Healthcare is no stranger to innovation
Healthtech is a broad sector, connecting providers, payers, and health professionals with emerging tech — and promising to touch every human life for the better.
Indeed, we might just look back on the COVID-19 pandemic as a tipping point for the industry: a moment when urgency, innovation, and investment thrust healthtech into new territory.
Now, health management extends far beyond the hospital. It’s a digitally-enabled dialogue between practitioners and patients, across time zones and devices.
In an industry with so many competing directives — regulatory compliance, sensitive data, patient health and wellbeing, stakeholders with disparate priorities — it’s crucial to build software that recognizes the nuances and challenges of healthtech today.
So what’s the prognosis for healthtech? Our comprehensive guide explores how technical innovations are taking on the sector’s challenges and laying the foundation for the interconnected, data-driven care management of tomorrow.
There’s no better place to start than a check-up. We break down the statistics, trends, and market forces shaping the medical devices software industry, complete with expert analysis for a comprehensive overview of the healthtech landscape. Look to our statistics report for an informed look at the industry’s vital signs and long-term prognosis.
From EKG to IoT
Today, wearable medical devices, automated healthcare workflows, and other technological innovations are pushing the industry forward.
Telehealth has been on the rise for years, but the global COVID-19 pandemic resulted in a massive spike in demand for remote medical services and the technology that enables them.
More than just a convenience for patients, telehealth empowers care management that is faster, more efficient, and accessible from anywhere — yes, even your living room couch. Put up your feet and learn how the telemedicine trend is turning timeless.
The best healthcare is inseparable from the strongest protections for patient information. With healthcare-related cyberattacks on the rise, it’s critical that healthtech companies prioritize data security and sterling regulatory compliance. That comes from a deep understanding of what regulations are required based on your business’s provided services, as well as the relevant privacy laws and regulations.
The proliferation of healthtech wearables, electronic medical records, and other connected devices has produced a veritable tsunami of data.
By developing a strategic approach to handling your business’s data, you can remove barriers, unify information, and leverage this overwhelming quantity of information for next-level insights.
Medicine is always modernizing
Innovation, funding — not to mention a global emergency — have radically shifted the healthtech sector. Patients are empowered with more transparent and accessible medical information, providers are increasingly focused on prevention rather than intervention, and payers face heightened competition and expectations of care.
It’s crucial that healthtech companies develop impeccable products and stay on top of the latest solutions. As has always been the case, emerging solutions are the industry’s lifeblood.