New analysis, Vision 2025 - Future of Healthcare, part of Frost & Sullivan's Advanced Medical Technologies, identifies opportunities to enable participants to align their business model, products and services to succeed. A few of these opportunities for each sector include:
- targeted and immuno-oncology checkpoint therapeutics in pharma/biotech
- wearable devices and augmented/virtual reality in medical technologies
- magnetic resonance imaging adaptive radiation therapy and AI-enabled medical imaging data analysis in medical imaging equipment
- companion diagnostics in IVD
- advanced analytics for clinical predictions and data warehousing in healthcare IT
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"Data will become the new biology for tomorrow," said Shah. "The increasing number of information sources and information sharing among care teams, patients, families, providers, and payers is what will allow for better care coordination and advanced analytics that enable improved patient health outcomes."
As external technological developments and non-healthcare entities enter healthcare, the challenge is two-fold for healthcare participants: no control over advancements and competition from non-healthcare tech experts. The combined effect of transformational shifts and new opportunities will facilitate the emergence of new business models in the industry.
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Vision 2025- Future of Healthcare
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SOURCE Frost & Sullivan