Notwithstanding the recent events revolving around politics and the uncertainty for the healthcare industry, a study has shown that universal healthcare from a manufacturer’s revenue standpoint will manifest a substantial growth reaching up to $1.85 trillion for 2018.
According to Frost and Sullivan, a company mainly positioned to ascertain transformational growth, investments in digital health, have estimated a whopping $6.5 billion this 2017. Due to the continuity of increased demand in technological solutions aimed at promoting innovation for the quality of care, more markets are envisioned to emerge and rise to the challenge of the competition.
With that, here are some noteworthy predictions for the healthcare of 2018.
- Artificial intelligence will be widely used for care facilitation and surgery.
For the past few years, rehabilitation and performance enhancement for elderly patients have been on a low status. Reports show that one of the reasons why there is an occurrence of inadequate care provided to the elderly is due to the impending deficit of caregivers. Introduction of technology to various aspects of care will significantly boost services or the lack thereof. On the other hand, surgical procedures will be more dependent on the upgrades brought about by robotics. By 2025, there is a forecast that robots will perform surgical procedures.
- Cyber-attacks directed towards digital files will be doubled.
Continuous digitizing puts the healthcare industry at risk for cybercrimes. Medical technologies and other device players are entailing themselves of being hacked by cybercriminals, placing the industry in a hazardous position of losing millions. Collaborative guidelines made by healthcare authorities, governments, and device manufacturers should be frequented. Disclosure clauses to heighten awareness and at the same time develop solutions for risk management should be highly considered.
- Clinical trials will shift on efficiency.
Assimilation and operation of mobile phone applications and handy devices have demonstrated critical benefits in reducing the cost of clinical trials through streamlining the method; thus, exhibiting efficacy. Virtual clinical trials will reach a global scale of around 20% and will further gain traction in 2018.
- Cloud will play a significant part.
As stakeholders in the healthcare industry insist on cost-efficient ways for running healthcare facilities, one of the leading elements to handle complexity and quantity will be Cloud application. This will expand to all forms of healthcare avenues to facilitate efficient data handling and integration. Concept precision and reasonable care entail cloud platforms to be deployed into a more diverse model. The foreseeable growth of up to $5 billion is estimated by the start of 2018 and will continue until 2022.
- Tech businesses will reap higher returns from investments.
Contemporary participants in fast-tracking digital treatments like Fitbit, Apple, Samsung and Google (Verily), are anticipated to receive a substantial incentive from the demand. Likewise, more companies have their eyes set on entering the arena of competing for the best economic applications and improvements of healthcare fundamentals. This indispensable concourse will elevate the fixation on exceeding expectations of consumers of a better health plan.
In 2018, the healthcare industry will most definitely benefit from the extensive conversion and the possibility of newcomers to contribute to the rising economy.