Healthcare & Pharmaceuticals

The healthcare industry is tremendously significant to people globally. This industry includes a range of players like hospitals, doctors, nursing homes, pharmacies, diagnostic laboratories, medical device manufacturers, and many other components of the health care system. According to research from The Economist Intelligence Unit as described by Deloitte, while global annual health spending reached $7.077 trillion dollars in 2015, this metric should balloon to $8.734 trillion dollars by 2020.

With the rising costs of quality care and the growth of the healthcare industry, both start-ups and established firms have an opportunity to bring innovative and cost-efficient solutions to market.



Current Trends



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Artificial intelligence

Artificial intelligence is a subfield of computer science, which has the primary aim of enabling computers to do the work that is normally done by humans.

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Automation

Automation is the technology by which a process or procedure is performed with minimum human assistance.

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IoT

The Internet of things is the network of devices such as vehicles, and home appliances that contain electronics, software, sensors, actuators, and connectivity which allows these things to connect, interact and exchange data.

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Virtual Reality

Virtual reality is an interactive computer-generated experience taking place within a simulated environment.

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Optogenetics

Optogenetics is a biological technique that involves the use of light to control cells in living tissue, typically neurons, that have been genetically modified to express light-sensitive ion channels.

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Organs on Chips

An organ-on-a-chip is a multi-channel 3-D microfluidic cell culture chip that simulates the activities, mechanics and physiological response of entire organs and organ systems.

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Additive Manufacturing

Additive manufacturing is the process of joining materials to make objects from 3D model data, usually layer upon layer, as opposed to subtractive manufacturing methodologies.

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3D Visualization and Augmented Reality for Surgery

Biotechnology has now made it possible for doctors to view an entire 3D image of the inside of a patient’s body through the use of MRI and CT scans.

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Brain Signals to Audible Speech

Scientists are working on creating a device that can translate brain signal to audible speech using voice synthesizer. This would serve as an incredible tool in communicating with individuals paralyzed with disease or traumatic injuries.

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