(Dubai) Arab Health, the largest exhibition for healthcare and trade professionals in the MENA region, has outlined the role of tech start-ups in playing a more vital role in the healthcare industry in areas such as personalized medicine and more efficient technology-enabled care models. The report titled “Technology: Accelerating Innovation Across Healthcare” revealed that digital health start-ups are said to have raised $ 1.5 billion in 2017, up 27% from 2016, exponentially increasing the pace of digital innovation in healthcare.
“The market is ripe for new healthcare start-ups and entrepreneurs looking to make their mark on the industry. Over the years, we have seen growing interest in new products and innovations that will contribute to shaping the future of healthcare. Hospitals, medical device manufacturers and service providers across the globe are facing increasing pressure to innovate in order to become competitive,” said Ross Williams, Exhibition Director of Arab Health.
The report outlines the positive impact of technologies such as Artificial Intelligence (AI), Virtual Reality (VR), wearable technologies, 3D printing and drones as an agent for transformation in healthcare. According to Research & Markets, the global wearables medical devices market will reach $14.41 billion by 2022, up from $6.22 billion in...