If you’re familiar with business technology trends, you may already be aware that the healthcare industry will have an impact on your company.
However, do you know which healthcare technology trends would be there?
Healthcare Sector & Potential Startups are summarized by Innovation Map
As the epidemic enters its third year, healthcare workers throughout the world continue to endure crushing workloads and significant personnel shortages. If we do not rapidly reconsider how and where care is given, the continuous development of chronic illnesses, rising healthcare costs, growing inequality, and climate change will only add to the burden.
In order to conduct this comprehensive study on the top healthcare industry trends and startups, we examined a sample of thousands of scaleups and startups around the globe. Data-driven innovation brains are the output of this write-up, and it enables strategic decision-making by providing an overview of startups and new innovations in the healthcare sector.
For now, client and customer demands for care are changing. Future health systems will need to provide care that is more convenient, scalable, and egalitarian, all while contributing to the preservation of the planet’s health.
In this section, we will highlight the latest healthcare technology trends and how they are playing a vital role in redefining the sector and enhancing the customer experience.
Latest Healthcare Technology Trends for 2023 and Beyond
1. 3d Printing In Healthcare (Newest Health Tech Trends)
3D printing is rapidly approaching a turning point in the healthcare sector. The technology has shown success in improving surgical techniques through the development of organ models, bone and joint implants and precision instruments.
This healhtcare technology trend has shown promising results in supporting surgery, but more research is needed to understand the technology’s full potential for the health market.
According to GlobalData estimates, 3D printing will be a $32bn industry by 2025, rising to more than $60bn by 2030.
By: Siddharth Garg, Founder of Quytech
- Exiom develops Reusable Support Device
Exiom is a firm established in the United States that employs digital and imaging technology to provide tailored fracture and sprain healing treatments. The company creates sanitary, waterproof, breathable, itch-proof, readily detachable, and reusable support equipment that adapts immobilization to the situation of each patient.
The startup’s technology has the crucial advantage of onsite printing in medical settings, which eliminates the cost and effort of recasting using traditional techniques.
- Graft3D assists in Surgery Planning
Graft3D, an Indian MedTech business, offers a solution for surgical planning and execution. It employs radiological-assisted 3D Model (RAM) technology to visualize a patient’s anatomy prior to surgery.
The startup’s Virtual Surgical Platform (VSP) supports surgeons in determining surgical cuts. The business creates patient-specific implants (PSI) based on findings from approximately 100 consecutive case studies on complicated operations. It employs a haptic apparatus that enables clinicians or doctors to detect bone integrity.
2. Big Data & Analytics to provide insight into clinical data
Big data analytics can provide insights into clinical data thus facilitating informed decision-making regarding diagnosis and treatment of patients, prevention of diseases or others.
Benefits of Big Data in Healthcare
Create a holistic, 360-degree view of consumers, patients, and physicians. Improve care personalization and efficiency with comprehensive patient profiles. Identify geographic markets with a high potential for growth.
- InnVentis manages Chronic Inflammatory Diseases
Big data and machine learning are used by the Israeli startup InnVentis to develop diagnostic, monitoring, and therapeutic solutions for the most common chronic inflammatory disorders. The startup’s system includes high-quality data with cutting-edge algorithms to produce insights that may be used for inflammatory disease diagnosis and disease/health management.
The firm additionally offers goods and services for finding treatments for rheumatoid arthritis (RA). The business intends to expand its platform to include other inflammatory diseases like colitis, asthma, and multiple sclerosis.
3. Artificial Intelligence for enhance preventive care
Over the past few years, artificial intelligence (AI) technology has evolved quickly, and in 2023, it will continue to increase in accordance with market requirements. Although there are many businesses that benefit using AI, the medical field primarily employs it for precise illness detection and treatment. For instance, we are a mobile app development company specialized in developing AI-based healthcare applications (including custom medical software solutions).
- Ai in diagnosis & drug development
- Ai in mental health
- Ai improves cancer diagnostics
- Ai based chatbots
So, let’s just begin by evaluating the benefits AI can provide the healthcare sector and related industries, as well as how it might develop into a major healthtech trend.
- Care AI offers Autonomous Patient Monitoring
A US-based firm called Care AI provides an AI-driven platform for autonomous patient monitoring. The platform of the startup links to the exclusive edge sensors and converts common spaces into Self-Aware Rooms.
The system raises the clinical utility and standard of healthcare by lowering clinical errors and promoting patient health. It can be used to evaluate hand cleanliness, keep an eye on patients while they’re in bed to ensure safety, and predict the possibility of developing risks like pressure ulcers and tremors.
- Ligence develops an Image Analysis tool
Innovative Lithuanian health technology company Liggence focuses on creating tools for assessing and diagnosing cardiac risk. Heart ultrasound image analysis tool CardioEchoAI is one of the apps they developed.
