Tag: digital healthcare

Adapting to innovation takes time and effort. It took the telephone 64 years, electricity 45 years, and computers 23 years to achieve 40% consumer adoption. Although healthcare is not unique in slow innovation and adoption, it is a laggard and other sectors have been innovating better, faster and smarter.

According to the World Economic Forum, artificial intelligence (AI) can contribute up to USD 15.7 trillion to the global economy by 2030. However, in Africa, AI market growth has stagnated. Estimated at USD 870 million in 2021, with marginal growth forecasted until 2024.

With digital transformation and rapid advances in technology meaning change in the market is swift and constant, businesses must keep up, or face being left behind. Agility is the key to business success and the healthcare industry is no exception.

Greater adoption of digital platforms and strengthening the digital healthcare ecosystem will significantly reduce medical and drug errors in both the private and public healthcare sectors, leading to improved patient outcomes and lower healthcare costs.

Healthcare in South Africa is in a state of flux due to a shifting regulatory landscape compounded by the current economic challenges the country is facing. This environment can be complex and challenging to navigate for most people, even if they have already purchased health cover products.

The pandemic has put a significant strain on all industry sectors none more so than in healthcare where there was a need to adopt more data-driven planning and decision-making at lightning speed. At a time when expanding remote care, telemedicine, and m-health initiatives have become the order of the day, the spotlight has turned to the safeguarding of sensitive information at a scale comparable to the financial services sector.

We have released a 32-page white paper, detailing the rise and impact of digital health – a sector which is projected to evolve into a trillion-dollar global market by 2030. This is a first in a series of five reports aimed at covering the breadth of the digital healthcare sector.