Future Health Care and Medical Entrepreneurship in the Age of Pandemic

Muhammad Usman Tariq ()
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Muhammad Usman Tariq: Abu Dhabi School of Management

Chapter Chapter 9 in Medical Entrepreneurship, 2023, pp 133-149 from Springer

Abstract: Abstract Healthcare systems are on the edge of the most significant flow in activity over a century. The stream has been met by extraordinary innovation and adoption in the entire sector. The healthcare industry is going through revolutions and will evolve in the postpandemic era. As people avoided in-person hospital visits, telemedicine and telehealth were the natural beneficiaries of augmented patient demand. Telehealth patient numbers increased from 3500 to 4500 percent during the beginning of COVID-19. International venture capital funding for digital health firms broke records worth $6.3 billion in funds during the first six months of 2020. Known platforms, such as Amwell, an international leader for telehealth solutions for doctors and patients, were in a significant position to provide this demand. Apart from conventional telehealth services, a new sort of solution that permits people to edge with an artificial intelligence system before a human doctor is contacted observed robust growth. It is the type of service that is at the forefront of using artificial intelligence to examine patients using image and voice recognition. There has been an immense acceleration in vaccine development media over the past year. The most known names involve Moderna and BioNTech, which use mRNA mediums to bring the first COVID-19 vaccines to market at the end of 2020.

Keywords: Health care; Medical; Entrepreneurship; COVID-19; Pandemic; Artificial Intelligence (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-6696-5_9

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DOI: 10.1007/978-981-19-6696-5_9

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