By 2022, the global spend on healthcare is expected to rise to $10,059. This figure continues a trend of growth with the figure increasing every year, speeding up in recent years. In fact, between 2013-2017, the figure rose by 2.9% and it is predicted to rise to 5.4%.
One look at those figures shows that healthcare is an important industry. It is an industry free from the worry of the peaks and troughs other businesses experience. As the population grows and ages, challenges within the healthcare industry are becoming more apparent. With these problems comes the need to find innovative ways to tackle them. Luckily, many in the industry has been finding ways to do just that.
In the past, we’ve looked at how new technology has helped the building industry. In this post, we’re going to be looking at how new technology is helping healthcare.
Challenges to improve quality, reduce harm and lower costs are the focus of many innovators looking to develop new products. New technology is being introduced constantly to help the healthcare industry continue treating patients to the best of its abilities.
From AI to Nanotech, what are the new technologies helping the healthcare industry grow?
- Artificial Intelligence
Artificial Intelligence is just one new technology that’s transforming healthcare. With a rising population, the need to meet demand for patient care can put a strain on resources. AI could show promising in helping diagnose and treat patients, increasing patient care and lowering costs.
- Smart Technology
Smart technology is growing in popularity across industries. In healthcare specifically, it is showing to be an important technology to help with treatment and diagnostics. From smart watches that can monitor heart rate to using spatial perception technology to look after those with dementia. Smart technology is going far in helping the industry look after its patients with improved treatment and care.
Nanotech is proving to be another promising technology to boost the healthcare sector. With Nanotech, therapeutics can become more efficient at current doses as well as lowering the necessary doses (therefore decreasing both toxicity and cost) and allowing for new approaches.
All of these new technologies are providing innovative ideas to help the healthcare industry grow and provide for the ever-increasing population.
Here at Nexus IE, we have experience in helping new, innovative ideas. We’ve worked with those in the healthcare business to create new ideas and bring them to market.
From helping Asymptote meet a growing demand for VIA Freeze Freezersto developing a Catheter Coating Test System for BioInteractions, we know how important new ideas are to improving the healthcare industry.
Supporting innovative ideas is what is important to us at Nexus IE.
Nexus IE can provide you the support and resources you need to take your product to market. The support we offer will help you through every stage of product development and help you get your new product idea to market.
As the population continues growing, so will healthcare and, in the midst of Industry 4.0, the future for the industry looks innovative and promising.