TAIPEI, TAIWAN, Feb.28, 2022 - During the COVID-19 pandemic, the digital health investment had its harvest year in 2021. According to Rock Health, a venture fund dedicated to digital health, the total investment deals had achieved USD 20 billion for digital health startups. Here are 3 predictions for healthcare advancements that will gain further traction and invest in 2022.
1. AI-based innovations to reduce clinicians burn-out issue
The resignation of healthcare workers in America last year had shown the difficulty for the frontline of COVID-19 care. In fact, many of them felt burned out, actually felt similarly before the pandemic. For the safety and privacy perspective to the patients, hospitals are more conservative to use new technologies. This causes an abundance of administrative duties and daily follow-up and track with patients.
The improvements in technology can reduce the burden. Clinicians are eager to use AI-based tools which can quickly and efficiently integrate into their existing workflows, so they are able to reduce heavy workloads, manual errors, unearth the information and insights needed to efficiently treat their patients. For instance, deep-learning based image reconstruction can improve image quality to shorten the scan time and any possibility of errors.
2. Health tracking with telehealth, wearable devices and healthcare Apps
The telehealth boom propelled out of necessity by the covid-19 pandemic in 2020. Now the demands are becoming stable and advanced. According to Mercom Capital Group, a global communications and research firm, many telehealth companies raised USD 4.2 billion in the first half of 2021. Telehealth industry is becoming more mature and is shifting away from just urgent care visits to focus on more specialized care. Remote monitoring devices are able to provide the ability to check on patients in rural areas or who have difficulty finding transportation to get to the doctor.
On the other hand, people are willing to buy wearable monitoring devices, using healthcare apps and software to monitor their health. Deloitte predicts strong demand for wearable wellness technology in 2022 with USD 320 million consumer health. With more sophisticated health tracking features, consumer wearables tend to be personalized health clinics, which can offer multiple functions to raise awareness of health and wellness, which allows patients to be easily identified and then come into the traditional healthcare system for diagnosis and treatment.
3. Genomics will drastically improve diagnosis and treatment
The healthcare industry has made tremendous advances with technologies that help diagnose and prevent disease. A research report by MRFR, the global precision medicine market project that the genomic market is anticipated to attain a size of over USD 126.14 billion by the end of 2025. In 2022, genomics will offer more variety of tools and new discoveries to diseases and disorders based on each person’s genetic data. It will change our medical treatment from the one-size fits-all approach to more precise and accurate. The combination of precision medicine and digital healthcare options are increasing data availability and access, which has led to changes in public opinions. Along with the variety of data generated, the demands of analyzing heavy genomics workloads with more efficiency and lower cost would be a big issue for the laboratories and service providers. See Gone Viral- The Future of Biotech Investments and New Computing Technologies Amidst COVID-19 for more details about the biotech infrastructure investment.
As healthcare technology continues to improve, physicians can devote their lives to caring for others with less stress, healthier mental and physical status. People can monitor their health with wearable devices to continuously record body conditions. Clinicians are able to use telehealth devices/services to check with the patients. Furthermore, genomics can bring more precise diagnoses and treatment to individuals. Although there are still some challenges to deal with restricting regulations to make digital health tools more accessible. Healthcare innovation will continuously bring new spotlights to catch everyone’s eyes.
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