Digital Medical Devices Boosting Healthcare Economics

 Quite evidently, improvements in medicine/ nutrition are helping people increase their life expectancies. But with the increase in the number of lifestyle-related or degenerative health issues, the economic impact is skyrocketing. Imagine if you consider only five non-communicable diseases, it will account for more than $47 trillion by the end of 2030. 

That's huge! So, where does digital technology fit into this picture? And how are digital technologies helping humans to lead better and healthier lives? Let's find out now!

Genomics 

Did you know that it took years to sequence the complete genome? Hundreds of thousands of dollars were spent to make it happen. But with an increase in the processing power, scientists could quickly unravel the potential of human DNA analysis. 

Thus, allowing the healthcare companies to come up with personalized testing or treatment procedures that could significantly improve patient outcomes. 

Robotics

Not only do robots assist doctors in surgeries, but it also helps to speed up the recovery process. Moreover, it's also helping with disinfection, dispensing medication, and sometimes even keeping company. Believe it or not, these are the tasks that will help hospitals and pharmacies undertake many tasks with precision. 

Read More :-   https://www.pukkapartners.com/insight/digital-medical-devices-boost-to-healthcare-economics-and-disrupting-supply-chain

Organs-on-chips

DNA sequencing with stem cell research allows researchers to grow miniature organs after thoroughly checking the patients' DNA. And when connected to electronic sensors, they can even measure and store responses to treatment at a cellular level to help the researchers identify what methods will have the maximum success rate. 

Digital Wearables

As per a survey, experts suggest that the number of users using digital wearables will reach around 365 million by 2024. And why not when these smart health monitors allow individuals to collect real-time data, thereby helping them encourage leading healthier lifestyles. 

Many companies have already launched these products. By monitoring different data, even businesses can recommend their employees to have healthier habits for better productivity and better health outcomes. 

3D Bioprinting

This is like the ultimate medical dream that became a reality in the year 2016. In this, the researchers at the Wake Forest Institute announced that they would implant a 3D printed bone, muscle, and tissues into the animals. Experts are predicting that there might even be time for customized body parts as well. 

Digital Medical Devices Disrupting Supply Chain

Did you know that developing a new drug costs around $2 billion, which is approximately double what it used to be in 2017? And the ROI fell from 10% to 1.9%. That caused the companies to reorganize their clinical operations to increase efficiency, reduce cost, and better connect with them. 

These trends are acting as disruptors to current practices, especially the clinical supply chain. Read on to know more.

Cloud-embedded Digital Core

This is like the data hub where all the relevant data is collected into a repository. It gives the clinical supply organization a chance to operate everything efficiently and rapidly. Not only that, it's allowing biopharma companies to make better decisions and streamline processes.

IoTs

When it comes to safety imperatives in this sector, temperature monitoring and excursion management are of utmost importance. Existing methods are pretty labor-intensive and time-consuming. However, internet-connected sensors are now helping companies to record drug temperature in real-time for better product evaluations. This enables them to go for insights-driven clinical trial approaches.

Blockchain

Many companies in the clinical supply chain used to depend on third-party businesses for documentation, manual processes, and so on to facilitate clinical drug supplies across the globe. But the lack of end-to-end transparency often resulted in asynchronous information among different supply partners. 

Using blockchain, suppliers are finally increasing trust since it's helping businesses to share information seamlessly. Not only that, it's helping with material traceability, thereby reducing the waste and enabling better compliance. 

 

Email / Call Us at :
engage@pukkapartners.com
APAC: +91 70226 21355
United States: +1 858 939 9252
 
 

Comments

Post a Comment

Popular posts from this blog

VIRTUAL ASSISTANTS FOR IMPROVING CUSTOMER EXPERIENCE IN TELECOM INDUSTRY

 If you consider the customer satisfaction index, the telecom industry is probably one of the worst ranking industries. But that was only until 2019. By the end of 2020, together, the sector made sure to climb up the satisfaction rate. And guess what? They will be able to do that. However, it’s just the beginning.  The importance of customer experience is growing like never before. And one tool that’s helping telecom industries is the use of virtual assistants. Did you know that OTT platforms are eroding the revenues of telecom industries? With video-on-demand media, the consumers are trying to cut the cord even more eager than ever before.  However, things are changing. How? Let’s find out! Virtual Assistants Aiding in Better CX in Telecom: Decoding the Ways If the telecom industry upgrades its digital customer engagement scale, it can easily experience the upsides in terms of better engagement, services, resulting in boosting sales. However, telecom operators often don’t have the peo
Read more

E-HEALTH: THE BOOM IN DIGITAL HEALTH TO DUISRUPT LIFE SCIENCES AND MEDICAL COMMUNITY

  E-Health is an developing field in the intersection of public health, medical informatics, and business, mentioning to health services and data delivered or enhanced through the Internet and connected technologies. In the broader sense, the term characterizes a technical development and a state of mind, a way of thinking, an attitude, and a commitment for networked, global review, to recover health care locally, regionally, and globally by using information and communication technology. The 5 e's in "E-Health" Efficiency  - one of the promises of e-health is to increase efficiency in health care, thereby decreasing costs. One possible way of reducing costs would be by avoiding duplicative or unnecessary diagnostic or therapeutic interventions through enhanced communication possibilities between health care establishments and patient involvement. Enhancing quality  of care - increasing efficiency involves not only reducing costs but at the same time improving quality. E-
Read more

HYDROGEN STORAGE - A DISRUPTIVE TECHNOLOGY INNOVATION

  Excessive expectations have been met with disappointment in the past with hydrogen technologies. Nonetheless, a rising body of research suggests that these technologies are a viable choice for deep decarbonization of global energy systems, with recent cost and performance advances pointing to economic viability. The cost of producing, transporting, and storing hydrogen has decreased dramatically. This is complemented by an increase in clean technology regulations. As a result, we predict that hydrogen technology will gain traction, particularly in the transportation and alternative energy generation sectors. The transition to a sustainable energy economy needs an energy carrier capable of large-scale carbon-free energy transfers. Hydrogen is a sustainable energy carrier with the potential to benefit the whole energy sector. However, storing significant amounts of hydrogen is difficult. There are numerous obstacles to overcome in order to achieve a cost-effective hydrogen cycle. Hydro
Read more