DEEP DIVE: Emerging Technology in Healthcare and Medicine

Executive Summary

In this report, we examine some of the latest technology in healthcare, such as gene editing and gene therapy, personal genomics, nanomedicine, organs-on-chips, regenerative medicine and other trends, such as wearable technology and robotics. These are some key findings:

• The global digital healthcare market was worth US$60.8 billion in 2013, and is estimated to grow to US$135.9 billion in 2017 and reach nearly US$233.3 billion in 2020.
• There are some 4,000 diseases linked to genetic dysfunction. Conventional drugs do not work for about 75% of cancer (a genetic disease) patients, on average.
• The global nanomedicine market was worth US$248 billion in 2014, and is projected to grow at a CAGR of 16.3% to reach US$528 billion in 2019.
• The market for organs-on-chips was worth some US$31.5 million in 2015, and growth is expected to surge at a CAGR of 70% by 2020.
• New developments in healthcare must solve the problems that patients and healthcare professionals face regularly, in order to become economically viable and successful.
• They also need to get through the long stages of clinical trials and gain regulatory approvals faster, in order to be available to the mass market.