Weekly Business Insights 11/13/2024

The Era of exponential improvement in healthcare

Technology-driven progress can be quite expensive in the early days as initial R&D costs are amortized. The next five to seven years are likely to require a sustained upshift in investment to unlock the potential of these assets, and the strategies used to pursue this potential could have significant effects on both their effectiveness and rate of adoption.

Emerging technologies are reshaping healthcare in multiple ways—how consumers access it, how and which providers deliver it, and what health outcomes it achieves. We identify nine emerging technologies: connected and cognitive devices, electroceuticals, targeted and personalized medicine, robotics, 3D printing, big data and analytics, artificial intelligence, blockchain, and robotic process automation. Some of these innovations are specific to healthcare; others are more advanced in nonhealthcare sectors but hold tremendous potential in healthcare. Use cases and sources of value from these emerging technologies do not exist in isolation. Innovators are considering how to integrate them and deliver transformative change.

As we look toward the future of healthcare, there are four industry-level changes that could disrupt healthcare value pools as they exist today: modernized transaction and data infrastructure; radically more efficient medical supply chain; faster, more effective therapy development; and new, personalized, and intuitive healthcare ecosystems.

The era of exponential improvement in healthcare? | McKinsey

Taking on 2025: Top Trends Shaping the Healthcare Industry

The year ahead will not just bring incremental improvements; it will redefine how care is delivered, how data is managed, and how technology enables more personalized, efficient solutions. For healthcare leaders, staying adaptable and proactive is critical to meet the growing demands of both patients and technology.

In 2025, the move towards personalized medicine will accelerate. Thanks to ongoing advances in genetic profiling, artificial intelligence, and wearable tech, we’re now closer to providing treatments specifically tailored to an individual’s unique genetic makeup, lifestyle, and health data. Artificial intelligence (AI) continues to reshape diagnostics, helping healthcare professionals make faster and more accurate decisions. In 2025, AI will increasingly drive diagnostics in radiology, pathology, and patient data analysis.

After the lessons learned from recent global disruptions, 2025 will see an increased focus on building resilient healthcare supply chains. Technology will play a major role in ensuring that supplies are available when needed.
- Diversifying Suppliers: Reducing reliance on single sources of critical supplies.
- Digital Tracking Systems: Implementing blockchain and other technologies to provide end-to-end visibility.

Taking on 2025: Top Trends Shaping the Healthcare Industry

Must-know healthcare technology trends for 2025

According to Deloitte’s 2025 predictions, real-time health analytics has moved from experimental technology to an essential component of healthcare delivery. The ability to convert continuous streams of health data into actionable insights allows healthcare providers to make informed decisions faster than ever.

Modern medical practices have shifted towards a more comprehensive approach known as whole-person care. Unlike traditional healthcare, whole person care considers a patient’s entire life story, including past experiences, current interactions, and the influence of social determinants of health (SDoH).

Whole person care goes beyond treating only physical ailments. It emphasizes mental health and emotional well-being, social factors, and overall quality of life. This patient-centered strategy results in personalized care programs that can ultimately reduce healthcare costs.

19 must-know healthcare technology trends for 2025 | Pragmatic Coders