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Madison Loomis

8 Rising Healthcare Technology Trends


Healthcare Technology Trends


1. Telemedicine Usage Increase: Telemedicine saw a significant surge in adoption, with a reported increase of over 150% in virtual healthcare visits during 2020 compared to previous years.


2. Wearable Health Tech Growth: The wearable health technology market has been growing steadily, with an estimated increase in global revenue from $27 billion in 2019 to $64 billion by 2024, representing a compound annual growth rate (CAGR) of approximately 18%.


3. Artificial Intelligence (AI) Adoption: The use of AI in healthcare has been rising, with an expected CAGR of around 41% from 2020 to 2025. By 2025, the healthcare AI market is projected to reach $51.3 billion globally.


4. Electronic Health Record (EHR) Usage: Adoption of electronic health records continues to increase. In the United States, for example, about 89% of office-based physicians used EHR systems as of 2020, up from 87% in 2017.


5. Digital Health Funding: Investments in digital health companies have been growing rapidly. In 2020, digital health funding reached approximately $14.1 billion globally, a 66% increase compared to 2019.


6. Remote Patient Monitoring (RPM): The RPM market has been expanding, with estimates suggesting it will grow at a CAGR of around 17.9% from 2020 to 2027, reaching a market size of approximately $3.5 billion by 2027.


7. Healthcare IoT Devices: The number of connected medical devices and sensors continues to rise. By 2025, it is estimated that there will be over 50 billion IoT devices deployed across various industries, including healthcare.


8. Genomics and Personalized Medicine: The cost of genome sequencing has been decreasing rapidly. The cost to sequence a human genome has dropped from around $100 million in 2001 to less than $1,000 in recent years, leading to increased adoption of genomic testing and personalized medicine approaches.


These data points illustrate the increasing integration of technology into various aspects of healthcare, driving improvements in efficiency, accessibility, and patient outcomes. However, how does this translate to other areas of the business, like Talent Acquisition?


  1. Diverse Skillsets: Seek candidates with a mix of medical and technological expertise.

  2. Upskilling Programs: Invest in training to keep the workforce proficient in new technologies.

  3. Competitive Compensation: Offer attractive packages to attract and retain top talent.

  4. Work-Life Balance: Prioritize flexibility and work-life balance to appeal to professionals.

  5. Remote Work Opportunities: Embrace remote work to widen the talent pool and reduce overhead costs.

  6. Employer Branding: Showcase innovation, development opportunities, and positive culture.

  7. Streamlined Recruitment: Use technology to enhance efficiency in hiring processes.


Don't have the resources or time to invest in your talent process?


Reach out to Advanced Scope - The US leader in Healthcare Tech Recruitment.



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