Top Six Healthcare Technology Trends for 2024
The healthcare & life science industry stands at the dawn of a new AI-driven era. With the continuous advancements in Generative AI, automation technologies, and IoT, 2024 is expected to unfold a series of groundbreaking trends to redefine healthcare. These Technology trends will not only help healthcare providers create new value propositions to generate revenue streams but also address challenges to be more efficient and provide optimum quality of care.
Let’s dive in to understand what these strategic innovations will bring to the table in 2024.
Trend #1: Generative AI in Healthcare: Shaping a New Era
The global generative AI in healthcare is anticipated to reach $21.74 billion by 2032.
In 2023, Generative AI emerged as a pivotal force in healthcare, improving efficiency, personalization, and advanced care. Looking ahead to 2024, we anticipate innovations like Ambient Digital Scribes and Autonomous Clinical Coding to streamline clinical documentation and reduce burnout. AI-assisted patient care, enhanced medical imaging for precise diagnostics, and virtual primary care are set to boost patient engagement and satisfaction.
Further, advancements in medical literature access, language translation, and patient education will facilitate better information accessibility. Generative AI will also play a crucial role in clinical trial patient selection, administrative tasks, performance analysis, and training through clinical simulations, collectively elevating healthcare quality, efficiency, and education.
Explore use cases of Generative AI in healthcare!
Trend #2: The Future of Computer Vision and AI in Healthcare
Computer vision has the potential to revolutionize healthcare with its ability to speed up medical imaging to detect diseases and abnormalities with 99% accuracy. Most importantly, CV algorithms play a crucial role in cancer diagnosis by discriminating cancerous tissue from healthy tissue imperceptible to the human eye, elevating the patient’s survival rates. Furthermore, it empowers physicians to monitor surgical procedures with advanced sensors and cameras for clear visualizations of internal organs, ensuring the surgical instruments are not left inside the patient.
Midas.ai by iLink Digital, through its cutting-edge computer vision capabilities, excels in real-time video analytics, transforming visual data into actionable insights. Check out its detailed uses here.
Trend #3: The Road to Preventative Healthcare
With the rapid adoption of IoT and AI, we are witnessing the paradigm shift from a reactive to a proactive approach in healthcare, focusing on wellness, immunizations, and fitness. The convergence of AI and IoT is the key driver in this transformation. Predictive analytics can recognize patterns and anomalies by analyzing historical and real-time data generated by IoT devices, offering remote patient monitoring (RPM) insights and enhancing clinical decision-making beyond medical visits.
Preventative healthcare aims to increase our lifespan through early interventions for diseases while reducing healthcare costs. As these technologies evolve, they will undoubtedly significantly impact patient-centric and preventative healthcare.
iLink Digital helped one of the top pet veterinary hospital chains in the United States develop a predictive model for forecasting the demand for doctors needed to treat patients. Read the detailed case study here.
Trend #4: Reshaping The Future of Healthcare with Virtual and Augmented Reality
The global VR and AR in healthcare market size is estimated to reach $25.22 billion by 2030
Virtual and augmented reality are the most evolving technologies that have brought tremendous opportunities to healthcare. VR and AR hold immense medical training and education potential by effectively studying human anatomy and its functions virtually. Likewise, VR can simulate realistic environments that replicate real-life surgical scenarios, allowing surgeons to develop their surgical skills without causing any risk to patients. VR’s immersive and interactive capabilities provide numerous benefits in the healthcare landscape, ranging from diagnostics and self-care to surgical training and pain management.
Trend #5: Digital Twin: The Next Frontier in Healthcare
According to TMR, the digital twin in the healthcare industry will likely be worth over $5.3 billion by the end of 2031.
Healthcare industries are increasingly turning to digital twins, opening new horizons for improved and targeted healthcare. Digital twins are a virtual representation of real-world objects, including patients, tissues, and organs. Digital twins of the human body and organs can be used to simulate patient outcome predictions under various conditions in clinical trials. It provides incredible opportunities in healthcare, such as precision medicine, clinical trial research, drug development, and public health. Integrating all data, models, and information of physical assets helps manage bed shortages, preventing disease progression, staff maintenance, and operation room schedules. Researchers have recently considered the human brain the most complex digital twin.
Trend #6: 3D Bio Printing for Organ Regeneration
According to marketsandmarkets research, the “3D bioprinting market is anticipated to reach $3.3 billion by 2027.
Healthcare providers are increasingly adopting 3D printing to rapidly create customized anatomical models, medical implants, prosthetics, and medical equipment. Patient-specific 3D models have become integral to precision medicine and personalized treatment. These high-resolution 3D models have been extensively used to understand a patient’s anatomy before surgery. It simulates the surgical environment, assisting surgeons in complex surgical procedures and saving time while reducing operation room costs, patient risk, and recovery time.
3D bioprinting has been widely used in various research areas, such as drug development, regenerative medicine, and tissue engineering. This revolutionary technology provides numerous benefits, from constructing living organs to replacing damaged tissues. However, this technology is still in a nascent growth phase, and much research is required for further adoption.
iLink Digital’s Role in the 2024 Digital Transformation Landscape
In 2024, the healthcare industry is set to undergo transformative changes, with major trends emphasizing efficiency and personalized care. Despite the promise of these advancements, challenges like digital literacy, data integrity, and privacy concerns remain critical and must be addressed to ensure equitable benefits for all.
iLink Digital, a leader in digital transformation, steps into the healthcare landscape with a broad spectrum of expertise. With its commitment to innovation and state-of-the-art solutions, iLink Digital is poised to guide healthcare providers in navigating the changes and transforming challenges into opportunities.
We’re eager to partner with forward-thinking entities looking to harness the power of digital transformation in the healthcare industry. We stand ready to shape a future where technology and healthcare converge to create unprecedented possibilities for all.
