8 trends that will impact the healthcare industry in 2020

8 trends that will impact the healthcare industry in 2020


healthcare industry

Healthcare Industry is growing at an unexpected rate. Earlier what used to be a traditional industry that only worked around the doctor-patient interaction has now led to the real-time doctor-patient relation without any global boundaries.With the beginning of the New Year let us take a look as to where the healthcare industry is headed and the 8 trends that will impact this industry in 2020.

Artificial Intelligence: 

AI is supposed to have a lot of advantages in the healthcare sector in the current year. It represents several technologies that will be enabling machines to sense, learn, comprehend and act in such a manner that can be used to conduct different healthcare functions. Even the AI inclusion in the mobile app will help the industry grow to over $7 billion in the year 2021.

Funding: 

A report from Lux Research shows an estimation that global healthcare will be increasing to a massive extent and will be reaching at a height of $750 billion globally. This growth will exceed the annual GDP of many countries. It will help in reducing healthcare costs and improve results for patients.

Outsourcing healthcare services: 

Healthcare providers can provide different benefits to their consumers, payers with medical service outsourcing. This will help in reducing medical costs and these cost savings can be re-invested to finance new products and services. Under the increasing pressure of delivering a wide range of services to an ever-increasing patient, outsourcing can act as an escape. This is because outsourcing will help the providers focus more on their core business. 

Big Data: 

Upon various research, researchers have found that the inclusion of Big Data in the healthcare industry will grow almost about $35 billion by the year 2022. Even if the healthcare sector is increasingly using the EHR domain, a number of domain will be immensely benefited from Big Data in 2020. Not only that but it will also play an important trend in mobile healthcare.

Voice Technology: 

The rise of voice technology has helped in making several healthcare mobile app development companies development Health apps. This will help the end-user i.e. the patients to find and zero upon the right doctor on their proximity by providing them a checklist of voice technology-based devices like Google Homes. With the usage of voice technology, the patient-doctor relationship has affected positively.

Telemedicine: 

By covering the gap between patient-doctor, the adoption of telemedicine has increased in the year 2020 as compared to 2019. For this reason, it has made telemedicine a major part of the healthcare trend in 2020. The implementation of telemedicine will have the objective to provide real-time patient-doctor access in a way that prevention can be taken before an emergency occurs.

Robotics: 

Many collaborative robots like da Vinci surgical robots are now assisting humans with different tasks in the operative room. With the tremendous growth that is expected in the healthcare industry in 2020, there is no doubt that the use of robotics in healthcare will continue to conduct various other tasks outside the operative room.

Machine & Computer Vision: 

With the progress in machine vision, computers and machine visions are used in a more number of ways in medicine for diagnosis, surgery, scanning medical images, etc. Machine Vision is helping doctors with patient care. It helps in making doctors decide how much blood a child loses during childbirth and ways in which the same can be prevented to reduce child mortality.

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