using telecommunications platforms. It’s convenience makes it a future revolution in the healthcare industry.
Telehealth will continue to grow in the future. Here are some of the key ways that telemedicine and telehealth are shaping healthcare in the future.
According to McKinsey and Co., since February 2020 telemedicine is 38 times more popular.
Telehealth: The Future of Healthcare Industry
- Access to healthcare is expanded through virtual consultations and remote monitoring. Tele-pharmacy also overcomes distance barriers through mobility solutions.
- Customized healthcare services empower patients to actively manage their own healthcare.
- Virtual communication and information sharing can improve coordination of care among caregivers, settings and other stakeholders.
- Patients, payers, and providers can all save money by using cost-effective healthcare models.
- The growth of telemedicine and telehealth is driven by the continued technological integration and advancements, including AI, VR and wearable devices.
IoMT, or Internet of Medical Things, is one of the fastest growing trends in healthcare. Internet of Medical Things Benefits (IoMT), is a network of connected health-related devices such as wearables, sensors and medical devices.
Source: (a href=”https://www.fortunebusinessinsights.com/industry-reports/internet-of-medical things-iomt-101844">Source/a>) The global market for Internet of Medical Things is expected to grow rapidly, from $30.79 Billion in 2021 to an estimated $187.60 Billion in 2028 at a CAGR of 29.5%. (Source)
IoMT Benefits for Healthcare Industry
- Remote monitoring of patients’ health status, including vitals signs, medication compliance, and other data can help healthcare providers better manage diseases and reduce readmissions.
- IoMT devices such as smart medical devices and wearable health trackers can provide personalized and proactive care, allowing for early detection and timely intervention of health issues.
- This trend improves the operational efficiency of healthcare facilities. It also lowers healthcare costs and improves patient outcomes. This trend simplifies workflows, automates repetitive tasks, and optimizes the allocation of resources.
- IoMT devices can improve patient safety through real-time health monitoring, which leads to a decrease in adverse events and medication mistakes.
- IoMT can extend healthcare services into remote or underserved regions. It enables patients to receive medical care and timely personalized care remotely, thus bridging the gap that exists between healthcare providers and patients.
- IoMT can help healthcare generate large amounts of data that can be used for data-driven decisions, personalized treatment plans and population health management. This will also lead to better healthcare outcomes, patient satisfaction and experience.
Health Trend #4: Augmented Reality and Virtual Reality
In various industries, including healthcare, the concept of mixed, augmented and virtual reality is a hot topic. These technologies have the potential to completely re-design legacy systems and workflows. AR/VR can be used to improve the surgical process, or to enhance telehealth.
According to the research, the role of AR/VR technologies in the healthcare industry is expected to grow rapidly between 2018 and 2025.
AR/VR Technologies: Key Benefits for Healthcare Industry
- Telemedicine and Remote Monitoring: Augmented reality and virtual technology are used to enable telemedicine. Virtual reality (VR), which creates immersive environments, can be used for remote consultations. This allows healthcare professionals to perform virtual assessments and examinations. It can reduce the cost of a consultation and allow doctors and patients to save time.
- Medical Trining and Educational: Augmented and Virtual Reality can be used to provide interactive and realistic learning experiences for patients. Medical students can use VR/AR technologies to simulate complex medical situations, practice surgical procedures and gain hands-on training in a controlled environment.
- Virtual reality can be used to manage anxiety and pain in patients. Virtual reality (VR), which is a form of virtual reality, can be used to help patients manage pain, reduce their dependence on opioids and relieve stress. VR is used in many contexts including childbirth and dental treatments.
- Virtual and augmented reality are used to improve mental wellness and health. Virtual and augmented realities are used to improve mental wellness. VR/AR can be used to treat PTSD, anxiety disorders and stress.
Surgical Navigation and Planning: Augmented reality is also useful for surgical navigation and planning, which can provide real-time guidance to surgeons during procedures. AR overlays digital pictures onto the surgeon’s view, allowing them to visualize anatomical features, locate tumors and plan precise incisions.
Healthcare Trend #5 — Cloud Computing in Healthcare
Cloud solutions are becoming increasingly popular among healthcare service providers. Cloud solutions are a great way to transform how they store, retrieve and manage data. Cloud-based solutions can have positive effects such as reducing costs, improving patient care, increasing efficiency, and enhancing data security.
MarketsandMarkets reports that the global healthcare cloud computing industry is expected to reach a market value of $89.4 Billion by 2027. This market will grow at a Compound Annual Growth (CAGR), of 17.8%, from a size estimated to be $39.4 Billion in 2022. (Source)
Cloud Computing and Healthcare Sector: Key Values
- Scalability: Cloud solutions allow healthcare organizations to scale IT infrastructure easily up or down based on their needs. They can be flexible to meet changing needs without making significant investments.
- Cost-effectiveness — Cloud-based solutions enable healthcare organizations to maximize IT resources, achieve cost savings, and reduce maintenance costs. They also allow for pay-as you-go models and eliminate the need for large capital expenditures in hardware and software.
- Accessibility and mobility: This trend, among all the healthcare trends for 2023, will allow healthcare providers to have access to data and applications at any time and anywhere from any device that has internet connectivity. This will allow seamless collaboration, remote working, and telehealth, ultimately improving patient engagement and access to care.
- Cloud integration facilitates data exchange and interoperability. This allows for seamless exchange of patient data between healthcare providers and systems. The healthcare industry will be able to provide better clinical decision making and more personalized care.
- Disaster Recovery and Business continuity: The cloud offers built-in disaster recovery and data backup capabilities. The cloud has been designed to provide data resilience, business continuity, and sustainability even in the face of natural disasters or other disruptions. In addition, minimize downtime to ensure uninterrupted access to vital healthcare services.
Conclsion: Future Healthcare Trends & Technology
Looking at the technology trends that were prevalent in healthcare ten years ago it is clear that many have evolved from “nice to have” to “must have” solutions. AI system integration, for example, is not just a trend that will be around in 2023. It’s a requirement of today’s healthcare environment. It’s time for healthcare organizations to implement AI systems if they haven’t already.