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Investing in medical technologies is investing in the future

2 min. reading
Healthcare of the future / 17 June, 2021

Karla García Gil Journalist

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The development of technology has helped to create improvements in health, through the creation of new drugs and treatments. And the fact is that medicine and technological advances often go hand in hand, which has allowed the industry to be transformed through technologies such as Artificial Intelligence (AI), Big Data or the Internet of Things (IoT).

Investment in the digital health industry has grown exponentially over the last few years, in the last decade this figure increased to $13.7 billion ($12.6 billion more than in 2010) according to figures from Statista.

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  1. Chatbots

Chatbots are often used as healthcare consultants. Virtual assistants answer frequently asked questions from patients with chronic and/or degenerative diseases, patients with dangerous or suicidal thoughts and even support family members of a deceased patient.

  1. Telemedicine

Telemedicine allows patients to consult specialists virtually anywhere in the world, as long as they have an Internet connection.

This technology helps to overcome physical barriers and facilitate medical care even remotely and asynchronously, i.e. it does not require both parties to be present or online at the same time.

  1. Pharmaceuticals

Pharmaceuticals focuses on the development of drugs to prevent and cure diseases. As part of this group, biotechnology uses living organisms, such as bacteria or enzymes, for drug development. Listed companies within this group can be very large, with annual sales figures in the billions of dollars.

  1. Health insurance

Health insurance is mainly operated by banks or insurance companies, which charge premiums to pay the costs of medical care to the patient.

Faced with the risk of contracting an illness, insurance policies are increasingly being taken out by companies and individuals.

  1. Virtual reality

Virtual reality offers the possibility of seeing areas inside the human body that would otherwise be impossible to observe. This allows medical students to practice on organs that are difficult to access, such as the heart, the nervous system and even the entire body.

  1. Medical devices

Medical devices can range from simple ones, such as thermometers and surgical tables; through defibrillators and ultrasound equipment; to more complex ones, such as artificial heart valves and surgical robots.

As you can see, investments drive technology and this is important in the healthcare industry not only because of the development of innovative tools, but also because of the benefits they bring, such as improved access to healthcare or increased life expectancy and quality of life for people.

 

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