Predictions That Obstruct Healthcare Industry In 2020

by Ahsan T. Marketing manager

The healthcare industry also referred to as the medical industry consolidates all the sectors that come under the economic system that deal with the provision of goods and services aimed at relieving, curing, protecting or preventing, rehabilitating, and ensuring sustained well-being of patients. The healthcare system of Pakistan comprises of public and private sectors, with the private sector playing the major role in this industry by serving around 70% of the population whilst the public sector serving around the remaining 30%.

This blog throws light upon some of the predictions about the healthcare industry that might prove to be an adversary for it and render obstruction in its development.

Social Determinants of Health (SDOH) To Root Footing In 2020

Health systems internationally frequently employ 'Social Determinant' data to examine possible contingencies, methods of establishing communication with the patients, and making significant functional decisions. Studies have shown that social distinctive features play a greater role in most of the health-related consequences than information gathered through medical care. Research from Frost and Sullivan’s Transformational Healthcare Group indicates that only 10%-20% of health outcomes are obtained from data collected through medical care, whilst the other 80%-90% outcomes yield from SDOH. This prediction may cause to be an obstructing factor for the advancement of progressive efforts towards the healthcare industry.

Artificial Intelligence’s Expansion with the Confrontation of Threats on Ethical Grounds

Evidently, the soundest approach to employ Artificial Intelligence’s technology service in healthcare sector would be to use it as a ‘verifying tool’ rather than riskily using it to search for new concepts in the medical realm. Although for medical imaging purposes Artificial Intelligence's applications are expected to exceed the $400 million mark in 2020, newly established businesses would be immensely concerned with the data usage and relevant training required for its acquisition and manipulation, endorsement, and adoption in ways that assure communal approval.

Annuity-Based Model to Increase Gene-Therapy Marketing

Initially, UniQure’s gene therapy named Glybera caused much stir, but gradually as its exposure into the market threw light onto the negative aspects of it being astonishingly costly, small consumer-base, and an absence of an effective remuneration model eminently led to ineffective performance and lastly, desertion.

Vendors That Profess Mutual Data Sharing Would Progress Compared With Standalone Systems

It is highly anticipated that the approach of mutual correspondence for data handling would be widely welcomed by government policies, entrepreneur's acceptance, and special attention of healthcare IT buyers. However, systems that inhibit data fluidity will not go far. It is much probable that governments would facilitate interoperability and a turnover from personal health data to a firm's health data would soon become a custom.

Telehealth Services Operation Might Blur the Focus on Chronic Conditions

It is predicted that health systems around the globe would take telehealth as an indispensable and standard service that should be offered to enable virtual consultation for intrinsic stages of medical care provision. Moreover, with the advantage of providing medical care in one of the most economical ways, telemedicine promises to overcome one of the huge impediments faced by the health services industry.