Prominent healthcare trends to look out for in 2019
The end of the year has always been the time to consolidate on the milestones achieved and anticipate the upcoming trends that will characterise the coming year. The healthcare industry has achieved many groundbreaking innovations and will continue to do so in 2019. To anticipate the trends for next year, we have took reference from a couple of expert predictions to paint the healthcare landscape of tomorrow.
Trend #1: Big Data systems
With the advent of big data, data analysis can also improve the efficiency within a healthcare organization. It creates new opportunities for health organizations in terms of extracting insights from these massive figures. In 2019, we foresee a high number of specialty-specific analytics solutions gaining prominence among healthcare providers. According to Frost & Sullivan, the healthcare data analytics market will cross $68 billion by 2020.
Trend #2: Artificial Intelligence (AI)
Artificial Intelligence is here to stay, proliferating the healthcare sector. During 2019, AI across clinical and non-clinical use cases will show hard results further bolstering the growth of in healthcare space. According to Forbes, Artificial Intelligence (AI) for healthcare IT Application will cross $1.7 billion by 2019. Given that the usage of data analytics is on the rise, artificial intelligence will play an increasing role in facilitating the collection of data. According to a report by Deloitte, “AI is playing a starring role in IoT because of its ability to quickly wring insights from data. Machine learning, an AI technology, brings the ability to automatically identify pattern and detect anomalies in the data that smart sensors and devices generate.” The powerful combination of AI and IoT technology is helping companies avoid unplanned downtime, increase operating efficiency, enable new products and services, and enhance risk management.
Trend #3: Internet of Medical Things (IoMT)
In recent years, IoT technology has seen significant growth, enhancing inventory and optimizing workflow. According to Frost & Sullivan, it is expected that up to 30 billion IoMT devices will be deployed worldwide by 2020. With the widening reach of IoMT, the IoT healthcare market is expected to expand even further in the coming years. According to MarketWatch, The IOT in Healthcare is expected to exceed more than US$ 158.07 Billion by 2022.
In light of these trends, Xerafy’s RFID technology add value to healthcare organisations, riding on the technological wave that is sweeping the healthcare sector. The Columbia University’s College of Dental Medicine automated its inventory management with Xerafy’s RFID tags, increasing patient safety and reducing instrument loss and misuse.
Looking forward, 2019 will be an exciting year for the healthcare industry as innovations in IoT is set to revolutionise operating workflow processes and inventory management in the healthcare industry.
How do you anticipate IoT to play an increasingly important role in the healthcare sector in 2019? How will Xerafy’s products enable your business to be a game-changer in the healthcare sector? Share with us your thoughts in the comments section below or let us know by emailing us at email@example.com.