The healthcare industry has seen a massive transformation since the COVID-19 pandemic, with many changes in the market while adapting to the new conditions. Key trends have emerged around the healthcare industry driven by technology and continue to shape the future.
According to the HIMSS report, there has been an 80% increase in investments towards health systems. Here is a look at some of the biggest healthcare tech trends to expect in 2023 and how they will impact the healthcare system.
Internet Of Medical Things (IoMT)
Studies show that the global internet of things (IoT) in healthcare was valued at $180.5 billion in 2021 and is expected to grow to $960.2 billion in 2023 with a compound annual growth rate of 20.41%. Trackers and wearables have been a considerable part of the development of information tech development.
They have made a significant impact by providing detailed and real-time data on the patient’s state, which is excellent for doctors’ observations. IoMT has also made a significant shift in patients’ awareness where they get real-time data on their health state and, therefore, are in a position to make changes in their lives to improve their health condition.
Data Privacy and Cybersecurity
Data security is a considerable concern in the healthcare industry. Cyber security will therefore be more relevant in health information technology, with all future innovations having enhancements to provide significant security layers. There has been a significant increase in cyber-attacks on healthcare organizations prompting them to invest more of their resources in cyber security.
Remote Patient Monitoring (RMP)
One of the biggest trends in the healthcare industry is RPM. The pandemic contributed to promoting RPM, which was previously frowned upon by healthcare experts. Remote patient monitoring has taken many forms, including remote care, online appointments and video conferencing. IoMT devices allow more RPM opportunities for patients and healthcare providers.
RPM allows healthcare organizations to save time and resources hence its popularity in the recent past. The future of RPM can be unlocked by providing onsite treatment and hand-free communication to offer the desired services and treatment for the different patient categories.
Improved Big Data and Analytics
Studies have shown that introducing AI in data analytics can save the health industry at least $150 million by 2025. This is possible with long-distance and real-time analysis and measurement of patient data. The cost-effectiveness of this process will allow AI to trend in the next few years.
Analytics is powerful in making predictions. Business intelligence enhancement and predictive analytics allow health organizations to leverage data-driven insights for previous patient interactions providing all the required health changes. It is advantageous to both sides, patients get proper treatment and timely plans, and the healthcare providers enjoy control over the supply chain and staff optimization.
Cloud migrations have grown significantly over the recent year. Studies show that the global healthcare computing market is estimated to reach $89.4 billion. It solves significant challenges in the healthcare industry, including remote care, record management and service delivery.
Healthcare providers are now using the cloud to efficiently manage their EMRs, and emails and make their real-time data available for healthcare professionals. Cloud solutions are said to be the extension of healthcare organizations’ communication blueprint.
Robotic Process Automation (RPA)
It is predicted that there will be a global health worker shortage by 2035, and making in-person appointments will be a luxury only a few can afford. This has led to the widespread adoption of robotic process automation solutions in the medical sector to facilitate efficiency.
The RPA-powered bots have empowered healthcare information technology development leading to staff optimization, cost reduction, accurate automation and transformational changes with the technological know-how.
Telemedicine has seen massive growth since the start of the COVID-19 pandemic. It has become one of the hottest trends, with 82% of customers experiencing telemedicine for the first time in the recent past. Studies show that the telehealth market is bound to grow from $60.8 billion in 2022 to $225 billion in 2030 since it has become an integral part of the healthcare industry.