Healthcare is a large evolving industry redefined by tech advancements, compliance, patient preferences, and other factors. In the troubling times of the COVID-19 crisis, digital healthcare became the talk of the town, and even after the pandemic, the talk won’t be over.
Revolutionizing Digital Healthcare Startups in South Asia
Healthcare setups, particularly digital ones have stretched to their limits during troubling Corona times and the South Asian region is no exception to this. The digital healthcare setups are aiming to provide innovative and cost-effective digital healthcare solutions.
Being at the forefront of global digital healthcare innovation, the region is considered the hub of new opportunities. Asian health care industry became the second-largest healthcare ecosystem in the world with a massive US$6.3 billion funding in 2018.
The healthcare setups in South Asia are witnessing a huge boom. South Asia digital healthcare startups are getting investors’ attention and have gone through a massive expansion in recent years despite the economic chaos rising from the COVID-19 pandemic.
Countries including India, Bangladesh, Nepal, and Pakistan are witnessing the revolution of healthcare with the emergence of innovative and accessible healthcare startups. Among many healthcare setups running with huge success, Healthwire.pk is the one that caught my attention.
Currently based in Pakistan, Healthwire.pk is committed to providing the best healthcare facilities to the Pakistani population and working on the creation of a healthcare ecosystem catering to multiple needs at once.
Key Digital Healthcare Transformations
It is vitally important for the newly emerging startups to focus on digital healthcare trends that will redefine the future of digital healthcare. Moreover, it is equally important to figure out which emerging technologies are worth their investment.
Some of these worth investing in digital healthcare transformation in 2021 are;
6 Major Characteristics Of Digital Healthcare Transformation in South Asia
#1. On-Demand Healthcare
The “on-demand service” takes in the customer wanting a particular service at their convenience, according to their own time and at their place. This on-demand service is now also entering the healthcare industry because patients nowadays are seeking out on-demand healthcare services.
With the increasing on-demand service, healthcare service providers prefer being available to cater to the varying consumers’ needs rather than being connected to one company. Healthcare companies are acting as the platforms to connect healthcare providers and facilities for short term works in which physicians will be giving their services according to their expertise and availability.
#2. Internet of Medical Things (IoMT)
Another major trend in digital healthcare is the Internet of Medical Things which is the healthcare connected devices that enable the healthcare professional’s access to real-time and accurate patient’s health data. These connected devices provide consistent and efficient communication to provide a real-time picture of healthcare data.
These wearable devices enable patients to collect their data and monitor them more frequently. Other than this, these devices are more likely to predict the risk of any major health event. This one is worth investing in technology advancement for digital healthcare companies.
Here are some of the examples of such IoMT devices, including;
- Remote patient monitoring devices
- Monitoring of blood glucose level
- Analyzing heart rate
- Viewing your hand hygiene
- Mood aware devices to enable mood monitoring
- Smart contact lenses
- Connected inhalers
- Ingestible sensor for inside monitoring
- Workout trackers
#3. The huge impact of big data
The next in the list is understanding the importance of big data in digital healthcare. Big data refers to the collective information on business collected by social media, transactions, financial reports, and e-commerce. Big data can recognize current health trends, make predictions and make data more accessible to both patients and healthcare service providers.
Some of the examples of big data in digital healthcare are;
- Right staff prediction at the right time
- Creation of real-time alerts on the current time
- Improved patient’s engagement
- Enabling strategic planning
- Maintenance of electronic health records of patients
- Improved security and reduced risk
- Predictive healthcare analytics
- Reduced medication errors
- Enhanced preventive care
Telemedicine is an important digital healthcare trend that is changing the way patients are interacting with healthcare facilitators. Technology advancements and access are enabling better access to healthcare facilities in areas with poor healthcare facilities. This is especially important for patients living in areas with underdeveloped healthcare infrastructure suffering from mobility challenges.
Telemedicine is not providing help with the initial diagnosis and patient monitoring but also catering for the advanced patient requirements including telesurgery, customized treatment plans and preventing hospital admissions.
#5. Predictive Analysis
When it comes to technology advancements in digital healthcare, predictive healthcare is considered an important constituent. Predictive analysis on staff hiring, admission rate, prediction of future illnesses and diseases can revolutionize the future of digital healthcare.
#6. Treating patients with Virtual Reality (VR)
Virtual reality is the next trend that is revolutionizing the global healthcare industry in many ways. Here are the 5 ways in which virtual reality is changing digital healthcare, including;
- Virtual reality is making it possible to view the surgical operations in real-time as performed by a surgeon making it a better training method for the training of a new surgeon.
- Virtual reality is also aiding to relax patients during a medical procedure by wearing a VR headset to reduce anxiety.
- Enabling patients to go through the patient’s experience of aging or dealing with a medical condition by incorporating VR mediated condition simulations.
- To pace up the recovery of physical therapy by tailoring exercises according to the patient’s requirements and making the experience more enjoyable.
Challenges for Digital Healthcare Setups
Alongside these advancements, there are a few challenges for digital healthcare in South Asia including,
1- Data analysis and data processing
2- Security threats to data safety
3- Experience of digital user
New healthcare startups have got the opportunity of turning these challenges into opportunities.
Bottom Line – Digital Healthcare Transformation Is Our Present and Future.
Despite the challenges in digital healthcare, healthcare startups have come a long way to participate in the digital era. Particularly, if we talk about the South Asian region, despite the low literacy rate and poor healthcare awareness, digital healthcare setups are doing well. In the future, there is a lot to come in digital care and these transformations are providing solid ground for emerging healthcare startups.
Today, we covered ‘Digital Healthcare Transformation’ that is rapidly taking hold over the South Asia region and where medical tech startups in the frontline are leading the transformation into a new amazing digital era.
It seems the undeniable trend of the digital revolution is on-going and we couldn’t seem to swim against the tide. It’s a really interesting thing to talk about because we all are living in a face-paced world of technological advancements.
If you enjoyed reading this article, please comment, let’s talk more about this interesting thing of our present, and the future!