COVID-19 Impact: Emerging Trends in Digital Health

1. COVID-19 Impact: Emerging Trends in Digital Health

2. As the pandemic is taking in more days, the more we are getting into the virtual mode of almost everything keeping in mind the social distancing. With doctors, staff, and patients dreading to come in contact with the virus, everyone is turning towards the digital health trends that will not only improve the healthcare standard and innovation perspective but it will also bring in better revenue for the future. As per the Indian Express, China’s GDP dropped by 36.6 percent in the first quarter of 2020, while South Korea’s output fell by 5.5 percent, whereas, in Europe, the GDPs of France, Spain, and Italy fell by 21.3, 19.2 and 17.5 percent respectively. Also, there is a total of a 3% decline in the global economy due to the COVID-19 outbreak till now. This is a cause that more such trends are and should be adopted in order to cover up the disruption of the economy as a whole. The best and most secure way is definitely to go digital and towards the adoption of technology. To improve healthcare trends and standard when already the sector is facing issues due to an upsurge in the COVID-19 patients, there is a palpable demand for digital healthcare which is growing by the day. 2 © Copyright 2020. ExpertsConsult. All rights reserved

3. These are the following trends in digital health. • AI • 3D Printing • Technology • Rehabilitation • robotics • Telehealth • & Telemedicine • Digital behavioral • health • Patient • monitoring 3 © Copyright 2020. ExpertsConsult. All rights reserved

4. AI-Based Digital Diagnostics Amid the COVID-19 outbreak, the diagnostic services as well as equipment are running short in numerous hospitals. Hospitals are also facing an upsurge in the COVID-19 patients which ultimately demands a greater service at hand making it all the more difficult for the limited number of staff members and doctors to take care of such a number and handle the situation. In such a crisis, applications and software tools are of huge aid. Hospitals are turning to technology and digital adoption for surviving through the pandemic. AI is of huge aid to the healthcare industry as it provides efficiency, effectiveness, and less time and effort consumption. In the form of smart wearables, testing, and tracking systems, AI-based digital diagnostics is helping doctors in witnessing more than one patient’s health condition at once. AI applications are used primarily for screening, monitoring, and diagnostic assistance which involves algorithms that reports the X-rays and other radiology related images, it even aids in scanning pathology slides, assessing fundus images for signs of retinopathy, reading ECGs, and in spotting any abnormal pattern of the heart rate or any test. 4 © Copyright 2020. ExpertsConsult. All rights reserved

5. On the other hand, the tools or software such as trackers are not just systems that keep a check on the patient’s health but also warns and alarms if any change or issues occurs in the health condition of the patient. The diagnostics based on artificial intelligence is making the tests automated and simultaneously consuming less time, effort, and reducing errors. It is also helping in making clinical decisions by integrating a huge amount of data acquired from lab results, smart wearables, digital diagnostics tools, lab results, electronic medical records (EMRs), etc. Not just this, many companies that have adopted AI have been using it as a urinalysis test kit that utilizes computer vision to distinguish signs of early kidney disease or urinary tract infections. Also, companies are developing AI-based imaging systems in order to provide fast detection and diagnosis of COVID-19. Whereas Ophthamalogy in healthcare technology is the leading sector with a wide range of innovation-based technologies such as high-quality imaging of retina and cornea with smartphone coupled devices. Artificial Intelligence is also used for the screening of diabetic retinopathy are developed, tested, and brought into clinical use. 5 © Copyright 2020. ExpertsConsult. All rights reserved

6. Usage of 3D Printing Technology in the Healthcare sector Technology is in high demand now. With everyone going digital and turning to the technology to help and survive through the pandemic, another such application of technology has emerged with great benefits for the healthcare sector. 1- For the protection of face, the 3D Printing technology has provided face shields to protect not just your nose and mouth but also your eyes. It comes as a shield worn at the front of the head which can be cleaned with a disinfectant too. Most companies deployed with the 3D printers are producing face shields to overcome the challenging situation of the shortage of Personal Protective Equipment (PPEs), the doctors are in greater demand for protective pieces of equipment. 2- Many companies are providing the 3D Printed Emergency Ventilators. With a huge shortage of ventilators, these 3D Printed Emergency Ventilators are providing patients with a proper breathing treatment. 6 © Copyright 2020. ExpertsConsult. All rights reserved

7. 3- The other such 3D printed aiding factor lies in the 3D printed respirator valves which are also helping patients with mild breathing issues to breathe easily. As per reports of research, the valves are designed to be used for a maximum of eight hours at a time. 8 © Copyright 2020. ExpertsConsult. All rights reserved

8. Digital Behavioral Health Behavioral health or mental and psychiatric health is gaining a day by day demand along with its treatment, therapies, and awareness amongst the people. Mostly due to the behavioral health conditions, people try to cope with it by going or interacting digitally using apps or different recommended websites. Now when there is already a barrier of communication directly, the digital behavioral health treatment and sessions take place online using digital platforms. Moreover, with technology on its elevating state, the innovation of digital behavioral healthcare has spiked due to the Coronavirus outbreak. Since people are stuck at home all day, most of them being alone are facing several mental health and depression issues that have resulted in a sudden growth of the google search concerning the terms “depression” and “mental health” since March 2020. 9 © Copyright 2020. ExpertsConsult. All rights reserved

