The demand for medical devices in India has increased due to hypertension, diabetes, asthma and better healthcare infrastructure. The Medical Devices Market In India was valued at INR 338.62 Bn in 2017 and new data shows that it will reach a value of INR 794.29 Bn by the end of 2023. Although it ranks as the twentieth largest, there is still lots of scope for something called smart medical device to take the stage and become prominent in all branches of medical science.
Even in the field of Physiotherapy, where devices are hardly ever used to quantify the patient’s condition. So smart devices could be the future, as there is a lot of demand, from patients and doctors alike, to review their progress or diagnostic reports in a way that motivates them to carry on. And which such quantifiable technical results on board, doctors can carry out more effective treatments.
So what else is driving the smart devices buzz?
Healthcare in the future will involve huge records, clever medical devices and advanced equipment will become mandatory if only to make all that data crunching possible. And there could be other devices as well, like bigger statistics-enabled clinical gadgets that can handle processing bigger units of records, with a view of offering more accurate diagnostics.
Smart devices will also make nurses, doctors more flexible when it comes to interpreting consequences. It is this additional capability of smart devices that will revolutionize healthcare enterprise.
If they are connected with, or powered by deep learning, they could even scale up easily, and with that improve how accurate they are in their predictions, and the rate at which they produce new data streams. What this means is that they will be able to use algorithms to learn from patient-specific datasets as and when they are compiled into the devices.
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