![]() ![]() ![]() We identify nine emerging technologies: connected and cognitive devices, electroceuticals, targeted and personalized medicine, robotics, 3D printing, big data and analytics, artificial intelligence, blockchain, and robotic process automation. For instance, the cost of genome sequencing has dropped significantly over the past decade and a half.Įmerging technologies are reshaping healthcare in multiple ways-how consumers access it, how and which providers deliver it, and what health outcomes it achieves. Once progress gets underway and the exponential improvements seen typically with information and communication technologies take root, at-scale costs could drop rapidly. The next five to seven years are likely to require a sustained upshift in investment to unlock the potential of these assets, and the strategies used to pursue this potential could have significant effects on both their effectiveness and rate of adoption. Technology-driven progress can be quite expensive in the early days as initial R&D costs are amortized. ![]() National health expenditure projections, 2018–2027. Could technology, enabling delivery of healthcare advances while improving affordability, be part of the solution? We have reviewed the evidence, done the math, and identified technology-enabled use cases that could create between $350 billion and $410 billion in annual value by 2025 (out of the $5.34 trillion in healthcare spending projected for that year 3 Office of the Actuaries in the Centers for Medicare & Medicaid Services. cdc.gov.) Yet these improvements have come at a cost-an ever-expanding portion of the US GDP is being consumed by healthcare expenses. National Center for Health Statistics Data Brief, no. 1 For the past three years, life expectancy has declined, largely because of a broader set of behavioral health issues. Healthcare advances have delivered great benefits to society, bringing material improvements in average life spans and quality of life. ![]()
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