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 [...]
There is a severe shortage of physicans and healthcare practitioners across the globe. In the United States alone, this shortage could reach up to 120,000 physicians by 2030. The patient to doctor ratio is extremely worrisome with only 40 doctors per 100,000 patients in rural areas and 53 physicians [...]
