Digital Healthcare for 2020

Jun 16, 2020
Posted By: admin

Digital Healthcare for 2020 - Medicoreach

Infographic Content:

What is digital healthcare? In a layman language, it is a convenient process of using information technology or electronic communication to deliver healthcare services virtually. It is an innovative method to give convenient treatment to the people in need. In the year 2020, it has gained overnight importance due to the outbreak of pandemic COVID-19. The crisis has impacted the worldwide population. It has changed the way we live day-to-day life. From going to purchase grocery to going to the workplace, everything has come to a standstill. However, the digital healthcare provision has given some relief to those patients who need regular medical attention. Technical platforms like telemedicine, mhealth, and many more have come into existence and played their role on the front foot.

The artificial intelligence (AI)-enabled medical services, and electronic healthcare blockchains are great examples of the transformation that we witness in the year 2020. However, the pharmaceutical industry has been lagging in implementing digital strategies. A recent survey claims, only 7 percent of healthcare and pharmaceutical companies have gone digital, compared to 15 percent of firms in other sectors.

The patient-centric approach versus healthcare sector capabilities.

Image Source: Healthcare trends Graph

Let us have a comprehensive insight into the current status of digital healthcare in 2020:

1. The rise of demand for healthcare

Convenient treatment
Flexible appointments
Hassle-free location
Quick responsiveness

Did you know?
A study claims, “more than 50 percent of web browsing in the world happens on mobile devices.” Therefore, it is becoming a necessity for the healthcare sector to be digitally present.

2. The emergence of big data on healthcare

Aggregation of big data
Low rate of medication errors
Facilitating preventive hacks
A better understanding of the patient

Did you know?
Growth in the digital healthcare sector is expected to rise at a CAGR of 13.4 percent from 2017 to 2025, touching the $536.6 billion by the end of the year 2025.

3. The innovative presence of wearable devices

Heart rate sensor device
Sleep tracking device
Exercise tracking device
Oximeters – monitors oxygen in the blood for respiratory illness

Did you know?
As per a recent report, the wearable medical device market is anticipated to outstretch more than $27 million by 2023. In the year 2017, it was just $8 million.

4. The excellence of AI in the healthcare sector

Robotic assistance to human doctors
Chatbots for immediate healthcare needs
Web bots as a therapist for patients
AI aid medical imaging diagnostics

Did you know?
Artificial intelligence is expected to bring $150 billion dollars in annual savings for the US healthcare sector economy by 2026. Start-ups are giving it a warm welcome too.