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In the Age of COVID, over 90,000 new health apps were released, as the supply of digital therapeutics and wearables grew in 2020. Evidence supporting the use of digital health tools if growing, tracked in Digital Health Trends 2021: Innovation, Evidence, Regulation, and Adoption from IQVIA Institute for Human Data Science.
While the “in-person” visit to a doctor or medical professional continues to rank first as consumers’ most-trusted information source, the virtual doc or clinician rose in trust during the COVID-19 pandemic, according to Euromonitor’s latest read on Consumer Health: Changes in Consumer Behaviour during COVID-19.
In October 2021, the Consumer Technology Association (CTA) announced that Robert Ford, CEO and President of Abbott, would give a keynote speech at CES 2022, the world’s largest annual convention of the technology industry.
Yoga classes, concerts and weddings were streamed via Zoom,” Fjord Trends 2021 from Accenture Interactive observes. Fjord points out that health care is no longer “something that happens to people,” but instead is a pursuit where people are playing a more active role.
Trust in the technology industry has crashed to an all-time low based on the 2021 Edelman Trust Barometer. Most industries lost citizens’ trust between 2020 and 2021, most notably, Technology, dropping the greatest margin at 9 points. As Richard Edelman, CEO, concisely asserted , “Tech loses its halo.”
As a connectedhealth device, Abbott’s FreeStyle Libre 3, and. Withings’ FDA-cleared smartwatch as a health/care wearable technology. Now, consider how services on demand fit into health and medical care… such as Peloton and Hydro, the connected fitness companies. That’s on average.
Growing orders for Peloton and other connected exercise equipment were noted by CTA’s 2021 consumer-tech forecast , anticipating this as a trend that would mainstream as scale economies and competition expanded the market segment while prices fell.
Furthermore, more LGBTQ+ younger people sought health information online compared with others, as well as used mobilehealth apps, connected with providers online, and sought to connect with other people “like me” online. A new mental health risk arose in 2020 in the U.S.
This drove health consumers to virtual care platforms in the first months of the public health crisis — including lots of older people who had never used telemedicine or even a mobilehealth app.
One of the long-time exhibitors at CES is Withings, who once again showed off a host of new-new things for personal health and wellness at CES 2020. Well-known for its direct-to-consumer connectedhealth devices in the forms of weight scales and fitness watches, Withings announced focused on sleep and heart health in its CES 2020 launches.
” Health Populi’s Hot Points: The American Medical Association polled physicians in late 2021 to gauge doctors’ perspectives on telehealth. The report lays out physicians’ majority support for telehealth and key issues preventing further adoption and proliferation of use across the U.S.
On the consumerism front, UHC found that over one-half of people have gone online via either web search or mobile app to find medical services and seek price transparency. About 1 in 2 people said that the process of shopping for health care prompted them to change their health care provider.
Their research shows growing demand for connected solutions for air quality, telehealth, independent living solutions, and other health-adjacent services: Consumer usage of telehealth services increased from 15 percent in Q2 2019 to 64 percent in 2021. 55 percent of U.S.
Local hospitals and health systems — that is, “my” and “our” health care in our neighborhoods and ZIP codes — continue to own the data stewardship equity relationship with patients. Tech companies are much better capitalized than health systems.
GWI identified nine major wellness trends for 2021: Hollywood and the entertainment industries jumping into wellness. The future of immune health. 2021 as the year of the travel-reset. ” The wellness category — and particularly, the ability to scale mental health services via digital technology — is promising.
Expect MDLive’s IPO in 2021. Note consumers’ embrace of tele-mental health, too, in the pandemic that CTA quantified. During the crisis, Ginger, the behavioral health provider, raised $50 million of funding, and Brightline, which provides behavioral health services in pediatrics, scored $20 million in a Series A round.
In this year’s 2021 annual report by Deloitte into Connectivity & Mobile Trends, their report details How the pandemic has stress-tested the crowded digital home. Looking at the right side of the chart, note the pent-up demand for those who have used digital health tech versus those who would prefer to use them.
For growth, Beazley learned that 90% of business were planning for growth in 2021, 62% were raising capital, and one-third were innovating new products and services. The two key risks were client complaints due to misrepresentation, and cyber-attack or system failure. Three in five said their growth was due to COVID-19.
That ethos now pertains to post-pandemic health consumers’ growing use of wearable tech, remote health monitoring, and mobile apps for self-care and chronic condition management. adults in late September 2021, a year and a half into the COVID-19 pandemic. Morning Consult polled 2,200 U.S.
“Compare digital health to airlines, cruise lines, and other industries” and the sector looks quite privileged, opined Matthew Holt in a discussion on a study diving deeply into the State of Digital Health , conducted by Catalyst @ Health 2.0 and sponsored by WIPFLI.
[vc_row][vc_column width=”3/4″][vc_column_text]While thinking about my keynote address at the 2021 American Telemedicine Association (ATA) annual conference, I kept coming back to Daniel Kahneman’s Nobel-prize-winning theory (his book is called Thinking Fast and Slow).
” Ochsner has plans to grow their digital medicine programs in 2021. Our metrics of success are control measures for the disease (i.e. better blood pressure control, better diabetes control, etc.).”
Within the mega-deal trend, Rock Health pointed to three facets of the go-go digital health investment climate: expanding virtual care, research and development digital transformation, and fitness and wellness demand. Several of these organizations launched IPOs during the pandemic, and others plan to go public early in 2021.
Between 2017 to 2021, there was also significant movement in a few other areas: identity and self-esteem (up 11 points from 2017), as well as control and reality (up 7 points between 2017 to 2021). We segue then to a view from Kaiser Family Foundation’s Health Tracking Poll focusing on the cost of health care and prescription drugs.
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