DIGITAL HEALTH TRENDS IN 2020- WHAT TO EXPECT

 Digital Healthcare 2020: 2020 is the year of the digital health sector, with technology-driven applications and portals. In 2018, the U.S. healthcare market was valued at US$ 144.2 billion and is forecast to grow to US$ 280 billion by 2020.

The reason behind the digital health transformation is rising health care costs, changing demographics for patients, evolving customer expectations, emerging market entrants, complex health ecosystem, and technology. The state of digital healthcare transformation in 2020 looks rather promising, isn’t it?

2020 brings with it many innovations and advances in the healthcare sector. The advances in digital technologies will create huge new responsibilities and opportunities for doctors and patients alike. “Digital Healthcare Transformation” is the new “now” and shapes the future of health-care systems.

What drives Digital Health? 

  • Need for predictive and preventive care
  • Less cost and precise therapies and medical treatments
  • Increase demand from consumers/patients

In the US, spending on healthcare is incredibly expensive. The overall expenditure is $3.8 trillion per annum.

From the above, the following are the key takeaways:

  1. Improving the health of the massive population requires new-age models and technologies that address health drivers, allow early diagnosis, and continuously monitor treatment response.
  2. Governments around the world are also taking initiatives through the adoption of health coverage and the introduction of price controls and medical devices.
  3. Technology-driven doctor-patient interaction, patient engagement strategies enable patients to have greater financial independence in their health care choices.
  4. Advanced technologies such as cloud computing, 5G network, Artificial Intelligence, Natural Language Processing (NLP), and Medical Things Internet (IoMT) help streamline health services with rapidly changing consumer preferences.
  5. Stakeholders in the health care sector are introducing payment reforms such as value-based payment models that help patients achieve the best results at the lowest cost.
  6. A technology-enabled model has the potential to alter future roles for ‘physicians’ in delivering health care services, infrastructure, and enabling.
  7. Health care systems can also link digital offers to strategically segmented customer experience and invest in core analytics to create a 360-degree view of the consumer that eliminates any barriers to operations.

Key Trends Showcasing Digital Healthcare Technologies in 2020

We can only expect advanced trends in health care in the near future as the new innovations continued to emerge. With this, we are bound to encounter new advances in the digital health sector that will reshape its landscape.

The key trends in digital healthcare technology for 2020

Telehealth visits are booming as doctors and patients in the midst of the coronavirus crisis embrace distancing. According to analysts at Forrester Research, the adoption of telemedicine has shifted to hyper-drive over the last month, with virtual health-care interactions on pace to top 1 billion by year-end.

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