Healthcare is emerging as one of the biggest sectors in India and other countries. The Healthcare sector has changed a lot with the passing time and tried everything possible to make an easy job for everyone. The main 5 trends in the Indian Healthcare sector can be achieved by introducing advanced technology and improving the app for the betterment of the people so that everyone can get a clear understanding of the healthcare trends. The graph of the healthcare sector is rising day by day as it is one of the core sectors for India with a population of 1.33 billion. People now prefer to get health-related services online, and they can also compare different insurance giving healthcare industry, Bajaj Finance health is a leading one. Telemedicine, medical devices, clinical trials, medical insurance, medical equipment, and hospital comprises the healthcare sector in India. Different schemes are also launched for the development of the healthcare sector such as Ayushman Bharat.
Healthcare is the country’s 2nd largest service-sector employer.
Some of the recent emerging trends are:
Wearable technologies- A lot of people are now spending their money on wearable products and gives a boost to the industries taking care of the technologies. At present, these devices can count your steps, calories burnt, heart rate, blood pressure, and many more features are there like blood pressure monitors, ECG monitors that can detect atrial fibrillation, and self-adhesive biosensor patches that track heart rate, temperature, and an oximeter nowadays due to covid-19 become very popular. Bajaj finance health Ltd is also using these wearable gadgets for better results for the patients.
Telemedicine- It is the remote diagnosis and treatment of patients through telecommunications technology and provides substantial healthcare to low-income regions. Telemedicine is a complete health solution and is even available in remote areas benefiting people out there by giving access to quality healthcare and life-saving treatment. 7 million telehealth patients are there. Elderly people can take online video call benefits, and it also saves time plus transport costs.
Virtual reality- It is a pain relief treatment that helps people to divert their mind by planning games or watching videos and required low doses of pain relief and also recovered quickly. The virtual reality market is likely to reach 5.1 billion USD by 2025. A lot of patients suffering from cancer, autism, etc, have benefitted from this.
Artificial Intelligence- Artificial Intelligence taking the healthcare sector to a whole new level. It will bring major changes in the sector like people can use this at home by saving time and money. Artificial Intelligence is growing at a huge scale, doctors will soon perform complex surgeries using Artificial Intelligence. This feature can let us know the infection patterns and warns the patients before someone shows symptoms. There are 4 types of artificial intelligence: Reactive machines, limited memory, the theory of mind, and self-awareness.
Augmented reality- It is there in every industry but very powerful in the healthcare industry. It is gaining attention nowadays. It is visualization, surgical visualization, and education. Hardware and software technologies have reduced their cost. It is the use of displays, sensors, and cameras to give one feeling of digital information onto the real world. Google Glass was the 1st AR platform that gained attention. AR gives doctors the ability to visualize and interact with 3D bodies.
As people are getting information about the healthcare industries and their features, they are becoming more aware of the launches, facilities. The healthcare market in India is expected to reach US$ 372 billion by 2022. The government of India plans to increase healthcare spending to 3% of the Gross Domestic Product by 2022. Launched Ayushman Bharat on 23rd September 2018. The Healthcare system in India is categorized into two major components – the public that is govt healthcare service aims to provide facilities to remote areas, and the private sector like the Bajaj finance healthcare Ltd. service. India’s Healthcare practice works closely with governments, funding agencies, payers, providers, and private investors. Indian govt is working and developing technology and transforming it with the latest technology. Also maintains the quality of services, diagnosis, timely decision, and treatment. Also, educate the manpower on upgraded technologies to provide the best services. For all this, the Government funds need to expand that will further improve the medical facilities and giving the best of everything to the consumers.