What is VRS Health Point #2

Hello, I’m Verry from VRS.
Today, I would like to talk about “smart healthcare.”

The keywords that represent the Fourth Industrial Revolution are Hyper-connectivity and superintelligence, and we predict that everything will be connected and transformed into an intelligent society.
The healthcare industry is growing into a smart healthcare market that uses advanced information and communication technologies to receive health care anytime, anywhere. Not only in Korea, but also in advanced countries around the world such as the United States, the EU, Japan, and China, the government is promoting the smart healthcare industry, and existing hospitals and pharmaceutical companies are expanding the market in cooperation with ICTcompanies.

The background of development in the smart healthcare market can be divided into four categories. First, the paradigm of medical services is changing from being treated at a hospital when a disease occurs to being prevented by consumers who manage their own health. According to a report published by Samsung Economic Research Institute, the evolution of technology seeds along with changes in healthcare needs has opened the 3.0 era of healthcare, and technological innovation has led to an era of extending health life and reducing medical costs.
Looking at the characteristics of healthcare as the times change, healthcare defines major turning points by century, ranging from 1.0 (the era of public health), 2.0 (the era of disease treatment), and 3.0 (the era of health life).

Second, with the advancement of technology, wearable devices are creating and expanding a “self-health measurement” trend by allowing them to be closely attached to our bodies and continuously grasp biometric information.

Third, the surge in medical costs due to the increase in the number of chronically ill patients in the ultra-aged era is a burden on the public and households, and smart healthcare is paying attention as a solution to the increase in medical costs.

The fourth is the rapid increase in health/medical data. It increased by about 50 times from 500 PB in 2012 to 25,000 PB in 2020. 16,000 hospitals around the world collect patient data, and patients using individual remote monitoring devices have increased by 18% annually over the past five years. Individual patient monitoring equipment measures an average of 1,000 figures per second, which means that 86,400 figures are generated in Howe per patient. The size of healthcare big data generated in this way is about 370TB per individual medical institution.

As explained, we predict that the future of the smart healthcare industry and data value will be bright.