Imagine being a patient in the early 19th century, when all ailments were considered “humors” to be ejected from the body. To restore balance, various techniques such as diets, natural herbs, or bloodletting with leeches were used – the only “technology” available at the time.
Even when the basic structure of modern medicine came into place, the average life expectancy was just 34 years old in 1913. A patient from that era would surely be amazed by the leaps and bounds that healthcare has undergone since then, thanks to the influence of technology.
The Healthtech Revolution
Today’s infographic dives into some of the technological advances that are pushing the boundaries of modern healthcare, and what this could mean for the sector.
What is Healthtech?
Healthcare technology, or healthtech, is the use of technology to better treat patients. Many such inventions have been credited for saving countless human lives since the 1800s.
Medicines, devices, procedures, and even organizational systems contribute to expanding life expectancy and improvements in quality of life.
From Fiction to Reality
Breakthroughs such as robotic arms, 3D bio-printed organs, and virtual reality for pain relief are being developed in the medical sector, drawing influences from the big screen.
Technologies that were once the staple of science fiction movies are rapidly becoming realities.
— Jeroen Tas, Chief Innovation Officer, Philips
But there’s a less tactile application of technology from science fiction that will arguably have an even bigger impact on healthcare: artificial intelligence (AI).
By recognizing patterns in behavior and creating their own logic, machine learning algorithms are set to transform various aspects of healthcare ranging from the automation of mundane tasks to the creation of entirely new drugs.
Healthcare at our Fingertips
Healthcare is also getting more mobile and connected, putting the Internet of Things (IoT) and mobile health (mHealth) at center stage as sources of potential disruption.
These technologies can help in everything from offering patients a convenient way to book appointments and pay bills online, to allowing doctors to use electronic health records to access and share information.
Wearable devices and smartphone apps are spiking in adoption as they unlock the option to monitor and manage individual health anytime, anywhere. This is creating an explosion in personal health data, which consumers are willing to share with their doctor if it will benefit them or others.
The Coming Healthtech Boom
Artificial intelligence, IoT, and mHealth are contributing to rapidly expanding healthtech sector, and each are expected to experience rapid growth by 2025:
|Healthcare segment||Current*||Projected (2025E)||CAGR|
|Artificial Intelligence||$2.1 billion||$36.1 billion||50.2%|
|Global IoT||$120.2 billion||$543.3 billion||20.2%|
|Global mHealth||$4.16 billion||$111.8 billion||44.2%|
*2018E for AI, 2017 for IoT, 2016 for mHealth.
While healthtech won’t replace your doctor anytime soon, but it will certainly change your experience with healthcare – both on the front-end and behind the scenes.
News This Week
A research team in Hungary pinched the coronavirus with a fine needle to measure how much force it could take before popping like a balloon. It did not. The native virion of Sars-CoV-2 – a [...]
Headaches, confusion and delirium experienced by some Covid-19 patients could be the result of the coronavirus directly invading the brain, according to a study published Wednesday. The research is still preliminary – but offers several [...]
By Boris M | Published in Coronavirus During the COVID-19 pandemic, there will be a lot of information about the virus and its effects on mental health. That’s because coronavirus and the social, financial and psychological [...]
A serious illness suffered by an Oxford University coronavirus vaccine trial participant was most likely “life-threatening”, a bioethics researcher says. But that doesn’t mean the clinical trials will be scrapped. AstraZeneca and Oxford University [...]
Analysis of seven trials finds dexamethasone and hydrocortisone should be given in severe cases. Studies around the world have confirmed that steroids can save lives in the Covid-19 pandemic, leading to new recommendations from [...]
Experts say strong evidence of efficacy needed to avoid approval of inferior vaccines. The rush to immunise populations against Covid-19 could lead to the rollout of a vaccine that is not very effective and [...]
The COVID-19 pandemic has dominated the news cycle for the better part of 2020. As guidelines are continually updated to reflect changes in our understanding of how the virus spreads, it is critical people [...]
Scientists in Hong Kong have reported the first confirmed case of reinfection with the coronavirus that causes Covid-19, reportedly backed up by genetic sequences of the two episodes of the 33-year-old man’s infections in March and [...]
Could uncomfortable nasal swabs be swapped for a contactless two-second breathalyzer puff to check for Covid-19 infection? Prof. Hossam Haick thinks so. Haick, a professor of chemical engineering and nanotechnology at the Technion – [...]
The relationship between antibodies for the novel coronavirus (SARS-CoV-2) and immunity, vaccine efficacy, and spread of COVID-19 has received significant attention. Dr. Seheult is back to illustrate why T cells have received less [...]
Images Description Three individuals were admitted to the hospital (ages 46–56; to men and one woman) with a multiday history of symptoms associated with the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) and underwent [...]
Study of nose and throat reveals why people with COVID-19 may lose their sense of smell Researchers studying tissue removed from patients' noses during surgery believe they may have discovered the reason why so [...]
Researchers around the world are racing to develop a vaccine against Covid-19, with more than 170 candidate vaccines now tracked by the World Health Organization (WHO). Vaccines normally require years of testing and additional time to [...]