Be it diagnosis, digitization of patient records, or monitoring patients’ vitals, technology has always worked as a driving force to influence the healthcare sector. The healthcare sector has ameliorated to new heights with interminable innovations and technological advancement. From the use of artificial intelligence in diagnosis to the advent of telemedicine, the healthcare sector and innovations go hand in hand. Many breakthrough innovations have reshaped the healthcare segment and augmented the health of individuals. The article focuses on the recent technological trends that have revolutionized the way we see the healthcare industry.
Artificial Intelligence
Artificial Intelligence helps healthcare professionals obtain efficient and processed information to aid in decision-making. Moreover, AI-aided data analysis helps researchers to segregate the right combination of a compound from a potential list to obtain a desired drug. Microsoft’s Project InnerEye on GitHub is an amazing example of a radiotherapy AI tool and an open-source platform that helps the global medical imaging community leverage information. Microsoft’s Project Hanover is designed to archive biomedical research papers from PubMed.
Smart Pills
Often used in endoscopy, smart pills are small electronic devices, designed to perform advanced functions like sensing, imaging, and drug delivery. Wireless capsule endoscopy (WCE) is ingested orally to diagnose and capture images and the integral sensors measure fluids and gases to present a three-dimensional image.
Telemedicine
Even though the history of telemedicine is not new to the healthcare sector, it was propelled to a major population with the advent of COVID-19. Patients preferred video conferencing as a safe and suitable method of communicating with doctors to seek medical advice. The gross revenue of telehealth is expected to cross 185 billion by 2026. With the ongoing pandemic, a few regulations have been relaxed but adhering to HIPPA compliance becomes a major concern for telemedicine practitioners.
Natural Language Processing
Natural language processing is an amalgam of AI and telemedicine. NLP-powered chatbots play a major role in analyzing patients’ records and assist in diagnosis and research. The chatbot’s response is imbued with human touch and filled with empathy. The interacting patient or healthcare provider get an automated germane response to the questions that assist in research and further medical tests. NLP specializes in extracting relevant data from unstructured archives to find missing or improperly coded patient information.
Extended Reality
Also known as augmented reality or mixed reality, this technology has proven to be a wonderful addition to the healthcare sector. Surgeons often use headset devices that project a hologram effect, allowing them to communicate amidst an operation or consultation. This modern technology is widely used in attending conferences, and meetings, seeking advice from a medical professional, and more.
IoT and Wearables
Monitoring the personal health of patients can be a major challenge in decentralized clinical trials or home therapies. In such cases, wearables and bio patches help patients track their vitals, blood pressure, and even oxygen saturation. The patient’s condition is then monitored by healthcare professionals on their smartphones through an application. Wearables are gradually evolving with the technology to accurately measure the patient’s condition and limit regular clinical visits.
Conclusions and Perspectives
Significant technological trends get readily imbued with the healthcare sector sooner or later. The way innovations complement the healthcare sector, we are more likely to see astonishing discoveries in the coming future. The innovation-enabled healthcare sector functions as a reinforced industry with the cure for diseases underlying in its shadow.
About Octavus Consulting
Octavus is a dedicated consulting company that offers a one-stop market solution to life science enterprises, biopharma, MedTech, diagnostic centres, digital health companies, animal healthcare, and startups.Since the inception of the company in 2017, the Octavus team has accomplished multiple projects on digital health & digital therapeutics. Our team of professionals has undertaken and delivered several projects on digital trend analysis, literature review analysis on digital biomarkers, understanding the competitor landscape of digital therapies, companion diagnostics landscape analysis, market research assessing health-tech solution’s market penetration, health app consumer insights, asset and indication prioritization among others. We are a team of professionals with decades of experience in the industry. Our SEO-friendly content generation and social media marketing via our media division PharmaShots has helped numerous life science businesses outperform in the market.
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