The healthcare industry continues to evolve. Every year, major groundbreaking discoveries are made in the healthcare industry. New discoveries that have changed the industry have been made in the last 25 years. With innovation leading the way, the health sector has indeed become one that is evolving at a faster rate than many other sectors. While there are many challenges still, it is important to take note of the big changes that have taken place in the industry. Here is a list of some of the biggest changes that have happened in the health realm in the last 25 years.
There have been many great improvements in the health sector that have allowed people to live longer and healthier. This and many other factors have led to higher demand for health services. Doctors are now time-strapped more than ever before. Healthcare policies have also changed to where the services are extended to all members of the population. This change, however, has also been due to a rise in the use of technology. Nowadays, doctors are not needed in most of the smaller issues where technology can solve the issues.
Another major change that has been seen in the healthcare sector is the increase in collaborations between different medical networks. Because of technology, it is now possible for both private and public practitioners in the sector to share data and other kinds of resources. This has made it possible for the most equipped networks to take care of administrative issues while the less equipped deal with the patients in a more direct manner. Such changes have made services in the health sector to be more efficient.
Technology has impacted the health sector in the same way that it has affected other industries. Statistics show that 71% of healthcare providers now use telehealth tools. Nowadays, it is possible for a patient to access services from an online medical portal without ever having to leave their house. This kind of convenience has made most people more reluctant to visit actual health centers. The rise in technology has also impacted the business part of the health industry where healthcare stocks are now very attractive in the market. The many different companies that are supporting automation, technology, and innovation have great prospects and investors are putting their money on such ventures.
Because of the advances in telehealth and the general information infrastructure, patients are also more knowledgeable about diseases. For the past 25 years, the internet has grown into a network that is accessible by all people at any time. There are also healthcare wearables that give all patients information about their health status in real-time. Such changes were unheard of 25 years ago. Technology has made it possible for the data to be collected and shared among all those who need it in the healthcare realm. In overall, the burden that was previously placed on healthcare centers and professionals is now lesser.
Another major development that has characterized the healthcare world is the breakthrough in gene therapy, gene sequencing and general research in the DNA realm. Some of the toughest diseases of the current time are now being analyzed by advanced gene technologies that study the cell in a remarkable manner. Mutations and other kinds of gene processes are much more understood. The genome research projects that have been launched around the world are continuing to give professionals in the medical world more insight into how future solutions will look like in the healthcare realm.
Finally, artificial intelligence has gained ground in the health sector. It is projected that AI applications will help make up to $150 billion in US healthcare by 2026. There are many ways in which AI is being used to collect, analyze and make sense of data in the health sector. Because of AI, it is now possible to tailor solutions for individual cases. This has made healthcare a more personalized affair. The great thing is that most major companies in the tech world are not shy when it comes to venturing into the medical world. Big names like Apple have already announced their presence in the healthcare industry by launching healthcare smart gadgets and also by investing in telehealth in general.