By simulating the actions taken by a cardiologist during a typical cardiac ultrasound examination (TTE), this tool expedites the study of 2D transthoracic echocardiography. By reducing examination times from 30 to 5, the startup’s automated heart ultrasound imaging methodology also boosts accuracy and diagnostic capability.
4. Internet of Medical Things
The IoMT, a subset of IoT technologies, is made up of networked equipment and software systems used in health- care technical resources. By exchanging data across a secure network, IoMT devices link patients, clinicians, and medical equipment such as hospital equipment, diagnostic tools, and wearable technology.
Similar to traditional IoT devices, IoMT, uses automation, monitoring, and machine-based cognition to reduce the need for human engagement during routine monitoring activities and clinical treatments. IoMT lessens the need for pointless doctor’s offices and hospital trips by giving patients and providers improved access to a patient’s medical information. Expenses for both patients and providers are reduced through IoMT.
- Uventions provides Automated Disinfection
Solutions for automated surface and infrastructure sanitation have been developed by German startup Uventions. The start-up provides a variety of items to clean door handles, objects, surfaces, and railings as well as the air in the space.
Hospitals, clinics, workplaces, airlines, hotels, and even cruise ships can easily implement these technologies. The device uses ultraviolet C (UV-C) light radiation to automatically disinfect when it detects the use of a door handle or the presence of individuals in a room. The solution records the disinfection procedure and demonstrates it on a dashboard in no-time.
- Tredomo offers a Dose Monitoring device
They are creating a transportable IoMT gadget for dosage control in collaboration with the American firm Tredomo. The remote, incorporated dosage monitoring system will provide timely delivery of a valid and controlled functional dose with intelligent discarding. Additionally, the device regularly checks the status of each fresh dose, disposable sharps, internal and external temperatures, battery life, performance evaluations, and other things.
- MediChain enables secure Medical Data Exchange
A British firm called MediChain is providing a decentralized platform for the safe, quick, and open use of medical data. The business securely stores medical records using blockchain technology.
Besides record keeping on the shared database, it gives doctors, hospitals, laboratories, pharmacies, and health insurance companies access to a patient’s medical information.
5. Blockchain
Blockchain is suitable for a range of clinical applications because of its anonymity and accountability. Digital medical records, remote patients, pharmaceutical supply networks, and health insurance claims are a few of them.
The Blockchain development system includes both EHR management and FHIRChain for healthcare exchange data. It is also necessary for a consensus mechanism, stopping the falsification of prescription drugs, and storing, transferring, and accessing electronically collected genomic samples.
- Blockpharma enables Drug Traceability
A French business called Blockpharma creates anti-counterfeiting and medicine tracking systems based on the blockchain. The Blockpharma app enables customers to quickly verify the legitimacy of the medicine package.
BlockPharma holds authenticated data on medications kept on Crystalchain, the startup’s private blockchain, and interfaces with several information platforms. When a lab discovers a fake pharmaceutical, it instantly notifies BlockPharma, which then adds the drug to its warning list.
- Iryo Moshi provides a Practice Management tool
A contemporary practice management application is offered by the Slovenian company Iryo Moshi to private healthcare professionals. The company offers a comprehensive digital healthcare platform that focuses on blockchain, connectivity, open EMR, and customer relationship management (CRM) fields.
The platform offers automated appointments, billing, storage and monitoring of clinical data, as well as electronic papers and forms. The solution is cloud-connected and conforms mostly with the General Data Protection Regulation (GDPR) and HIPAA.
6. Genomics
There have been significant recent attempts to create genomics tools for a variety of uses. The execution of established communication and practical advice that a genetic test may offer to patients would be ensured by physicians through the inclusion of both genomic information and genomic procedures into already used clinical workflows.
The emergence of genomics discoveries has made the new field of customized medicine conceivable. Gene therapy and biomarker treatment approaches have revolutionized clinical medicine and specialized care for a number of significant unmet needs.
- Allelica performs Genetic Risk Prediction
An Italian company called Allelica forecasts human features and illnesses using genetic information. Depending on genetic risk scores, the startup’s unique technology provides genomic risk predictions (PRSs).
Precision medicine applications using Allelica’s technologies accelerate clinical genomics using machine learning techniques. The startup’s services identify people who are hidden by conventional risk models yet have a high genetic risk of developing cancer and cardiovascular disease.
- Phosphorus provides At-Home Genetic Testing
A US-based firm called Phosphorous is working on the genetic test. The company’s test, PhosphorusONE, analyzes saliva samples to identify illnesses brought on by several genes.
The complete test also analyses 375 distinct genes using next-generation gene-sequencing technologies. It calculates the likelihood of contracting a variety of illnesses, such as hereditary malignancies, infertility, bad medication responses, neurological diseases, and eyesight loss.
