The pandemic has impacted the lives of millions, caused markets to tumble, unemployment to spike and a general feeling of uncertainty concerning the future of the nation and the world. These issues have dominated headlines for the past few months overshadowing the advancements made in the private sector to fight the virus. Tremendous pressure was put on the healthcare sector as demand for ventilators, PPE and staff drastically increased while supply was slowly moving to match.
Approval of new drugs and advancements in a historically slow-moving, cautious and deliberate industry came swiftly. The use of AI, machine learning and general tech in the industry was perhaps the most notable of these advancements. This includes the use of Artificial intelligence in finding new drugs to defend against the virus and ways of identifying early-onset symptoms. Telehealth also played a significant role in fighting Covid-19 with remote doctor’s visits up 4,337% in March 2020 compared to that of 2019. The most interesting development occurred in DIY and open source to support front-line workers and hospitals including 3D printed face shield and designs for ventilators. Healthcare providers' post-coronavirus financial struggles will likely promote the model of frugal innovation and low-cost development to increase, according to Frost and Sullivan's Shah.
No comments:
Post a Comment