The world around us is evolving at a dizzying pace. And technology is the major catalyst driving unprecedented progress in consumer experiences. And in such scenarios, healthcare is among the industries undergoing the most dramatic evolutions. It’s harnessing the potential of tech and improving patient care at a scale never seen before.
With this trend getting mainstream, entrepreneurs are investing heavily in health tech solutions. The nascent health tech sector is expected to grow at the rate of 39 CAGR and reach $5 billion by 2023, per RBSA Advisors.
Let’s explore what health tech has in store for us in the future.
Health-Tech Flourishing in India
Since the arrival of AI and IoT, several possibilities have been expected in the healthcare industry. Thus, the revolutionization of the healthcare industry is gaining momentum rapidly for the betterment of society with innumerable health & fitness app development avenues.
This new way of thinking coupled with innovative concepts promises to change the world we live in by changing how society views itself through advancements in health care.
However, there are some obstacles that still need to be addressed. Majorly, accessibility of proper healthcare facilities by considering affordability. Moreover, Covid-19 has made clear the issues faced by the healthcare sector and accentuated the need for better healthcare infrastructures as well as digitized solutions.
As it is already being used in this area, digitization capabilities have received a push due to the pandemic. The use of technology, namely AI, holds significance because it can address several challenges faced by healthcare planners: accessibility, affordability, quality, and inequity.
The National Strategy for Artificial Intelligence in India explained by Niti Aayog states that advances in technology. And curiosity from innovators can help solve long-standing problems in the healthcare sector.
Investment and experience needed for this purpose make a strong case for public-private partnerships – with technology-centered innovations at scale.
Revolutionary Healthcare Trends You Will See in India
India’s healthcare landscape is go through a transformative shift driven by health-tech innovations. The rapid growing of mobile app development services is playing a pivotal role in this evolution, enhancing accessibility, affordability, and the overall quality of health and wellness services. Here’s an overview of how health-tech is reshaping wellness services in India:
1. Telemedicine
Telehealth is the use of modern technology such as computer screens, mobile devices, and tablets to deliver health care. With a pandemic reducing in-person visits among physicians, they had to find an alternative way to connect with patients.
By 2020, over 43% of Medicare primary care visits were conducted via telehealth services. This trend has continued even after COVID-19 vaccines are rolled out globally; studies from Fortune Business Insights predict the telehealth market will surpass $185 billion by 2026.
People are opting for a seamless digital experience when it comes to scheduling appointments, getting medication. And receiving essential communication about their health care.
Telehealth – instead of being a passing trend – is expected to be an important part of every person’s day-to-day life. Because! It offers incredible benefits over traditional methods.
2. IoT & Medicine
Medical IoT is a rapidly expanding industry that includes wearable devices, monitors, and integrated applications – all aimed at healthcare needs. Many Wearable app development company create wearable devices which helps in health and fitness industry in terms of tracking using Advances in AI and machine learning that allow us to push beyond traditional medical technology by making better versions of items like smart inhalers.
These are devices used to track patients’ usage through smart mobile apps. This means that patients can live freely while healthcare professionals monitor them remotely with real-time data insights – significantly cutting down on frequent in-person visits.
And considering these advancements will only grow stronger with time, we’re getting closer to equitable health care for everyone.
3. Employee Wellness Apps
Mindfulness apps such as Headspace, Liberate, and Calm were no longer just for the niche meditation audience. The mainstream adoption of the apps drove download numbers in the wellness & healthcare app development market.
The wellness app Calm had acquired 10 million new users, according to a report from The New York Also, its value had skyrocketed north of $2 billion thanks to venturing capitalists pooling $75 million.
Moreover, employers are increasingly recognizing that these types of apps could be helpful for their employees. Companies have long held fitness competitions or offered healthy meals at work—but now employer-provided wellness apps are relatively new territory.
4. Innovation In Infectious Disease Management & Diagnostic
Soon after the COVID-19 pandemic began, it was clear just how well prepared the healthcare sector had been for this crisis. Within a few weeks, all you could hear about were digital health trends aimed at combating the spread of the virus.
Countries around the world rushed to launch apps that would help governments and healthcare providers with virus testing, tracking, and monitoring. No sooner than one app was launched than another came along with enhanced capabilities for quicker tests and better tracking tools.
All thanks to an epidemic so powerful it sparked innovation in healthcare’s dark corners. While there have been major setbacks post-2019 in India, there has also been some significant progress: many developing countries are now able to offer basic healthcare services while they continue researching long-term cures or treatments.
With AI, Big Data, and IoT combination, disease management & diagnostics applications will enhance the capabilities of healthcare organizations allowing people to get aid in adverse situations in future.
5. Better Health Insurance Services
Global health insurance firms are making huge strides in embracing technological advances—whereas, in India, this adoption has been slow and steady. But with the ascent of digital revolutions and the rise in digital insurance firms, Indian healthcare providers are now entering a new age.
