In an era dominated by technological advancements, the healthcare industry has been undergoing continual transformations, begging the question, Are we on the brink of a tech-driven health revolution? Has technology already taken the reins in healthcare, and what does this mean for the future? Let’s explore the healthtech landscape, with a specific focus on Kenya.
The Current State:
Tech’s Takeover in Health:
It is undeniably evident that technology is reshaping the very fabric of healthcare as we know it. From wearables that monitor vital signs to virtual hospital consultations and online medicine dispensers, tech is already a prominent player in our health journeys.
Globally and locally in Kenya, several key technologies are making waves. Mobile health apps, remote patient monitoring systems and electronic records are becoming increasingly prevalent. In Kenya specifically, initiatives like M-Tiba, a mobile health wallet, or Zuri Health, a fully-fledged virtual hospital providing healthcare to patients via mobile app, are revolutionizing how healthcare is accessed and paid for. We rarely waste half a day in a hospital queues anymore, for instance, do we?
The healthtech startups have amassed huge success, no doubt. To achieve the amount of success seen in the healthtech industry in a country like Kenya is, indeed,no mean feat. No offense. And a testament to the fact that revolution is inevitable, ready or not. We are talking about a country where the very remote areas barely have stable internet. And, they are majorly making it happen, with Zuri Health, for instance, offering medical services even via SMS.
Looking Forward:
Emerging Health Technologies:
Healthtech, or simply Digital health, is a highly promising eventuality with advances in healthcare technologies such as artificial intelligence, VR/AR, 3D-printing, robotics and nanotechnology.
The rise of artificial intelligence (AI) in healthcare is particularly noteworthy. AI algorithms are being developed to analyze medical images, assist in diagnostics, and even predict outbreaks. In Kenya, initiatives like Ilara Health, which focuses on affordable diagnostic tools powered by AI like Butterfly IQ, exemplify the potential for more effective and economical healthcare solutions.
Startup Scene in Kenya:
As of 2023, there are over 180 health-Tech startups in Kenya, addressing various aspects of healthcare, from telemedicine platforms like MyDawa to health information systems like Afya Rekod.
Funding Dynamics:
All things considered, it is no surprise that health startups seem to have an upper hand in securing funding. All investors, Angel Investors and VCs alike, have one thing in common when making an investment decision; relevance and scalability of a startup. The urgency and relevance of health-related solutions have garnered investor attention. Moreover, the potential for scalable and impactful solutions positions health tech startups favorably in the funding landscapes.
The Role of AI:
Tech giants like Microsoft, Google and Amazon have been battling for their expanding corners of health care universe for years, and AI is a linchpin in this tech-wise health evolution.
Cancer is one of the major areas where the big tech companies have set their sights. From startup funding to R&D investments, companies are leaning into AI for cancer care.
And it is not just the tech giants that want a share of the healthcare market, Pharmaceutical, brands like Moderna also are positive about developing an AI-based cancer cure.
Implications for Traditional Health:
The rise and fast success of Health Tech has put traditional health systems at a crossroads. While technology enhances accessibility and affordability, it also challenges existing paradigms.
Gearing Up for a Revolution:
The signs are clear—healthcare is undergoing a revolution. Ready or not, digital health is inevitable. Embracing this shift, especially in Kenya, entails not just technological adoption but also addressing infrastructural gaps and ensuring equitable access.
The future of health lies in a harmonious blend of tradition and technology, steering us toward a healthier and more connected society.