If you have any interest in the healthcare industry, whether you work in it or invest in it, you know that it is constantly changing and evolving. As technology advances and the world emerges from the coronavirus pandemic, there will be some definite shifts from times in the past. The following are some of the future trends related to this field.
1. Fewer people will go to hospitals
People go to hospitals when they are dealing with an acute medical issue, like a heart attack or stroke, or when they need to have major surgery. Other people go to hospitals for more minor issues, like a small cosmetic surgery or appointment with a specialized physician. This may change over time; more medical procedures can be completed in outpatient clinics or places near a hospital. Of course, people will still go to hospitals for critical needs, but other people who may have gone in for outpatient surgery in the past may go to a medical building instead. This means that buildings near hospitals and with capabilities of using them for medical needs may become hot in the real estate market. If you invest in commercial real estate, consider looking into these types of spaces.
2. Telehealth is not going away
Telehealth existed prior to the coronavirus pandemic, but the onset of it brought the use of telehealth to the front and center. While some people and services are glad to welcome back in-person visits, some services and individuals realized that some of their appointments could actually be completed via telehealth and did not require a trip to their doctor’s office. In the future, telehealth could make up almost 20% of the healthcare industry’s spending. Look for increased technology and investments in this field in the years to come.
3. Current data is important and useful
As technology continues to advance, more and more data is available. This data can be extremely helpful for people who are dealing with a variety of medical conditions. People with diabetes can monitor their insulin levels through wearable devices, which provide real-time data for them. Other ways to use technology in the healthcare industry include using artificial intelligence and machine learning to better plan for outcomes for hospitals at a macro-level and micro-level. This includes analyzing data in order to identify individuals who may be at risk for severe diseases and then monitoring their biomarkers so that any changes can be addressed quickly. These fields are going to continue to grow, which means more opportunities for employment and investment.