Top Four Emerging Technologies in MedTech for 2023

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Research made by Cyborgcare

Top Four Emerging Technologies in MedTech for 2023

2023 is set to be a breakthrough year for the healthcare industry, with exciting advancements in medical technology on the horizon. Cutting-edge IoMT systems will provide medical professionals unprecedented access to patient data, and digitized communication methods will revolutionize collaboration across sectors. These technological leaps forward could bring major improvements to patients' experiences as well as streamline common processes via automation - putting us one step closer to realizing 'The Year of Medical Technologies.' The increasing U.S. expenditure into this field makes it more likely that these powerful tools will become a reality very soon!

Wearable Medical Devices

The Internet of Medical Things (IoMT) has undergone wonderful advances lately, connecting medical devices, healthcare software, and IT services together to seamlessly exchange data. While we have seen wearable medical devices in the past, technological improvements are what make them exceptional today. With multiplied sensitivity and accuracy, these devices enable people to track their health markers - such as heart rate and blood pressure - on a regular basis. Furthermore, smartwatches and other similar gadgets provide individuals with the power to monitor wellness activities without ever having to leave their homes or office. That said, it is crucial for people to be able to identify high-risk signals and take control of their overall health; advancements in this specific field make this all possible.

Machine Learning/ Artificial Intelligence (AI)

AI and Machine Learning (ML) have enormously accelerated the drug discovery process. Not only are AI algorithms more efficient than traditional research methods, but their accuracy is also unequaled by human capabilities. According to the Pharmaceutical Research and Manufacturers of America, only about 5 in 5000 candidate drugs are able to enter clinical testing in humans, with 10% reaching Phase I. However, ML algorithms are capable of far greater accuracy and speed when it comes to developing new medicines. As a result, the AI/ML healthcare market is predicted to reach $20 million by 2023. Recently, Exscientia created history with the first drug developed using machine learning alone to enter clinical trials for OCD; the possibilities provided by this amazing technology appear endless!

Nanomedicine

​2023 marks the dawn of a new generation of medicine with the emergence of nanomedicine. Thanks to advancements in AI-driven computer simulation, researchers have been able to successfully create tiny self-replicating organisms - aptly named "xenobots" - using stem cells derived from Xenopus laevis embryos. With this fascinating breakthrough comes the potential for revolutionary advancements in cancer research and environmental protection; xenobots may be useful for attacking and eliminating cancer cells in the human body or collecting microplastics from the ocean before they reach dangerous concentrations. As nanotechnology continues to progress over time, we may soon be able to create incredibly complex molecules not only to combat illness but also as innovative replacements for various materials used by traditional industry.

Telemedicine

2020 has been a tumultuous year, yet amidst the chaos, one development promises to revolutionize healthcare: digital communication. Countries worldwide are increasingly integrating telehealth services, and thanks to 5G wireless technology in America, even those who need it most have gained better access to remote medical care. Even though much is still unclear as we enter 2021, there's no doubt that this shift toward virtual solutions offers tremendous potential for improved patient outcomes down the road. Telepsychiatry is one example that has been gaining traction, while other areas, such as clinical trials, have seen the benefit of remotely reducing patient burden when it comes to travel costs. With rising healthcare delivery costs along with an international shortage of clinicians on-hand, we foresee telemedicine continuing its rise for years to come - reaching even further into 2023!

Conclusion

The race for technological advancement is one that does not seem to be slowing down anytime soon. As our world and the medical industry faced many challenges in 2020, it pushed us to seek out solutions that will help mitigate these issues moving forward. Luckily, there are a plethora of companies working on developing innovative new technologies that have the potential to make a significant impact within healthcare over the next few years. Some of these include nanomedicine, AI-enabled clinical decision support tools, digital therapeutics, and more personalized medicine approaches. While it remains to be seen which of these will take off and prove most beneficial for patients and providers alike, it is clear that they all hold great promise for transforming how we deliver care now and into the future.

 Research made by Cyborgcare