An unparalleled pace of technological revolution has transformed almost every aspect of our lives including healthcare. Innovations in the digital space have now made it possible for consumers to use portable devices to access their medical history, keep an eye on their important signs, and undertake diagnostic tests at home. Technological innovations help in carrying out a wide range of tasks.
Originations across the healthcare industry will go beyond the already used mobile technology, mobile devices, wearable technology, remote monitoring, telemedicine and information sharing platforms to track and share health data. One can be very optimistic about newer ways of healthcare delivery by way of drones, robots, and artificial intelligence, which may reduce variability, cost and error in providing quality healthcare. These newly launched wearable items and health apps have opened the door not only for doctors, but for pharma brands and other marketers as well.
Today, Indian hospitals are stepping into the adoption of technology and the government is also facilitating many healthcare programmes with the support of technology. It is now trying to build a standard for Electronic Medical Records (EMR) and medical devices which will soon help the hospitals to adopt medical technology faster.
Time genomic based medicines are becoming more crucial and healthcare professionals are keeping a track of this complex and rapidly developing field. Genomics and its related laboratory technologies have shaped a wealth of opportunities in fields such as medicine, industry and much more. It is vital to provide information for disease diagnosis and management through appropriate laboratory investigations. Clinical laboratories in recent times have gone through major technological advancements. With intense research development happening in the field of pathogenesis of diseases and personalised medicine, advanced diagnostic techniques and tests are being implemented extensively. These technologies are largely assisting doctors in diagnostics and determining the ailments. They are being used to conduct researches and also being used to find cures to the illnesses. Some equipment such CT scans, MRI scan machines and even the tests that are conducted for detecting diabetics and cholesterol testing are now being supported by many healthcare manufacturing companies, encouraging a faster and technologically equipped India.
AI for Healthcare IT application
According to a study conducted by Forbes, by the end of 2019, up to 15% of global healthcare spending will be tied in some form with value/outcome based care concepts. The impetus for this shift will be more exigent for countries that currently spend nearly 10% or more of their GDP on healthcare. AI for healthcare is expected to cross $1.7 billion by end of 2019. It is further anticipated that by operationalising AI platforms across select healthcare, workflows would result in 10–15% productivity gain over the next two to three years. AI will begin to see fruition, particularly in the imaging diagnostic, drug discovery, and risk analytics applications.
It is expected that digital health tech catering to out of hospital settings will grow by 30% to cross the $25 billion market globally by the end of 2019. By 2019, up to 10% of healthcare R&D will be invested to localise innovation for emerging markets in Asia. For instance, Asia-Pacific is the strongest market in terms of growth, with more than 30% of the global late-stage trials for cell therapy alone. By end of 2019, 50% of all healthcare companies will have resources dedicated to accessing, sharing, and analysing real-world evidence for use across their organisations.