How is Technology Revolutionizing the Future of Healthcare? – ET HealthWorld


By Dr. Charit Bhograj

2022 has been an eventful year for India digital health market. The coronavirus pandemic has facilitated the digital revolution within health care & Medical technology industry. In addition, the widespread acceptance and use of smartphones and the Internet, along with supporting government legislation, has fueled India’s expansion. digital health business.

The nation has embraced a digital-centric mindset over the past decade, with digital payments and e-money becoming more pervasive in Indian culture. According to Markets and Research, India’s digital healthcare and medical technology industry was estimated at Rs. 252.92 billion in fiscal year 2021. Furthermore, it is estimated to reach Rs. 882.79 billion for fiscal year 2027, growing at a CAGR of 21.36% between fiscal year 2022 and fiscal year 2027.

Today, the MedTech business is constantly striving to improve and evolve on multiple fronts, from electronic consultations and telemedicine to real-time diagnoses and access to digital therapies. Artificial intelligence (AI), the Internet of Things (IoT) and data management methods have combined to make the industry smarter every day. However, doctors working in hospitals and small clinics, which are prevalent in rural India, need a digital boost to improve patient care.

Artificial intelligence (AI) applications in healthcare have proliferated in recent years. AI is now being used to discover new medical therapies, early detection of disease, and improve the efficiency of healthcare delivery. Technology is constantly evolving and becoming adept at understanding the complexities of human health. An AI will help doctors and healthcare professionals provide better care for patients.

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The Indian government is partnering with digital health companies to promote access to better healthcare. He has collaborated with leading IT pioneers, dynamic technology startups, and well-established healthcare organizations to enable access to quality healthcare.

The STEMI program is a great example of the use of Medtech in public healthcare. It is one of the most important initiatives of the Indian government to fight against the increasing number of cardiac deaths. The STEMI initiative aims to reduce the number of preventable deaths from cardiovascular disease. The government has collaborated with many AI-led MedTech companies to enable rapid detection and management of heart disease to speed up the processes involved in the project. Within the first year of its inception of this program in Maharashtra, it helped provide rapid diagnosis for more than 2,000 heart attacks, with a response time of less than six minutes.

Of electronic health records (EHR) to telemedicine and robotic procedures, the healthcare industry is waking up to a new era of technology-driven, value-based care, with the help of MedTech companies driving the industry to rapidly evolve. With the help of some growing trends, let’s examine how technology is disrupting healthcare:

AI becomes a powerful force:

Everyone is vying for a piece of one of the tech industry’s most sought-after assets: artificial intelligence (AI). According to recent research, the global share and size of Artificial Intelligence (AI) in the healthcare market will exceed $95.65 billion by 2028.

AI is expected to provide personalized medication while playing a vital role in improving the diagnosis and treatment of various diseases in the coming years. Therefore, it will not come as a surprise that digital or cutting-edge technology such as AI becomes part of every facet of the healthcare ecosystem, having a positive impact on individuals and society. In addition, digital solutions formulated by healthcare technology startups will enable physicians and hospitals to streamline their operations, patient tracking, engagement, and administrative responsibilities.

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Today, MedTech companies enable healthcare professionals to more accurately predict, prevent, and cure disease through the combination of intelligent automation and intelligent algorithms. Smart sensors, natural language processing (NLP) and machine learning systems can improve the quality of care provided by early detection of diseases and prevention of complications.

Predictive and individualized treatment is on the rise:

According to a survey of stakeholders in the healthcare industry, more than 87% of executives feel that predictive analytics is vital to their prospects, and 60% estimate that predictive analytics will help them save 15% more of lives in the next five years.

Medical professionals need certainty when treating high-risk patients and emergencies. With AI automation and analytics, healthcare professionals can confirm their decisions with real data and statistics. By integrating and analyzing a patient’s physiological conditions, medical conditions, and adverse reaction history, AI can help physicians more accurately diagnose patients and select treatment options to improve survival.

For example, with the help of MedTech’s predictive service providers, healthcare professionals can predict the risk factor for diseases well in advance. This has aided in the deployment of preventative treatments that help save lives on a larger scale.

The growing importance of data:

Digital technology and data-driven insights and treatments are radically transforming patient care. This new era of care will be revolutionary, not evolutionary. However, we are still in the early stages of this journey, with multiple hurdles to overcome before the promise of digital health can be fully realized.

The Indian market is witnessing the rise of new healthcare technology players keen to secure and speed up the process. Changes in regulatory, financial and delivery systems and expanded access will bring advances in digital health technology and data-driven solutions. Data is increasing in breadth, quantity, volume, and authority. Its availability can be effortlessly leveraged to gain better insight into medical trends and exponentially improve the efficiency of healthcare.

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In conclusion:

Technology has the UNUnique ability to improve patient care while reducing the cost burden. With an ever-growing population, rising costs, and increasing complexities of healthcare management, technology offers a feasible pathway for the healthcare business to achieve exponential development while championing perpetual innovation.

Dr. Charit Bhograj, CEO and Promoter of Tricog Health

(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.)



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