The HealthTech industry has witnessed rapid development over the past decade and is developing rapidly every day. Inevitably, today’s technologies will improve over time to deliver better clinical outcomes, become more patient-focused, and deliver greater productivity and efficiency across the board. health care continuous
The size of the healthcare market in India is expected to reach USD 372 billion by 2022, driven by rising revenue, better health awareness, lifestyle-related diseases and increased access to insurance. India’s medical tourism market was valued at US$2.89 billion in 2020 and is expected to grow to reach US$13.42 billion by 2026.
In the recently completed Radiological Society of North America (RSNA), one of the biggest events of Radiology, leading healthcare technology companies highlighted its latest diagnostic and pathway informatics portfolio featuring end-to-end solutions to enable earlier and more definitive diagnosis. The event also served as an ideal platform for discussions on the trends being observed in the industry.
Some of the key trends that have relevance to India include:
Appearance of Advanced Technology to break current clinical limitations: The continued rapid advancement of medical equipment has enabled healthcare providers to deliver accurate diagnoses with better patient outcomes. While these technologies can be expensive initially, the technology can be used in a high-volume center to deliver better clinical outcomes at a lower cost, which is ideal in a country like India. A great example of this is the dual detector. Spectral CT technology, which uses a single X-ray source, yet provides spectral images 100% of the time. This technology avoids twice the amount of X-ray exposure to the patient and the need for repeat scanning (and is therefore cost effective).
Data is the future of healthcare: The importance of artificial intelligence in healthcare has continued to gain momentum as it plays an important role in rapidly processing computerized patient data for faster and more accurate analysis. In the future, AI will also help maximize efficiency and the potential to improve working with patients. With the variety of patient data in India in a resource constrained environment, AI will be crucial in providing new protocols and faster clinical results.
Fusion of technologies to provide better patient care: Technology companies are collaborating and working to integrate various technologies to gain better clinical insights for clinicians to deliver superior patient care. For example, cardiac ultrasound images can be merged with live images from the interventional cath lab to enable the cardiologist to make accurate clinical decisions, especially in complex clinical procedures. Today’s healthcare companies are focusing on providing smart solutions, either using their existing products through blended or integrated approaches along with the latest technologies like augmented reality, robotics, etc. in healthcare to deliver superior clinical outcomes.
Remote healthcare and telemedicine: Telemedicine, telediagnosis, telemonitoring, etc. they became the norm during the pandemic and these new ways of efficiently providing access to care continue to evolve further in the times ahead. Effectively collected and analyzed longitudinal data from individuals will transform people’s lives (even before they become patients) and will eventually be an important part of any clinical intervention.
In short, the Indian healthcare sector offers unique opportunities for scale and data to positively impact the lives of millions. The technology will enable health outcomes comparable to those in the rest of the world, at a fraction of the cost paid by the rest of the world.
Chhitiz Kumar, Director of Sales and Service, Philips Indian Subcontinent
(DISCLAIMER: The views expressed are solely those of the author and are not necessarily endorsed by ETHealthworld. ETHealthworld.com shall not be liable for any damage caused to any person or organization directly or indirectly.)
