Assessing The Growth In Healthcare Technology In 2022
healthcaretechoutlook

Assessing The Growth In Healthcare Technology In 2022

Healthcare Tech Outlook | Wednesday, September 07, 2022

A trend in healthcare isn't new since the healthcare industry is consolidating rapidly due to technological advancements.

FREMONT, CA: Healthcare is a crucial and dynamic industry. It is one of those industries rife with new prospects and innovations because of the continual desire for innovation, improvement in its outcomes, quality, accessibility, and affordability.

There has been a transition from leveraging technology for advanced specialized treatment to enabling prevention and primary care, such as wearable devices that track patient data remotely.

Businesses in the healthcare sector have experienced digital revolutions in recent years to better adapt to the present environment. This has significantly expanded the range of technologically-driven healthcare options.

Several current and emerging technologies will have a beneficial future impact on the healthcare industry. Healthcare professionals and organizations benefit greatly from artificial intelligence, machine learning, virtual reality, augmented reality, and wearable technology.

Digital Health to the Rescue

Digital health is constantly gaining prominence in daily life, making it a valuable tool for 2022 medical device developments.

The global digital health market was $96.5 billion in 2020 and will expand at a compound annual growth rate (CAGR) of 15.1 percent between 2021 and 2028.

The global market for wearable sensors is projected to increase at a CAGR of 29.3 percent between 2021 and 2028, from USD 660.89 million in 2020 to USD 5,208.05 million in 2028.

Wearables and intelligent gadgets can monitor patients' every activity, including sleep patterns, heart rate, calorie intake, and exercise duration. This can assist caregivers in comprehensively understanding the patient's condition and modifying their care accordingly.

For instance, wearable gadgets can detect and alert physicians about a patient's abnormal electrocardiography pattern, reducing the risk of more severe diseases.

The combination of these digital medical devices, such as wearables, health sensors, and trackers, with the Internet of Things, enables patients to examine their data on their own devices.

They have enabled the systematic advancement of individualized healthcare and will continue to be a key component of 2022's medical device trends.

Data Science and Predictive Analytics Enhancement

The market for healthcare predictive analytics is projected to increase from $3.74 billion in 2019 to $28.77 billion in 2027.

The data from chronically ill patients is difficult to compress. Notwithstanding, significant advancements in data science and predictive analysis have provided clinicians with access to deeper insights, such as obtaining information on ancestry and family history and identifying high-risk patients to diagnose diseases efficiently.

Cybersecurity's Complexity

The Cybersecurity Mesh operates on a zero-trust network model. It emphasizes that no device should be trusted and allowed access to the larger network. Previously, Perimeter-focused security determined that more than 34 percent of data was accessible to network leaks and breaches. The Cybersecurity mesh is expected to improve cyber security for many businesses. According to some research, this security design might reduce the financial effect of a security incident by 90 percent.

Blockchain

Every time a connected device is involved in a transaction, the blockchain system will generate identical blocks. When data on one computer is accessed, modified, shared, or otherwise processed, a block is created on all devices to store the data locally.

From 2021 to 2028, the global market for blockchain technology in healthcare will expand at a CAGR of 21.70 percent.

The inability to securely communicate and access sensitive patient data has caused significant harm to the medical industry. For true interoperability, however, blockchain will allow a highly flexible openness while adhering to the most stringent security standards.

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