Emerging Technologies Transforming the Healthcare Industry Outlook in 2021

In this on-demand world, we have instant access to insights, information, and tools to live more efficiently. With the breakthroughs in technology, every industry is transforming at an unparalleled pace, and it is no different for the healthcare sector.

In recent years, emerging technologies have had a profound impact on how the healthcare industry responds to the expectations and needs of the empowered digital citizens. It goes from the disruptive transformation of clinical trials, revolutionizing drug delivery processes, and the advent of telemedicine to manage patients at their place.

Health technology has become more like a necessity, specifically after the Covid-19 pandemic hit the world- with pharma companies that develop health products transforming into a data company, and thereby, a tech company. The emerging technologies can empower healthcare organizations to improve patient health outcomes, be cost-effective and deliver quality care.

Let us walk you through the emerging technologies that are
transforming the healthcare industry in 2021

Artificial Intelligence (AI)

Artificial Intelligence is accelerating healthcare data processing with greater efficiency. Several pharma companies leverage AI and ML algorithms to identify and diagnose health problems, including physical and mental disorders. These algorithms are enabling companies to study test results and draw conclusions with greater ease.

Companies are also utilizing AI to analyze a patient’s Electronic Health Record (EHR) information more efficiently, identify their health problems, and deal with them in a better way. Also, AI is gaining traction for detecting irregularities in MRI and X-ray scans, which can enhance the pathology and radiology fields.

Internet of Medical Things (IoMT)

Another emerging technology shaping the healthcare industry is The Internet of Medical Things (IoMT), a combination of medical devices and applications that can connect different healthcare architectures and systems for efficient working. This promising technology can not only globalize patient records and data but also treatments and medicines. It enables doctors to avail patient data from a central database and ensures that every doctor knows about a patient's history throughout that place.

Robotic Process Automation (RPA)

Companies are leveraging RPA along with other automated technologies in patient matching, greatly reducing the need for manual intervention during patient screening. Intelligent automation enables companies to optimize the clinical study process and accelerate the time it takes for vital drugs to make their way from the laboratory to the pharmacy shelves. RPA is helping pharma companies add value to their clinical trials and roll our drugs at speed.

Blockchain

There is more than blockchain for bitcoin and other cryptocurrencies in the healthcare industry. Blockchain is the digital data storage that creates the transaction ledger, which is transparent and impossible to manipulate. Leveraging blockchain in the healthcare industry ensures that sensitive data and information stays private and safe.

Augmented Reality (AR) and Virtual Reality (VR)

The healthcare industry has started leveraging AR, owing to its powerful capabilities that can improve health, administer vaccines, and help with key outcomes of operations. AR can be utilized to make tasks, such as saving and analyzing patient records and vital signs in real-time while a doctor examines a patient, more efficient. Also, AR can construct live visuals of the internal parts of a patient by leveraging 3D scans and CAT scans. Similarly, VR can also assist organizations in clinician preparation through simulation, patient education, and treatment help.

3D Printing

3D printing continues to create a massive opportunity for the healthcare industry, with multiple areas, such as orthopedics and dental getting benefited from this emerging technology. It is enabling organizations with exciting new ways to provide personalized care and create better-performing medical devices.

The state of emerging technologies in the healthcare industry looks quite promising in 2021. Explore PureSoftware’s digital solutions and service offerings for Healthcare and Life Sciences industry, and we can discuss your requirements. Reach to us now.