7. Immersive Technology (AR/VR/MR)
The healthcare industry is increasingly utilizing immersive technologies like AR/VR and MR. VR has a wide range of uses in healthcare, including assisting in cognitive function rehabilitation as well as exposure treatment and rehabilitation therapy for anxiety disorders.
Additionally, AR and VR are crucial in the field of medical education. The surgery uses immersive technology as well, such as the intraoperative projection of patient data, holographic pictures, and scans.
- VRSANO develops a Brain-Computer Interface
VRSANO is a MedTech firm located in the United States that is developing a brain-computer interface. To improve health results, their technology integrates VR, neurofeedback, and clinical hypnosis concepts.
The startup’s proprietary technology relaxes medical patients by immersing them in a soothing virtual environment. It creates a psychophysiological condition that aids patients’ mental health demands. In addition to easing stress and reducing long-term clinical outcomes, the technique lowers the cost of healthcare.
- Rescape Innovation supports Patient Care
Rescape Innovation, a British firm, creates immersive technology to enhance patient safety in both youngsters and adults. The business specializes in virtual reality (VR) diversion therapy to assist patients in managing their discomfort, stress, and tension.
The solution allows cystic fibrosis (CF) sufferers to watch therapeutic films in which they may journey across the solar system and experience surfing, skydiving, as well as other adrenaline-fueled sports. Patients’ anxiety is reduced by the startup’s treatments.
8. Cloud Computing
With the assistance of telehealth and remote monitoring, cloud computing allows doctors to develop better patient journeys. It does away with the necessity for on-premise storage and increases storage capacity and processing capability for data analytics.
Cloud solutions integrate connectivity, encryption, invoicing, tracking, and warnings with accessibility and identity authentication. Besides, it offers data interoperability, creative data potential, data backup and retrieval, data storage and oversight, and more.
- Radmol AI improves Access to Healthcare
Radmol AI, an Irish firm, makes use of the most recent developments in blockchain, data analytics, cloud computing, and AI-based technologies. It offers a platform for linking patients and healthcare professionals with on-demand access to local and international expert radiologists.
The startup’s technology makes it possible to view reports whenever and wherever you are. It develops solutions that empower patients, doctors, and providers while democratizing access to healthcare.
- Modified offers Mental Health Monitoring
The Finnish business Modified offers dynamic psychological health monitoring software that is cloud-based. The software as a service (SaaS) platform supports clinicians in monitoring the patient in real-time, enabling patients to obtain the proper therapy faster and more efficiently.
With the use of an interactive dashboard, the program analyses clinical data and offers insightful clinical information, allowing digital, remote healthcare services. It enables people to document and share their daily mood and well-being in order to give medical practitioners real-time information about their own self-care.
9. Mobile Health (mHealth)
mHealth technologies use digital solutions and linked devices to enable access to tailored information. Mobile gadgets make it possible to visualize health conditions that hinder patients from committing.
Smartphone-linked wearable technologies, moment-in-time healthcare equipment, and medical-grade imaging, which are not confined by geographical limits and use real-time data streams, make the health system more equal and accessible.
Furthermore, by providing contact monitoring, observation, isolation and management, screening, and distribution of pertinent information, as well as vaccination cycle tracking and notification, mHealth technologies played a crucial role in preventing the dissemination of the COVID-19 pandemic.
- M4Life develops Blockchain-based mHealth platform
M4Life is an Israeli company that is creating a mobile health platform. M4Life simplifies and smooths the patient/caregiver connection while providing information traceability within the mHealth care chain.
To distribute prescriptions, diagnostic pictures, medical certifications, and patient permission, the startup’s platform employs a blockchain-based architecture. It also has a telecommunication interface for interaction between patients and their physicians.
- Knodd provides E-Consultation services
Knodd, a Swedish firm, offers an e-consultation platform with doctors. The platform of the firm provides free video conversations to professional pediatric nurses and pediatricians with more than five years of overall experience, offering safe answers concerning children’s health in minutes from anywhere. The site also offers digital parenthood and free childcare training.
Final Thoughts
To sum up, our selection of the latest healthcare trends for 2023 -2024 and even afterward is now complete.
Only a small portion of the trends we discovered throughout our in-depth study are included in the Healthcare Sector Trends and Startups section of this report.
Automation, 5G, and regenerative medicine treatment are just a few of the technologies that will change the industry as we know it.
Developing a competitive lead requires early adoption of new prospects and developing technology into your firm. Get in touch with top healthcare app development company like us to quickly and thoroughly research the companies and technologies that are important to you.
Healthcare professionals and health insurers are being forced to innovate by unbundled competition. Technology (such as mechanization, business intelligence, and EHR) gives consumers more control while streamlining the supply chains for medical devices and enhancing the productivity of healthcare workers.
Nobody can predict in detail what the future will entail.
However, firms in the healthcare sector that bet on these trends are going to be in a good position to prosper as the sector develops.