Abstract
Healthy population is regarded as the most valuable asset of any country. Unfortunately, the health challenges that hinder mankind's wellbeing are enormously increasing. Examples include but are not limited to: the diversity of emerging diseases afflicting the global population, the projected demographic growth of elderly people who need consistent monitoring, the deficiency in medical staff, the lower density of physicians, and the challenging geographical location of the population from healthcare providers. The mitigation of such health challenges calls for novel technologies to improve patient outcomes. In this article, seven emerging technologies, namely: Wearable Devices and Internet of Things, Artificial Intelligence, Blockchain Technology or Distributed Ledger Technology, Robotics Technology, Telehealth and Telemedicine, Big Data Technology and Nanomedicine have been highlighted. For each discussed technology, its historical background, development drivers, market status and trends, significance to healthcare, key player companies, and associated challenges have been presented. The information contained in this paper was collected from different journal articles, websites, reports, conference proceedings, and books. It was observed that though the technologies discussed in this article show growth at different rates, healthcare technology development and implementation are very promising in revolutionizing the health sector and improving the health of the population. Therefore, healthcare providers and countries are recommended to put in place Healthcare Technology Assessment Programs to help them collect data regarding the technology efficacy, relevance, safety, outcomes, and alternative technologies towards better planning for healthcare services improvement.
Highlights
The triumph of modern medicine is axed to the emerging technological innovations, and there is no doubt that the medical expenditures and life expectancy are variables driven by technological progress.[1-2]
The drivers of Telemedicine include: enhancement of care coordination, patients and doctors are fascinated by the services offered by Telemedicine, society, and healthcare tendency to digital life, bridging of the rural gap, continuous innovation in the consumer technology market, projected shortages in the health professional workforce, growth of consumerism in health care cost-effectiveness, quick access to medical services,[123,124] improved quality, medication management, changes in care models.[125,126]
Driven by needed increases in medical productivity, the growing prevalence of chronicling diseases, the increasing aging population, and the increasing emphasis by healthcare agencies towards early diagnosis and treatment, many countries and healthcare providers are struggling to scale-up technology level to provide adequate services to patients
Summary
The triumph of modern medicine is axed to the emerging technological innovations, and there is no doubt that the medical expenditures and life expectancy are variables driven by technological progress.[1-2]. The medical technology revenues have increased by 44.7% (USD 352.9 billion to USD 510.9 billion for 2011 and 2021, respectively), and the forecast is to reach USD 594.5 billion in 2024.13 In 2022, the strongest medical technologies segments will be in cardiology, imaging diagnostics, orthopedics, and surgery. Usefulness, perceived ease of use, price value, and habit are the key factors that determine the application and market expansion of a particular technology in a certain region.[14,15] In addition to those factors, commercial-grade, durability, reliability, sustainability, technical support, disinfection, alarm management, network, and device security advocate adopting a particular technology.[16,17] Usefulness, perceived ease of use, price value, and habit are the key factors that determine the application and market expansion of a particular technology in a certain region.[14,15] In addition to those factors, commercial-grade, durability, reliability, sustainability, technical support, disinfection, alarm management, network, and device security advocate adopting a particular technology.[16,17]
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