The health science industry has been driven by new research and innovation, now more than ever, with drug development, greater investment to accelerate drug delivery, and opportunities for medical advances. To put this in perspective, let’s take a look at the clinical development trends of the last decade. There were more than 16,0001 assets in clinical development by 2019, and approximately 1,7002 drug applications being investigated (INDs) were submitted, up from 9,700 drugs in clinical development, and 1,300 IND submitted in 2010. As well as a major investment in drug discovery and research and development, health science companies are also changing the field of data management, business intelligence, and analytical capabilities by embracing digital transformation, artificial intelligence (AI), machine learning (ML), NLP (Language Analysis), and most importantly, automation.
AI has already had a profound impact on our lives, from self-driving cars to smart assistants. In addition, experts predict that AI will soon play a significant role in health care.
In 2022, Artificial Intelligence (AI) will play a key role in health care. This means that doctors will diagnose diseases faster and better, patients will receive specific treatment plans, and medical research will be more effective. It all sounds like a science fiction novel, but it can be true! We look at how AI improves health today and how it will change medicine in the future.
So, what is the future of technology? Who knows, but one thing is certain, something new and exciting comes down the drain. This article will consider the key trends in Life science and the statistics you need to know about health sciences.
The Technology Trends in Life Sciences:
- Wear Technology: Health Care
The wearable technology market will grow exponentially over time. There is no reason why such devices in health care cannot follow. A wide variety of outfits are available today, from fitness trackers to smartwatches. In addition, these outfits can perform a variety of functions, including tracking important signs, monitoring sleep patterns, or providing feedback on mental health conditions. However, in the case of the healthcare industry, wearable technology is still limited to measuring parameters such as heart rate or blood pressure. Despite this, experts believe that the current dress code will soon be overcome. In 2022, wearable technology will provide support for diagnosing certain diseases through data collection. All of this will happen without the necessary surgical intervention.
- Nanobots: Medicine and Dentist
Today, nanotechnology is helping us to live longer because of its ability to detect diseases early and treat them faster. Although the benefits of using this technology in health care are relatively new, their use in dentistry has only recently begun. Once the technology has become commonplace, it is expected that dental care will improve significantly, leading to fewer cavities and tooth loss. In addition, nanobots can help deliver drugs directly to the affected area, making them more effective in treating certain diseases. For example, nanoparticles can be injected into the bloodstream to reach cancer cells while avoiding healthy tissue. They can then release drugs that slow down the growth of the tumor. In 2022, nanobots will have improved power compared to what we see today.
- 3D Printing: Medical Devices
As mentioned earlier, 3D printing technology is used in many other industries rather than creating plastic products, especially in manufacturing. Many companies now use this technology to customize plants, bones, internal organs, and organs. But what if such technology could also be used in health care? Experts say that 3D printers will produce custom-made parts for future human organ transplants. Not only that, but they can also print organs that take the place of amputated people and even the whole human body. Although scientists are still working hard to make this happen, they believe it will not be long before 3D-printed prosthetics match the actual quality.
- Robotic Surgery: New Processes
Thanks to robots, some surgeries are now considered extremely dangerous so that surgeons can operate correctly and safely. Robots are useful in processes that require extensive training in human hands. For example, robotic surgery has already been performed by urologists, orthopedic surgeons, and even neurosurgeons. Recently, robots have been used to change the wrist for the first time. Since robots can sense power and movement with many axes, they can operate with greater precision and speed than their physical counterparts. With the further development of artificial intelligence, expect to see more advanced robots in the operating room soon.
- Gene Therapy: Treatment of Diseases
If you have seen movies like Me, Robot, or Terminator, you will probably know what is involved in genetic therapy. This type of treatment involves introducing healthy copies of genes to cells to better fight infections. It is often treated as a form of medicine and can treat genetic diseases such as hemophilia, sickle cell anemia, and cystic fibrosis. Although still in its infancy, modern advances in science suggest that genetic therapies may eventually be used to treat several other health problems, such as cancer, Alzheimer’s, and heart disease. And if the benefits of treatment outweigh any risks, who knows? Maybe one day, we will all find great strength.
The global market for health sciences is expected to grow. The growth rate is estimated at a CAGR of 6.2% from 2018 to 2022. The report incorporates some of the most advanced technologies that may have an impact on the industry and help it thrive. Some of them include AI, Biometrics, cloud-based services, data statistics, IoT, Robotics, 3D printing, and virtual reality. We hope that these approaches will be closely followed by the research community as you try to figure out which ones will work best for you.
– Amrin Ahmed