2020 or ‘the year of pandemic’ has been remarkable in terms of the scale and the extent to which change is taking place all around us, across every industry, region, and organization. For many, the change was already in the pipeline, which was simply accelerated due to the unprecedented [...]
We are in the middle of a global humanitarian crisis. Global issues like the COVID-19 pandemic necessitates a strong and collaborative fight worldwide. As the pandemic poses one of the greatest challenges to the humankind, while weakening the healthcare systems, it is becoming increasingly important to address and resolve the issue quickly [...]
The healthcare industry is going through a disruptive phase. IoT and IoMT have opened new avenues for the sector which is now focusing on developing its remote patient monitoring and care capabilities. The global IoT healthcare market is expected to reach $188 billion by 2024, growing at a CAGR of 27.6%. Combined with Artificial Intelligence, IoMT devices are making healthcare accessible and affordable to all. [...]
Investments in pharmaceuticals sector have always been a risky affair. The high chances of failures and lower chances of good returns make good reasons for this. If we look at the numbers, as per a report, the R&D returns for twelve large-cap biopharma companies have decreased to 1.9% in [...]
“Technology-driven innovation holds the potential to improve our understanding of patients, enable the delivery of more convenient, individualized care—and create $350 billion to $410 billion in annual value by 2025”, predicts McKinsey. In the past one decade, there has been more than 180% rise in health tech and digital health investments and over [...]
The rising cost of patient care have resulted in the emergence of consumerism in healthcare. Today, patients expect a retail-like experience from their healthcare providers in exchange of the dollar bills they are spending. With this rapidly growing consumerism mindset of patients, the care providers must shift their care-delivery strategy [...]
The healthcare sector by far remains one of the busiest and life-critical sectors to work for. It’s certainly not by choice, but by force, that the practitioners in this segment have to consider innovative measures to ensure customer convenience, security of data, and ease of operations. Electronic Health Record [...]
Intending to address issues related to the safety of Medical devices, the Food and Drug Administration (FDA) has announced plans to propose new frameworks to protect consumers and enhance medical device cybersecurity. It has released the Medical Device Safety Action Plan: Protecting Patients, Promoting Public Health, which outlines how [...]
Healthcare IT is growing consistently for some obvious and essential reasons. It has been perceived and regarded as a segment that will reassure and empower the future of human existence. This infographic focuses on the expanse of the Healthcare IT sector and presents various facets that can impact the [...]
