HealthTech is a booming sector and in 2016 more than 250 companies received significant levels of funding- over 2M$ each – with areas such as consumer experience and wellness attracting the bulk of investment.

Many people would accept being implanted with a chip containing their medical records
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The research by MWHomecare also discovered that a significant number of young people – aged between 24 and 28 – believe that doctor consultations as we know them will soon become obsolete, replaced by various alternative technologies. These are people who also have no qualms with the idea of having a microchip containing their medical records implanted under their skin to improve efficiency in healthcare provision.

2 Billion dollars could be saved every year by implementing new healthcare technologies
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Governments around the world are investing heavily into modernizing their own healthcare provision, with Singapore leading the way by committing over $13 billion to a five-year R&D plan focusing on biomedical sciences. Hardly surprising when you consider that an estimated 2 billion dollars could be saved every year by correctly implementing new technologies in the field.

Mobile health apps market will be worth over $31 billion by 2020
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Mobile continues to grow and it is predicted that by 2020 the health apps space will be worth in excess of $31 billion, with fitness apps commanding a 30% share of that booming market.

This infographic shows some of the trends that have emerged in the HealthTech space in 2016. And with big players like Apple increasingly looking to expand their reach and technologies such as Augmented Reality becoming more pervasive in the sector there’s little doubt that we will continue to see interesting developments over the course of 2017.

Young people believe technology will soon replace traditional medical consultations
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Alice Bonasio is a VR Consultant and Tech Trends’ Editor in Chief. She also regularly writes for Fast Company, Ars Technica, Quartz, Wired and others. Connect with her on LinkedIn and follow @alicebonasio and @techtrends_tech on Twitter.