Big data in healthcare takes information from a wide variety of sources such as patient medical records, hospital records, medical exam results, and information collected by healthcare equipment to predict future trends. This can be enormously helpful in preventative medicine, hospital staffing accuracy and error recognition. And, because the healthcare sector is constantly changing, it can be used to predict market trends in developing new products, which reduces costs for pharmaceutical companies.
Virtual Reality (VR) Treatments
Virtual Reality is no longer limited to gaming and gimmicks. Studies show it can be used to reduce chronic pain, treat anxiety, ease PTSD, and help recover from strokes, without the use of drugs.
It can also be used by healthcare professionals to test their skills or plan complex surgery procedures in a safe but realistic virtual environment, before doing the real thing. According to Grand View Research, the global VR healthcare market is expected to top $9.5 billion by 2028.
Artificial Intelligence (AI) and Machine Learning (ML)
The use of AI and ML is perhaps one of the most transformative technologies on this list, as the use cases in healthcare are endless. Tractica forecasts that global healthcare AI spending is expected to increase to $34 billion by 2025. One of these applications is in the use of AI powered chatbots to answer patient queries and perform basic therapy. The global healthcare chatbots market is projected to reach $314.3 million by 2023.
In my opinion, the most incredible innovation starting to be used right now is in the field of medical imaging and oncology. ML can be trained to detect the smallest cancers and then suggest the best combination of treatments tailored to the specific patient.
Since the introduction of Bitcoin in 2011, the use of blockchain to store digital records and transactions has increased exponentially. Very briefly, a blockchain is a digital ledger that records information. Instead of being controlled by individuals or companies, which can be a security risk, each record is checked by everyone else on the network, making it decentralised.
Cybersecurity with digital health must be taken very seriously. Blockchain technology could store medical records in a secure manner, potentially cutting costs and improving their accuracy. As each transaction is independently verified, human errors arising from duplicating data would be all but eradicated. The information would also be owned by the patient, who would be able to grant permissions to specific healthcare workers, reducing the likelihood of data breaches.
In conclusion, as you can see, there are so many new and exciting emerging healthcare technologies. It is important to keep updated and be adaptive in approach to remain competitive. If you would like to discuss this topic further or require assistance with your new product or medical device development project, please get in touch with the team at Haughton Design.