The growth of digital transformation in the healthcare sector in Canada is likely to touch
new heights. The chief reason for this drive is the Covid-19 pandemic. In 2020, digital
transformation spending grew by 7% compared to the previous year. In the same year, Canadian
government health funding announcements surpassed $29 billion.

This is large because healthcare is of core importance and forms 11.5% GDP of Canada in 2019.
As a result, having an enterprise operating model and a digital strategy is critical today to
effectively compete in your market. Partnering with digital transformation companies in
Canada will enable your organization to optimize the operational backbone of your organization
and transform its core business functions with digital and AI technologies.

What inspires the change?

The vulnerability of the growing population struggling to get perfect healthcare service is the
chief reason why the demand for digital technology is on the rise. The cost of delivering good
care for senior citizens of elderly age is not that pleasing. This goes to indicate that the increase
in demand for high-quality quick healthcare will remain constant while boosting the spending in
the coming years.

On the other hand, the adoption of digital technology and mobile solutions would help cut the
cost and enable significant access to high-value care in healthcare. Digital devices like
wearables, mobile apps, and virtualized telehealth are all to drive the digitally transformed
healthcare industry in Canada.

Challenges down the path

One of the challenges faced by patients during the covid19 pandemic was the endangered
healthcare system. Due to the fear among people of catching an infection, people needing
hospital visits flinched at going out for a personal meeting with doctors.
Despite the much pressure to adopt newly evolved technologies and sophisticated equipment, a
complete understanding and integration of Machine Learning and Big Data are still missing.

Disruption in the Canadian healthcare sector

As said earlier, wearable devices and mobile apps for telehealth aid are widely embraced during
a pandemic outbreak. Remote health management, as we see now, has massive potential to
change the way patients access healthcare. Also, with the much-improved practices of
healthcare, modern technology-powered healthcare can be delivered at a lower cost in rural
neighborhoods than now.

Owing to big data and ML applications introduced in healthcare, the future will have more
sophisticated applications taking care of clinical challenges. It is easy to measure the exciting
success of digital technology as it is used in many clinical trials and embryonic projects now.

Technology Trends in the Healthcare Sector:

To better understand where the healthcare technology industry is going, studying key tech trends
is important. Although proven systems are often preferred, healthcare providers are seeking new
ways to improve patient care, performance, productivity, ROI, and efficiency.

Here are the healthcare technology trends that have influenced the healthcare sector in Canada:

  • Telemedicine: Telemedicine has turned out to be a rapidly evolving technology that
    provides increased access to high-quality healthcare that is efficient and cost-effective,
    especially in the midst of the COVID-19 pandemic. This technology seeks to improve a
    patient’s health by permitting two-way, real-time interactive communication between the
    patient and the doctor from any distance.
  • The Internet of Medical Things (IoMT): The Internet of Medical Things (IoMT) is a
    technology that evolved from combining IoT development with telemedicine and telehealth
    technologies. This technological approach includes the use of a number of wearables, sensors
    & analysis of many other medical measurements such as temperature, glucose level, blood
    pressure readings, etc.
  • Mobile Health: mHealth activities and healthcare-based medical apps are seeing
    better results in the last few years to accompany the emphasis on giving personalized care to
    singular patients and utilization of data sharing for research in early diagnosis of illnesses and
    related therapy.
  • Big Data and Predictive Analytics: The breakthrough combination of computing,
    advanced database, and analytics software has prompted it to be a truly necessary application
    in the field of healthcare. The tremendous amount of healthcare information generated at
    both organizational as well as individual levels can now be analyzed as reliable and
    calculative experiences anytime, anywhere.

The progressive impact in Canada

Data management is the big pain in any clinical operation and healthcare delivery system. These
woes are effectively addressed by means of centralized health records enabled by health
technology. Centralized health records mean organized data management and much faster patient
data access.

Telehealth services in Canada are triggered by the now prevalent use of wearables, cloud, and
sensors in-patient health monitoring. Data-processing technologies like AI and ML are leveraged
to ensure proper drug delivery and clinical level patient-doctor data management. Artificial
intelligence coupled with machine learning also helps discover drugs and some parts of a
patient’s diagnosis.

Investment in healthcare and its future promises

The 1202 technology companies operating in Canada for healthcare are likely to focus on the
industries such as pharmaceuticals, biotechnology, healthcare devices and supplies, drug
delivery, and software for AI and ML, media, and telehealth, digital health, life sciences.

Even when the pace of healthcare technology growth in Canada was slowed due to Covid19
pandemic challenges, the overall spending on digital transformation in healthcare has reached
C$28 billion. From 2021, however, we are experiencing new growth in the healthcare technology
market and it is expected to reach a CAGR of 13%.

What they say about Canadian Digital Transformation

As said Jim Westcott, research manager of IDC’s Canadian Digital Transformation: Application
and Professional Services program points out, Covid19 is changing the healthcare economy in
Canada which impacts the priority of spending on new health tech-related IT projects and
technologies.

According to Jim, “Digital transformation has emerged as a valuable solution to the
business challenges posed by COVID-19.’ He goes on to infer that there is the possible
emergence of long-term strategies to fight post-pandemic situations through digital
transformation technology by Canadian organizations.

Increasing demand for digitally skilled labors

The Healthcare industry in Canada is also affected positively in terms of having a new breed of
digitally skilled labours in coming years. The new trends in digital health technology and ICTC
together project that, the demand for more competent labors will soar by 2022, with
approximately 119,000 joining healthcare and biotechnology. The ICTC report clearly confirms
the firm connection between healthcare tech trends and the burgeoning requirements of the labor
market.

Final Thoughts:

With healthcare getting digitally sound in Canada, new skills and roles are expected to
enter a diverse set of health technology companies. But now as we get into a post-pandemic
future, the ‘new normal’ refers to the long-term digital strategies that will allow healthcare
organizations to thrive in a fundamentally transformed world.

As one of the leading digital transformation companies in Canada, ZxDigital helps clients
navigate digital transformation journeys and also envision new business models as a result of
emerging technologies.

Leave a Reply

Your email address will not be published.