Revolutionizing Healthcare - How Technology is Driving the Future of Healthcare Services

Introduction

The healthcare industry is experiencing a significant transformation due to technology. Technological innovations in healthcare have changed how healthcare providers deliver care, manage data, and engage with patients. The healthcare sector is facing challenges, such as an aging population, an increase in chronic diseases, and the need for more efficient and cost-effective care. Technology has the potential to address these challenges by providing solutions that can improve patient outcomes, reduce costs, and increase efficiency. 

According to a report by MarketsandMarkets, the global healthcare IT market is expected to reach $390.7 billion by 2024, growing at a CAGR of 13.8% from 2019 to 2024. 

In this article, we will explore how technology is driving the healthcare sector and how it is transforming healthcare delivery.

Technologies Driving the Healthcare Sector

From electronic health records to telemedicine, advanced medical devices to artificial intelligence, technology is revolutionizing the way healthcare services are delivered, improving patient outcomes, and enhancing the overall efficiency of the healthcare system. We are listing some of the key technologies that are driving the future of healthcare and their impact on the industry.

Artificial Intelligence (AI)

Artificial intelligence is one of the most significant technological advancements in healthcare. AI has the potential to revolutionize healthcare by improving diagnoses, predicting diseases, and developing personalized treatment plans.

According to a report by Accenture, the use of AI in healthcare is projected to save the industry $150 billion annually by 2026. AI can help healthcare providers to identify high-risk patients and develop targeted treatment plans to improve outcomes.

AI is also being used to improve medical imaging. The use of AI algorithms in medical imaging can improve the accuracy of diagnoses and reduce the need for invasive procedures. For example, a study published in the Journal of Digital Imaging found that an AI algorithm was able to diagnose breast cancer from mammography images with 90% accuracy.

Telemedicine

Telemedicine is the use of technology to provide medical services remotely. Telemedicine has the potential to revolutionize healthcare by improving access to care, reducing costs, and improving patient outcomes.

According to a report by Market Research Future, the global telemedicine market is projected to reach $113 billion by 2025. Telemedicine can be used to provide virtual consultations, remote monitoring, and remote diagnoses.

Telemedicine has been particularly useful during the COVID-19 pandemic. According to a survey by Sage Growth Partners, the use of telemedicine in the United States increased by 340% during the pandemic.

Electronic Health Records (EHRs)

Electronic health records (EHRs) are digital records of a patient's medical history, including diagnoses, treatments, and test results. EHRs have revolutionized healthcare by improving the accuracy and accessibility of patient information.

According to a report by the Office of the National Coordinator for Health Information Technology, 98% of hospitals in the United States had adopted EHRs by 2019. EHRs can improve patient outcomes by providing healthcare providers with a complete picture of a patient's medical history.

EHRs can also improve the efficiency of healthcare delivery by reducing paperwork and administrative tasks. According to a study published in Health Affairs, the adoption of EHRs in the United States was associated with a 6% increase in hospital efficiency.

Wearable Technology

Wearable technology has the potential to revolutionize healthcare by providing real-time health data to healthcare providers. Wearable technology, such as smartwatches and fitness trackers, can track a patient's heart rate, blood pressure, and activity levels.

According to a report by Grand View Research, the global wearable medical devices market is projected to reach $67.2 billion by 2027. Wearable technology can be used to monitor chronic conditions such as diabetes and hypertension.

Wearable technology can also be used to improve patient engagement in their healthcare. According to a study published in the Journal of Medical Internet Research, the use of wearable technology was associated with a 37% increase in physical activity in patients with chronic conditions.

Robotic Surgery

Robotic surgery is another technology that is transforming the healthcare industry. Robotic surgical systems allow surgeons to perform minimally invasive surgeries with greater precision and accuracy, reducing the risk of complications and improving patient outcomes. Robotic surgery also allows for faster recovery times and shorter hospital stays.

According to a report by MarketsandMarkets, the global robotic surgery market was valued at $4.9 billion in 2020 and is projected to reach $12.6 billion by 2025, growing at a CAGR of 20.1% from 2020 to 2025. The report cites an increase in demand for minimally invasive surgeries, the need to reduce healthcare costs, and an increase in government funding as drivers of this growth.

Virtual Reality (VR)

Virtual Reality (VR) and Augmented Reality (AR) are transforming healthcare by providing immersive experiences that can help patients better understand their health conditions. VR and AR technologies can be used to simulate medical procedures, providing healthcare providers with a better understanding of a patient's condition. According to a report by Grand View Research, the global virtual reality in healthcare market size was valued at $976.0 million in 2020 and is expected to expand at a CAGR of 30.2% from 2021 to 2028.

