Expanded window to treat stroke patients. These are some of the innovations that will enhance healing and change healthcare in the coming year, according to a distinguished panel of doctors and researchers. Cleveland Clinic today announced the Top 10 Medical Innovations of 2019 at a multi-media presentation that capped off the 2018 Medical Innovation Summit. Now in its 16th year, the annual Medical Innovation Summit is organized by Cleveland Clinic Innovations, the development and commercialization arm of Cleveland Clinic. The list of up-and-coming technologies was selected by a panel of Cleveland Clinic physicians and scientists, led by Michael Roizen, M.D., Chief Wellness Officer at Cleveland Clinic.
Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on solutions for the healthcare sector. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, we are taking a look at 5 promising startups developing cardiovascular devices. For this research, we identified 184 relevant solutions and picked 5 to showcase below. These companies were chosen based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and technology among others.
Medical technology is on the brink of being revolutionized by artificial intelligence (AI). In nearly every area of patient care, from chronic diseases and cancer to radiography and risk assessment, the potential of AI to deliver more accurate, efficient, and effective therapies at precisely the appropriate time in a patient's care is almost limitless. As payment systems change, patients expect more from their providers, and the amount of accessible data continues to grow at an alarming pace, artificial intelligence is set to be the engine driving advances throughout the continuum of care. AI has many benefits over conventional analytics and clinical decision-making methods. As they interact with training data, learning algorithms may become more exact and accurate, enabling patients to acquire new insights into diagnoses, care procedures, treatment variability, and outcomes.
Healthcare industry trends that we witness today are new technologies and solutions that address the requirements for clinical diagnosis, treatment, and disease management. The global COVID-19 pandemic led to an upsurge in technologies for disinfecting, limiting transmission, detecting disease spread, as well as for treatment, patient management, and immunization. The advancements in the healthcare industry range from e-consultations, telemedicine, real-time diagnosis to accessing digital therapeutics provided by immersion technology tools. Genetic analysis, clinical data storage, and big data & analytics enable the development of precision medicine. The adoption of artificial intelligence (AI), the internet of things (IoT), and data management practices is making hospitals smarter. These solutions enhance workflows and staff scheduling and provide connected infrastructure, devices, and systems to accelerate accurate and equitable clinical services. For this in-depth research on the Top Healthcare Industry Trends & Startups, we analyzed a sample of 3.622 global startups and scaleups.
What role will technology play in the healthcare industry in the next year? For venture capitalists and others with interests in the healthcare industry, being able to anticipate industry innovations is critical. However, it isn't enough to simply study emerging technology. While understanding current innovations is important, we also need to study the underlying challenges they aim to solve. A solid grasp of how care delivery is changing provides deeper insights into how new technologies can advance care or resolve real industry problems.