{"id":14177,"date":"2023-12-29T08:00:33","date_gmt":"2023-12-29T08:00:33","guid":{"rendered":"http:\/\/TheNextWeb=1402545"},"modified":"2023-12-29T08:00:33","modified_gmt":"2023-12-29T08:00:33","slug":"the-technologies-set-to-drive-medtech-innovation-in-2024","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=14177","title":{"rendered":"The technologies set to drive medtech innovation in 2024"},"content":{"rendered":"\n
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Recent technological advances are transforming the medtech sector. European companies and research institutions are working on solutions aimed at improving our knowledge and response to genetics<\/a>, diseases that impact millions of people<\/a>, and public health emergencies<\/a>.<\/p>\n

How will this momentum continue in 2024? And which technologies will further push medtech innovation forward?<\/p>\n

Yes, AI<\/h2>\n

From predicting genetic diseases<\/a> to improving cancer treatments<\/a> and making variant-proof vaccines<\/a>, AI has already proved that it can be an invaluable tool in solving some of the biggest challenges in healthcare.<\/p>\n

\u201cIn 2024, we will see significant strides made in the field of techbio, particularly in the promising area of generative AI<\/a> for drug discovery,\u201d Dr Diana Rottger, Principal at APEX Ventures, tells TNW. Dr Rottger expects a higher number of companies in the sector moving forward into clinical development phases, including both in silico and in vivo approaches.<\/p>\n

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The trend towards enhanced diagnostics is also poised to continue especially thanks to the ability of LLMs to process massive amounts of information.<\/p>\n

\u201cAI algorithms can analyse vast amounts of medical data, including patient records, genetic information, and imaging results,\u201d says Dag Larsson, CEO and founder of Doccla, a healthtech startup<\/a> providing a virtual hospital ward.<\/p>\n

\u201cBy identifying subtle patterns and correlations that may not be visible with smaller datasets, AI can therefore assist in the early detection of diseases. This can lead to more accurate predictions and insights, particularly in complex and heterogeneous patient populations.\u201d<\/p>\n

Relieving pressure from the healthcare system is another trend, according to Julia Hawkings, General Partner at VC firm LocalGlobe.<\/p>\n

\u201cYes, GenAI has the potential to enhance medical research, aid drug discovery, and diagnose diseases, but its power over the next year will come from its ability to overhaul the more under-the-radar tasks,\u201d she notes. These include administrative processes, learning support for clinicians, the automation of insurance and provider workflows, and the communication around early disease detection.<\/p>\n

The quantum push<\/h2>\n

The quantum revolution might still be a few years away, but industries (and states<\/a>) are already jumping on the bandwagon of what could be a life-changing technology. In healthcare specifically, quantum computing is expected<\/a> to reach a global market size of $1bn (\u20ac0.9bn) by 2030 \u2014 underscoring the rising importance of the tech in the future of the medical sector.<\/p>\n

The impact of quantum on healthcare could be massive, to say the least, thanks to the ability of quantum computers to process trillions of units of information at the same time, enabling them to be exponentially faster than their classical counterparts.<\/p>\n

\u201cThere are various quantum technologies with the potential to be game-changing for the medtech arena,\u201d Ilana Wisby, CEO at UK-based Oxford Quantum Circuits (OQC), tells TNW.<\/p>\n

One of them is quantum simulation, the ability of high-quality qubits in quantum computers<\/a> to model molecules and simulate chemistry. According to Wisby, quantum simulation could have a \u201cpotentially profound impact\u201d on drug discovery and currently incurable diseases.<\/p>\n

\u201cTheoretically, quantum computers can simulate the complete problem in drug development because they can simulate chemistry and molecules with an unprecedented precision,\u201d she explains.<\/p>\n

\u201cThis will enable pharma companies to simulate larger, more complex molecules as they develop new drugs \u2014 how they act and react \u2014 in a way classical computers can\u2019t, resulting in billions of R&D savings and reduced time to get these new drugs out into the market.\u201d<\/p>\n

Another potential benefit lies in the power of quantum machine learning which can deliver \u201cfaster and more accurate data pattern identification, classification, data compression, and image classification.\u201d This could enhance diagnostic tools and lead to the creation of predictive models for diseases.<\/p>\n

Virtual care, remote monitoring, and VR<\/h2>\n

\u201c2024 will see the continued use and streamlining of remote treatment options to better meet the clinical needs of more patients, as well as easing the pressure on hospital capacity and staff,\u201d Dr Owain Rhys Hughes, founder and CEO of Cinapsis, a London-based platform for planned and urgent care advice and guidance, tells TNW.<\/p>\n

Dr Hughes believes that the coming year will see the wider uptake of such solutions, including virtual hospital wards and remote monitoring equipment like wearables \u2014 whose estimated global market value<\/a> has reached $30.06bn (\u20ac27.3bn) in 2023.<\/p>\n

According to Amanda Philpott, co-founder and CEO of hearing training app eargym, the upcoming further growth of wearables and health apps will bring another benefit: awareness of under-recognised health conditions that have serious implications for both individuals and resources.<\/p>\n

One such example is heart health. \u201cWe have seen a dramatic increase in demand for cardiac monitoring apps which educate users about the importance of understanding invisible illnesses and the associated symptoms which can impact millions of people worldwide,\u201d she says.<\/p>\n

Meanwhile, in response to the record-high waiting times<\/a> for operations across Europe<\/a>, next year will bring virtual and mixed reality to the fore, predicts Alison Sundset, CEO at Oslo-based Holocare, which provides a holographic toolkit for 3D surgical planning.<\/p>\n

\u201c2024 will see surgeons wearing VR headsets that enable them to visualise a patient\u2019s organs through interactive holograms, to plan smarter, safer operations,\u201d Sundset tells TNW.<\/p>\n

The tech\u2019s ability to offer a shared spatial view of a patient\u2019s anatomy, she explains, will benefit surgical planning as well as in-person and virtual communication among teams, which can also enable collaboration beyond geographical boundaries.<\/p>\n

Outside of the operating room, VR<\/a> and MR can be a \u201ccatalyst for the upcoming workforce\u201d by allowing healthcare professionals to practise in risk-free virtual environments, speed up their learning process, and even reduce the risk of burnout.<\/p>\n

According to Sundset, next year \u201cthese developments will shape what will become the new norm of surgical practice.\u201d<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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