Technological Advancements are Transforming the Healthcare Sector

The healthcare industry is seeing and, will experience big changes in the years ahead. New tech minds in the market, more technologies in smartphone and wearables space, the introduction of the Affordable Care Act–these could all have a wide influence, transforming a sector that hasn’t always moved quickly.

Wearable Tracking Devices

Patients with a serious illness can wear a tracking device at home, and it can notify the hospital of any bad signs. This is beneficial to the patient because it prevents the stress of returning to the hospital and reducing unnecessary hospital admissions saves money for everyone involved.

Augmented and Virtual Reality

The augmented and virtual reality in healthcare market was valued at USD 504.5 Million in 2016 and is expected to reach USD 4,997.9 Million by 2023, at a CAGR of 36.6% during the forecast period. The base year considered for this study is 2016, and the forecast period considered is between 2017 and 2023. (MarketsandMarkets). These trends will help in Surgery, Fitness Management, Patient Care Management and Pharmacy Management etc.

Patient-Centered Care

A significant change in the healthcare industry’s approach to providing care is underway—putting the patient at the center of care. The goal is to improve patient satisfaction scores and engagement. But, this is new territory, and the industry as a whole is just starting to look into ways to engage with patients outside of a traditional office visit.

Some of the key trends will be discussed at 2nd IoT, Big Data Healthcare Summit Western Canada taking place on November 28-29, 2017 in Vancouver, BC. This is the 4th conference in a series of highly successful healthcare summits. Visit the conference website for more information and to download the brochure. Please note: Registration ends this week, so register now to be part of this conference!

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