Covid-19 Triggers Accelerated Investment In AI, Nanotech
Future Medicine India|February 2021
Economic forecasts say the fallout from COVID-19 is driving huge investment within AI and nanotechnology
Covid-19 Triggers Accelerated Investment In AI, Nanotech

The COVID-19 pandemic and its far-reaching health and economic effects have proved to the world beyond doubt that existing healthcare solutions and technologies aren’t enough to prevent such a catastrophe. It is also increasingly clear that there are inefficiencies in the current centralised healthcare model that lead to poor outcomes, especially in treating cancers, mental health, cardiovascular conditions and the emerging challenge known as long COVID.

On a positive note, experts and industry analysts are of the opinion that these challenges — and attempts to address them — are triggering the greatest transformation in healthcare technologies since World War II. The acceleration of investment in these technologies reflects the recognition that the world cannot afford the human and economic cost of another pandemic.

Industry data shows that 70% of global healthcare spend in the last few months was on just trying to save lives.

Experts say that fresh investments are taking place in areas such as nanotechnology-based diagnostics, biomarkers, vaccines, novel therapies, highly targeted nanomedicines and AI. This should facilitate the move to a more sustainable, digitised, decentralised and democratised and point-of-care-based approach in medicine.

Switch to accelerated model

Investors are already switching to a tech-enabled model, away from traditional healthcare to point-of-care and precision medicine. This delivers sustainable healthcare economics as well as improved life and longevity. Such investment is expected to bring transformational impact and returns over the next decade and beyond.

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