Big Data, for example, is just one such tool that insurers use to make data accessible, which helps them know their customers better than ever before. Artificial intelligence, machine learning, and robotic process automation are three of the most innovative technologies in the insurance industry.
With these new processes being put into place over time, old models for claims management will soon become obsolete as companies find it much easier to manage and speed up their processes when faced with large volumes of daily claims.
Artificial intelligence, machine learning, and robotic process automation are three of the most innovative techniques in today’s insurance industry. Over time these methods will replace outdated systems, which caused bottlenecks with increased volume.
Check out more health tech trends here to know how it will impact patient care.
Health Tech Is Encouraging Global Wellness & Fitness Consciousness in India
As healthcare services are becoming more tech-savvy and user-friendly, people are keen on fitness and healthcare services in order to bring balance to their life. From meditation to yoga, and gym training to a calorie calculator, there are a number of applications and smart devices to enable people to track their daily activities.
And choose activities that help to ensure wellness. Evidently, it encouraged entrepreneurs and philanthropists to invest in solutions that promote global wellness & fitness consciousness.
Alyve Health is one such initiative that took up the mission to promote smart fitness and healthcare for corporate employees in India. Let’s know how it turned into a successful app release post-pandemic.
OrangeMantra Is Abetting the Vision of Personalized Corporate Healthcare with Alyve Health:
Alyve Health is one of the major pioneering ventures, which are striving to enable overall health protection for the people of India. A few years back, Alyve Health approached OrangeMantra with a revolutionary idea to encourage healthcare protection & benefit solutions for corporate employees.
The collaboration turned into a boon to corporate employees with so many healthcare and fitness schemes. We developed Alyve Health app that encourages people to get themselves engaged in fitness activities while enabling them insuring their health.
A team of dedicated business analysts and developers rigorously examined the healthcare & fitness needs, studied the thorough market condition, and determined what needed to be included in the app before they proceeded with development.
A new feature-rich iOS and Android application emerged; it reinvented fitness services for both individuals as well as companies. Additionally, this app lets you take advantage of various health insurance plans by accessing guidance for Yoga or Dance classes.
And stress management tools, prenatal exercises for pregnant women, and immunity boosters for those who are traveling or just feeling ill. Indeed, the solution is revolutionary in itself that not just promote health security. But! Also, encourage fitness-conscious & self-care activities among corporate employees
Take a glimpse of the journey OrangeMantra had with Alyve Health. Also, in a brief conversation with CTO, Alyve Health, Vineet Mehta, our CEO Vinit Chaudhary discussed the health tech market and opportunities in the future.
So, check out what you can expect in the future in health tech.
What the Health Tech Future Holds for Us
Research conducted by the Internet and Mobile Association of India (IAMAI) along with Praxis Global Alliance, predicts that the Indian health technology sector is expected to skyrocket from US$1.9 billion in 2020 to an astounding US$5 billion by 2023.
The RBSA analysts predict this number will reach US$50 billion within the next two decades. With over 7500 active startups in this industry already, it’s easy to see how excited we are for what comes next – especially when you consider just how many more up-and-coming ventures there are yet to be born!
As one of the fastest growing industries, these startups offer various innovations in areas such as telemedicine, e-pharmacies, diagnostics, and digital transformation. These are just some examples of how technology is helping change the health and well-being landscape.
Altogether, we can expect more accuracy in diagnostics and patient outcomes big data & analytics in clinical records. Robotics in surgeries, lab automation, doctor training, and trauma response will elevate patient care.
Furthermore, health tech start-ups have enabled doctors and hospitals to streamline their operations through the use of digital care ecosystems. These offerings take care of bookings, monitoring patients’ progress, administrative tasks, procurement processes, and more.
Wrapping Up
Overall, the health tech industry will take a giant leap in order to elevate global fitness & wellness standards. Eventually, the invention of newer technologies and much more disruptive use cases, such as vaccines for dangerous viruses.
And treatments for critical illnesses, early diagnosis for genetic disorders, treatments for mental conditions, and much more, all seem within reach.
Fueled by passionate health tech companies, founders and investors, the future of healthcare in India seems extraordinarily brighter than ever before.
FAQs
Q. What does a wellness-management app do?
A fitness tracking app monitors all your health and fitness-related activities, such as walking, running, and workout. You can easily see the information about your fitness activities on the app’s dashboard. You can download these apps from an app store.
Q. How much does it cost to make a fitness app?
The cost of developing a fitness app mainly depends on your requirements. If you need a fitness app with basic features, the development cost would be comparatively lower. OrangeMantra offers competitive pricing for all kinds of fitness apps.
Q. How do I create a fitness app?
If you are a developer, you need to follow the standard mobile app development process along with some additional steps. If you are a professional service provider, you can easily hire mobile app developers to build a fitness app for you.