With the global healthcare IT market growing exponentially to meet increasing demand for
In a new report titled 'Life sciences and healthcare predictions' that focuses on trends in the GCC, Deloitte noted that GCC healthcare spending will reach $69.4 billion in 2018, with the primary drivers being changing demographics, improved longevity, and high population growth. The Middle East and North Africa medical technology industry, on the other hand, is growing at a rate of five
According to Karen Taylor, director of Deloitte Centre for Health Solutions, several new technologies such as the Internet of Things (IoT) will be at the centre of new healthcare investments.
IoT technology is becoming increasingly mainstream with over 50
As part of its wider 'The future
"Individuals are better-informed about their health and are increasingly looking at ways to keep themselves healthy," says Taylor, speaking at a recent conference. "The adoption of technology is keeping people connected and active and helping to reduce the cost of healthcare."
Deloitte found that telehealth use is
Secondly, Taylor noted that smart healthcare is delivering more cost-effective
In addition, AI systems are now being deployed to help pharmaceutical companies prevent drug-drug interactions and help clinicians interpret diagnostics. This has created vast amounts of data, which is faster and more detailed than ever before. However, Taylor warns that all this data would be wasted unless hospitals and clinics invest in the proper infrastructure that will allow their doctors and nurses to properly utilise it.
Deloitte also found that exponential advances in life-extending and precision therapies are improving outcomes, and