TRANSFORMATIVE IMPACT OF TECHNOLOGY ON THE HEALTHCARE INDUSTRY: A SWOT ANALYSIS

The healthcare industry has witnessed a remarkable transformation driven by advancements in technology. This research paper aims to probe into the multifaceted impact of technology on the healthcare sector. By analyzing various technological innovations, such as artificial intelligence, telemedicine, electronic health records, remote healthcare, retail clinics and wearable devices, this study explores how technology has revolutionized healthcare delivery, improved patient outcomes, enhanced operational efficiency, and influenced healthcare professionals' roles. This paper has conducted a comprehensive SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis to examine the internal and external factors influencing the integration of technology in healthcare. The research evaluates the strengths and weaknesses of technology adoption, explores the opportunities for further advancements, and identifies the potential threats and challenges faced by the healthcare industry. By employing the SWOT framework, this paper offers valuable insights to stakeholders for strategic decision-making and effective utilization of technology in healthcare. The SWOT paragon provides significant insights to stakeholders for strategic decision-making and optimal technology utilization in healthcare.