9. Patient Monitoring Patient care and monitoring digitally have been on the rise due to the Coronavirus outbreak. With everyone practicing social distancing digital patient care and monitoring is being practiced via many ways such as digital pharmacies, on-demand patient monitoring, care, and healthcare services, virtual consultation, and ambulance services. Telehealth and telemedicine are such innovations of technology that have taken a twist in the uprising demand of digital healthcare. With people avoiding direct contact with other people, many patients are going through a digital consultation and pharmacy option than the traditional ones. It is also cost-effective in nature saving all the travel money and effort. 9 © Copyright 2020. ExpertsConsult. All rights reserved

10. There are many already set up apps and websites for telehealth helping and monitoring patient’s health remotely. As per the Rock Health, funding for on-demand healthcare and monitoring companies is to multiply in 2020. In the first half of the year, the on-demand healthcare services received $1.1B, while disease monitoring firms raised $831M. 10 © Copyright 2020. ExpertsConsult. All rights reserved

11. Rehabilitation robotics Rehabilitation robotics is a field of research in technology that is used to recognize the scopes and different fields in the rehabilitation with the application and help of robotics automation. The technology of robotic automation is used to develop and master a tool that helps in the movement of legs, arms, ankles, hands, of the people who suffer from motor impairments. It helps mostly the geriatric people who are diagnosed with strokes. Developed for mostly senior care services, rehabilitation robots falls under emerging healthcare technology. It includes a broad range of electromechanically assisted training robots that improves the functions of the body parts that have lost the ability to move. The first robot that was used as a rehabilitation robot was “MIT-Manus” that helped patients with strokes to reach across a tabletop as they were unable to move their arms or legs 11 © Copyright 2020. ExpertsConsult. All rights reserved

12. The exoskeleton is used in rehabilitation robotics uses sensors that are placed on the skin of the patient to detect electrical signals simultaneously responding and providing movement at the joints. It is designed to help patients from recovering lower limb disorders such as spinal cord injuries or strokes. Not just this,an exoskeleton suit has also been designed around 2019 that provides “machine-brain connectivity”, for example- exoskeleton helped a paralyzed man to move his arms, legs, and body by reading his mind. Healthcare technology came out as the biggest asset at the time of crisis such a the pandemic Coronavirus, and it is not difficult to imagine how useful it would be on normal days too. Moreover, as per Stratistics MRC,the Global Rehabilitation Robots Market was valued for $596.66 million in 2018 and is expected to grow at a CAGR of 20.3% during the forecast period and reach $3,148.61 million by 2027. 12 © Copyright 2020. ExpertsConsult. All rights reserved

13. Healthcare Market Insights & Future Growth The Healthcare sector along with other fields in the market is also growing very fastly with the help of technology, digitization, and innovation. With so many different applications, digital platforms, and software tools, the healthcare sector has managed to obtain results that consume less time and effort and also provides a source that offers revenue. With increasingly implementing new strategies and tools such as AI, Data Analytics, IoT, Cybersecurity, and different types of equipment that helps in returning the reports at breakneck speed is helping in the recovery of a patient at a better rate. Moreover, as per a recent study report by Market Research Future (MRFR),the healthcare consulting services market is poised to register a CAGR of 10.4% throughout the review period (2019-2024). The demand for an increased response rate along with fast recovery and diagnosis is driving the healthcare technology market which is definitely pushed by the COVID-19 outbreak. Other factors include the rising adoption of health consultancy services, increasing competition in consulting in the healthcare industry, and the rising initiatives to improve the healthcare sector with technology and digital adoption. 13 © Copyright 2020. ExpertsConsult. All rights reserved

14. Moreover, the Digital Health Market size was estimated to be over USD 106 billion in 2019 and is to grow at a CAGR of 28.5% till 2026. However, due to the pandemic, the growth in the adoption of digital and technology in healthcare has increased at an exponential level ultimately resulting in the boosting phase of the industry, especially considering the future. (we can provide a chart similar to the one copied below-) 14 © Copyright 2020. ExpertsConsult. All rights reserved

15. About Us ExpertsConsult is a technology-driven platform that uses advanced techniques including Artificial Intelligence to search and match industry experts based on the required insights. Our system evaluates more than 30 data points to find the right expert from our database. ExpertsConsult helps professionals to connect with experts and seek consultation to overcome business and operational challenges, gain market insights, develop skills, and test ideas. With a strong global network of experts across industry groups and sub-groups, ExpertsConsult is able to offer quick and on-demand insights to clients worldwide. Not just that, we also have a dedicated team of researchers that will help you find an expert matching your requirement through our custom recruitment process. Since our founding, ExpertsConsult has been connecting professionals with subject matter experts across fields. Today we make professionals gain smarter insights by connecting them to our network of more than 50,000 experts, including industry experts, analysts, consultants, academics, retirees, and also subject matter experts. We serve professionals from research firms, management consulting firms, corporations, and other professional services firms. 15 © Copyright 2020. ExpertsConsult. All rights reserved

16. THANK YOU! 633, SE Clay St Portland,Oregon 97214 USA info@expertsconsult.org +1-971-336-6410 www.facebook.com/ExpertsConsultLLC/ www.linkedin.com/company/experts-consult-llc/ www.twitter.com/ExpertsConsults