Amid enormous challenges facing every facet of healthcare, the industry has still witnessed a massive wave in terms of investment, innovations, and new entrants from technology, telecommunication, and consumer industries. Even though recent years have seen unusually turbulence in the healthcare sector can be matched to this year. According to research, about $44 billion has already globally been allocated to the health sector. This is twice the net spend of last year in the same sector.
Yes, of course, more of this can be attributed to the pandemic, with numerous steps taken to mitigate its impacts and create a positive change. The COVID-19 crisis showed the importance of strong patient care facilities, machine-to-machine communications, improved patient diagnosis methods, and a productive and effective patient treatment facility. It showed how easily the health system buckled in the presence of the health crisis and the importance of technology as an equalizer, therefore, calling for improvements across all sectors, especially in drug production and delivery facilities.
The stretched healthcare systems have opened people’s eyes to the importance of digital-enabled care, which is crucial in serving patients from their homes or communities. This has been the sole focus of the health sector this year, seeing an acceleration in the shift of medical care from hospitals to homes through the integration of methods of engaging patients through digital mobile platforms.
There are also some signs of disruptions that are yet to be witnessed. For instance, it’s been confirmed that 80 percent of investors in the US are planning to invest in various healthcare sectors such as artificial intelligence, digital health, machine learning, and tools for clinical staff support.
However, it’s key to note that the effects of the pandemic are far from over since its effects will continue affecting medical care settings for the foreseeable future, thus shaping major decisions in this industry. Therefore, the work to be witnessed in the health sector for the rest of this year will involve extended realities for clinical training and treatments, machine learning, digital twins, which involves the creation of models using real-world data, and more production of personalized products medicine. All the above will mainly be geared towards eliminating the pandemic’s disruptions.
