Healthcare today accounts for more than 10% of the Gross Domestic Product (GDP) of many developed countries. Technological Innovation in healthcare is one of the major factors for the high growth rate. Over the past few years, the innovation in segments such as diagnostics, drug development, and surgery has ensured a high quality of healthcare services to the patients. Along with the increased research and development activities, the expansion in healthcare funding and rising demand for better service delivery have also played a key role in the growth of the Healthcare sector.
In the coming years, artificial intelligence, health trackers, wearables, sensors, virtual & augmented reality, genome sequencing, nanotechnology, robotics, and telehealth are expected to provide a new dimension to healthcare delivery with an improvement in quality and consumer experience. However, the high cost of healthcare service delivery will be the key challenge to tackle.
For more details, visit: Benefits and Challenges of Technological Innovations in Healthcare