VR and AR can also be used to provide patients with a more personalized healthcare experience. For example, VR can be used to provide patients with a virtual tour of a hospital or clinic, helping them become more familiar with the facility before their visit.

Big Data Analytics

Big Data Analytics is another area where technology is revolutionizing healthcare services. Healthcare organizations are using big data analytics to analyze patient data, identify trends, and provide insights for clinical decision-making. Big data analytics is also being used for population health management, disease surveillance, and drug discovery.

According to a report by MarketsandMarkets, the global healthcare analytics market is expected to reach $84.2 billion by 2027, growing at a CAGR of 26.7% from 2020 to 2027. The use of big data analytics in healthcare has led to improved patient outcomes, reduced costs, and increased efficiency.

In addition to the technological innovations mentioned above, software product development service providers such as Fission Labs are also driving the healthcare sector.

Fission Labs Contribution to Improving Healthcare Services

Fission Labs has been contributing to the healthcare sector by developing and delivering custom healthcare applications that address the challenges faced by healthcare providers and patients. We have been working with healthcare providers to develop solutions that improve patient outcomes, reduce costs, and increase efficiency. Our mission is to create transformative solutions that help our clients achieve their business goals while improving the lives of the end-users.

De-Centralized Clinical Research Platform

One of the solutions that we developed for our clients is a de-centralized clinical research platform. Clinical research is an essential component of the healthcare sector that enables the development of new treatments and therapies. However, traditional clinical research methods can be time-consuming, expensive, and may not always yield accurate results.

Our de-centralized clinical research platform uses cutting edge technology to create a secure, transparent, and efficient platform for conducting clinical trials. The platform enables researchers to recruit patients from around the world, collect patient data securely, and conduct trials more efficiently. The platform at present is getting used to support more than 180 decentralized studies with 5000+ clinical trial sites and 300K+ participants.

Real-Time Health Records Monitoring Platform

Another solution that we developed for our clients is a real-time health records monitoring platform for expecting mothers residing in low-level administrative levels. Pregnancy can be a stressful time for mothers, and it is essential to monitor the health of both the mother and the fetus regularly. Our real-time health records analytics platform enables The platform healthcare officials & local leaders to route their aid according to the data & also helps in managing the budget.

The platform uses mobile devices to collect patient data, which is then analyzed by AI algorithms to identify any potential health issues. The platform is currently getting used across 130 countries worldwide, helping 1 Million+ expected mother & infants in getting timely support & aid with the care platform.

Telehealth Platform

Telehealth is another area where Fission Labs has been contributing to the healthcare sector. Telehealth enables patients to receive medical advice and treatment remotely, which can be particularly beneficial for patients who live in remote areas or have mobility issues.

We have been working with healthcare providers to develop telehealth platforms that enable remote consultations between doctors and patients. Our telehealth platforms use video conferencing and other communication technologies to enable doctors to diagnose and treat patients remotely. Our solution has the potential to improve access to healthcare, reduce healthcare costs, and improve patient outcomes.

Pathology & Radiology E-Learning Platform

Finally, Fission Labs has been contributing to the healthcare sector by developing pathology and radiology e-learning platforms. Healthcare professionals need to keep up-to-date with the latest advances in their field, and e-learning platforms provide a convenient way to access training and continuing education.

Our pathology and radiology e-learning platforms provide healthcare professionals with access to the latest research, case studies, and best practices in their field. The platform uses interactive multimedia to engage learners and ensure that they retain the information they learn. The platform is now operating day & day out as an open public library of whole slide images with 125TB of data, 40,000+ users in 180+ countries.

Conclusion

Technology is driving the healthcare sector, transforming how healthcare providers deliver care, manage data, and engage with patients. Electronic Health Records (EHRs), telehealth, artificial intelligence (AI), wearable devices, and VR are just a few examples of the technological innovations that are transforming healthcare delivery. These innovations have the potential to improve patient outcomes, reduce costs, and increase efficiency. As an software product development service provider, Fission Labs is playing a vital role in driving this transformation. We are committed to developing and delivering solutions that help our clients achieve their business goals while improving the lives of the end-users. With our expertise in healthcare technology, we are well-positioned to help healthcare providers navigate the challenges of the 21st century and improve patient outcomes.

Content Credit: Mohit Singh