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Update Blog “top-trends-in-healthtech” #3790

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Expand Up @@ -24,7 +24,7 @@ language: en

[Advanced implementations of Generative AI in healthcare](/blog/top-trends-in-healthtech/#advanced-implementations-of-generative-ai-in-healthcare)

[Greater focus on preventive healthcare with AI](/blog/top-trends-in-healthtech/#greater-focus-on-preventive-healthcare-with-)
[Greater focus on preventive healthcare with AI](/blog/top-trends-in-healthtech/#greater-focus-on-preventive-healthcare-with-ai)

[IoT and wearables for (truly) continuous remote patient monitoring and biohacking](/blog/top-trends-in-healthtech/#iot-and-wearables-for-truly-continuous-remote-patient-monitoring-and-biohacking)

Expand All @@ -46,7 +46,7 @@ However, 2023 offered renewed optimism, marked by significant acquisitions that

As stated in the [State of Health Tech 2023](https://www.bvp.com/atlas/state-of-health-tech-2023) report:

<blockquote><div>The health tech cohort gains during summer of 2022 and January 2023 were mainly driven by announcements of relatively large acquisitions in the health tech sector, including Amazon’s $3.9 billion acquisition of One Medical, CVS Health’s 8 billion dollars acquisition of Signify Health, and CVS Health’s 10.6 billion dollars acquisition of Oak Street Health.</div></blockquote>
<blockquote><h2></h2><div>\$The health tech cohort gains during summer of 2022 and January 2023 were mainly driven by announcements of relatively large acquisitions in the health tech sector, including Amazon’s \$3.9 billion acquisition of One Medical, CVS Health’s 8 billion dollars acquisition of Signify Health, and CVS Health’s 10.6 billion dollars acquisition of Oak Street Health.</div><footer></footer></blockquote>

Despite the financial struggles faced by the HealthTech sector, the enduring results of COVID-19's digital transformation in healthcare could not be slowed down. **The need for digitalization in healthcare has already been established within the industry and among patients, who feel empowered to use technology to manage their health daily.**

Expand Down Expand Up @@ -92,7 +92,7 @@ Examples of AI in disease diagnostics companies to watch: [iCAD](https://www.ica

While most current healthcare chatbots (also called virtual healthcare assistants) are utilized to streamline processes like appointment scheduling, **the focus for 2024 should be on exploring their potential as tools that also actively solve patient issues, for example in the mental health area**.

<blockquote><div>It is very difficult for people with mental health disorders to actually talk about these things and to tell people 'I don't feel well.' So if this person feels very stigmatized and feels like it's not easy to talk about these things, to open up to this machine and say 'Well, I feel really, really bad today' and to hear something that seems like essentially what works is that they don't feel it's a person. The only reason they can open up is because they know it's not a person. It could also be that they don't have the person in front of them, so this kind of distance is what gives them the ability to actually talk about these issues.</div><footer>Dr Laura Martinengo, Research Fellow at Lee Kong Chian School of Medicine at NTU</footer></blockquote>
<blockquote><h2></h2><div>It is very difficult for people with mental health disorders to actually talk about these things and to tell people 'I don't feel well.' So if this person feels very stigmatized and feels like it's not easy to talk about these things, to open up to this machine and say 'Well, I feel really, really bad today' and to hear something that seems like essentially what works is that they don't feel it's a person. The only reason they can open up is because they know it's not a person. It could also be that they don't have the person in front of them, so this kind of distance is what gives them the ability to actually talk about these issues.</div><footer>Dr Laura Martinengo, Research Fellow at Lee Kong Chian School of Medicine at NTU</footer></blockquote>

<YouTubeEmbed url='https://www.youtube.com/watch?v=lLhTdV47Y8E' />

Expand All @@ -118,7 +118,7 @@ As an example check the actual [remote patient monitoring solution Camascope](/p

Particularly interesting to follow in 2024 is the work on [battery-free wearables for MedTech](https://www.advancedsciencenews.com/powering-wearable-health-monitoring-devices-without-batteries/) powered by… humans.

<blockquote><div>Using a thermoelectric generator, or TEG, to harvest the plentiful and continuously available heat or thermal energy generated by the human body and convert it into electricity, the research team from the Department of Biomedical Engineering at Zhejiang University in collaboration with the Institute of Flexible Electronics Technology of THU successfully created a self-powered, wireless wearable to monitor heart rate, sweat composition, and body motion in real-time.</div><footer>Advance Science News</footer></blockquote>
<blockquote><h2></h2><div>Using a thermoelectric generator, or TEG, to harvest the plentiful and continuously available heat or thermal energy generated by the human body and convert it into electricity, the research team from the Department of Biomedical Engineering at Zhejiang University in collaboration with the Institute of Flexible Electronics Technology of THU successfully created a self-powered, wireless wearable to monitor heart rate, sweat composition, and body motion in real-time.</div><footer>Advance Science News</footer></blockquote>

**Another interesting trend to watch in 2024 is smart rings**. The smart rings market size is expected to increase significantly. **By 2027, it's forecasted to grow by approximately [USD 34.40 billion](https://www.technavio.com/report/smart-rings-market-industry-analysis)**.

Expand Down Expand Up @@ -146,7 +146,7 @@ Examples of TeleHealth companies to watch: [Camascope](https://www.camascope.com

The Patient Engagement Apps market is predicted to continually grow over the next few years. As stated on [Expert Market Research](https://www.expertmarketresearch.com/reports/patient-engagement-solutions-market):

<blockquote><div>The global patient engagement solutions market size attained a value of approximately USD 22.74 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 17.10%, reaching about USD 94.17 billion by 2032.</div><footer>Expert Market Research</footer></blockquote>
<blockquote><h2></h2><div>The global patient engagement solutions market size attained a value of approximately USD 22.74 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 17.10%, reaching about USD 94.17 billion by 2032.</div><footer>Expert Market Research</footer></blockquote>

An important aspect of this market is related to managing chronic diseases, which are still not fully covered by HealthTech.

Expand Down