In 2022 we saw a formalization and mass adaptation of telehealth along with the very beginning of intelligent Ai. As we enter 2023 more niche verticals within those trends will boom. According to Sid Jawahar of Swiftarc watch for these three industries in 2023.
Telemedicine
What’s the difference between telehealth and telemedicine? Telemedicine is using telecommunications technologies to support the delivery of all kinds of medical, diagnostic and treatment-related services usually by doctors. Such as conducting diagnostic tests, closely monitoring a patient’s progress after treatment or therapy and facilitating access to specialists that are not located in the same place as the patient. While telehealth is similar it is much broader that goes beyond a doctor-patient relationship that can include therapists, pharmacists or even medical training for staff.
Jawahar thinks digital health and virtual care will continue to blossom, specifically conducting treatments remotely. Areas such as pediatrics, fertility and obesity will see a rise in telemedicine and remote patient care in 2023.
Science Backed Skincare
In the last few years there has been a boom in clean, CBD and even celebrity skincare brands. However, many of these fad brands have gone under and more are expected to shut down as the recession worsens. So what is the solution for the skincare industry? Science backed skincare, said Jawahar. “Science backed skincare will become even more fundamental for the skincare industry. All things scientifically and clinically backed will have a deep impact on the skincare and beauty industry. For example, we are seeing more peptide and collagen skincare brands that have been clinically backed.”
Automation
You might relate automation to Ai but it’s much more complex than that. Automation can be done through systems, robots or computers while contributing to operations and productions. While Chat GPT has been on everyone’s mind, industries such as automotive, food, construction, retail and delivery have started to heavily adapt automated processes. “I think what we realized during Covid-19 was that there’s certain things that are still reliant on human capital that can be automated with the existing technologies. Now there’s a push and sort of a move to be able to automate those industries, whether it be on the supply chain side, or food side such as the poultry, meat, food categories. Which again, are still fairly human capital dependent. On the other hand, we are seeing alternative proteins such as aqua protein being developed through robotic solutions. So I continuously feel optimistic about the world where automation has played a deeper role which wouldn’t eliminate, but certainly makes human interaction and involvement more efficient.”