The computer industry is the backbone of almost every developed nation. In the last few years, advanced computers and healthcare have been in constant flux, owing to medical science’s great strides. A lot is going on in the current industry, ranging from a whole generation of small and agile companies competing with large corporations to technological advancements reforming the physical, biological, and digital world.
Are you looking at the current trends and wonder about the future of the computer and healthcare industry? Let’s dive right in to learn more about how the world of medical and computer science will look like.
How will the future be?
The entire computer industry, including the related business sectors, is undergoing a drastic shift. Experts believe that the speed, scale, and scope of change in the health sector are staggering and can transform the industry entirely. If you wonder about the future of the industry, here are a few things you must know:
1. The marvel of Artificial Intelligence
Artificial Intelligence, popularly known as AI, is a machine with a brain of its own. It uses complex mechanisms and algorithms to solve modern-day problems. Artificial intelligence works here by predicting a person’s health complications with their medical background and history. It then derives a plan of action to treat the patient based on the information. More often than not, these outputs come from highly accurate data. It also eliminates any sort of human error and enables doctors to provide better treatment to patients. AI also helps healthcare professionals gather and analyze massive data to predict industry trends better.
AI-as-a-service gained momentum further in 2020, with plenty of professionals using it for accurate diagnosis and treatment. AI is likely to grow at a CAGR of 50.2% by 2025.
2. The health insurance market
A family healthcare plan has become a necessity for almost everyone on this planet. With the quality of life degrading every year, it wouldn’t be far-fetched to conclude that one might never know what health risk they may dive into. People usually purchase health insurance to protect themselves and their families from the dangers of life. With various lucrative offers and government schemes, these plans have become widely frequent.
With technological advancements, the cost of medical expenses has also increased. One can only rely on the insurance that protects them from the terrors of bills and payments. Due to this, the insurance industry was worth USD 1.4 trillion in 2018 and can develop at a CAGR of 4.2 percent between 2019 and 2025.
3. Evolving needs of patients
The needs and demands of the people are also changing over time. The same holds in the case of medicine as well. From demographics like the patient’s age to common diseases that people face each year, the health industry will become dynamic and robust enough to adapt to them. The experts will focus more on finding the root cause of these prevalent health disorders, looking for a long-term solution, and offering better treatment to patients.
4. Focus on team-based healthcare through tech computers
Until now, only a particular doctor or physician attends to their patient. But to provide better care to the patient and prevent the professional from burning out, the team-based healthcare system will become the new norm. That is because of the advanced technologies that computers have presented individuals with. In this concept, multiple healthcare providers will collaborate to share their load and provide the best care. It will lead to a more formalized system in the healthcare sector.
5. 3D printing
Many industries are not adopting the concept of 3-D printing, including the automotive, healthcare, silicon, and even construction industry. It was introduced in the year 1989. Such an industry, however, is benefitting from it in ways that nobody could have imagined. Who would’ve thought back in the previous decade that the technology will create artificial organs, prosthetic structures, and several other implants? This technology has paved out branches for so many different types of surgeries.
The market size of Healthcare 3D Printing was roughly USD 578.0 million in the year 2017 and can witness a 21.2% CAGR from the years 2018 to 2024. It has showcased immense growth because of the spike in demand for personalized implants in the modern world.
The roots of the computer and healthcare industry are deep, and its branches are forming quickly. With the increase in investment and technological advancements, it is safe to say that the health sector’s future holds promising results. There are a few obstacles like outdated government policies, aging populations, and illness trends that impact where healthcare is headed. Once these problems subside, it is a smooth sail for healthcare combined with advanced computer software and advancements.
Featured Image Credits: Pixabay