The Latest Trends and News Within The Health Technology Space
Health technology is a rapidly evolving field, with innovations and breakthroughs occurring at a constant pace. Keep up with what’s new and learn more about health technology through the lens of a health tech executive.
A $400 billion+ industry primed to solve some of the world’s most pressing issues.
Health technology has been steadily growing over the years, projected to be worth over $500 billion by 2025 according to the World Economic Forum. This growth has been especially noticeable in the wake of COVID, with companies and governments globally concentrating efforts and funding on advancing healthcare.
Advances in healthcare especially have taken great leaps forward, with innovations in AI, robotics, blockchain, and telemedicine making it possible to create solutions that were mere speculation only a decade ago. These are more and more empowering individuals to manage their well-being while enhancing healthcare professionals’ capabilities for proactive and personalized care.
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The Future Of Health Technology
Here’s What To Know About Health Tech
As the execuitve of a health technology startup set to revolutionize the way we treat posture, I make it a priority to stay informed with what’s happening in the industry.
Wearables are a primary driver in personalized health technology
The wearables market is massive, valued at over $12 billion and growing. Wearables users worldwide believe that multiple sensors are key to better personalizing their health needs.
Telehealth is here to stay and changing the industry
The global Covid response was a primary driver of expanding telehealth, now a $130 billion industry. Health technology leaders see this segment as ripe for expansion and innovation and are actively working to provide improved services and solutions to healthcare providers worldwide.
Blockchain is set to be a major disruptor in healthcare
While blockchain is currently lagging behind areas such as AI and wearable technology, it’s a rapidly expanding area of focus for health tech companies. A survey of industry leaders shows that 55% believe blockchain will revolutionize the healthcare industry during the current decade.
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Health Technology FAQ
In the most general sense of the term, healthtech is the aplication of new technologies and skills for the betterment of health care solutions and services.
The field of healthtech is quickly growing, lead by advances in machine learning, AI, and robotics.
As of 2024, the valuation of the healthtech industry is estimated to be over $600 billion globally.
This number is estimated to steadily grow over the remainder of the decade, with an aging global population being a primary driver.
While the question of future trends in healthtech is vast, one of the most important trends will be advancements in personalized health care.
New technology and greater connectivity is expected to drive a greater degree of personalization within the healthcare industry, allowing for providers to tailor more customized solutions for their patients.
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