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Top Five HealthTech Trends to Transform 2020

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The definition of healthcare has long been restricted to providing for people after their sickness has been diagnosed. Of late, however, the focus has slowly been shifting towards prevention.

“It’s time to move from reactive sick-care to proactive healthcare by default.” Koen Kas, Healthcare Futurist.

This change in attitude has largely been fostered by technological advancements. Thanks to technology, healthcare experts now have access to previously unavailable data. This makes it possible to monitor patients remotely, fill patient charts faster and optimize diagnosis and treatment time-frames.

The HealthTech industry has grown very rapidly since 2015, and the number of venture-back HealthTech financings has grown by 25 percent.

Healthtech in 2020: What’s Awaiting You

Technology can do exciting things for healthcare especially through Artificial Intelligence (AI), Virtual Reality (VR) and Augmented Reality (AR).
In the coming year, here are the top five trends in HealthTech to look forward to!

1. The Evolution of Immersive Learning

Extended reality is no longer restricted to making video games and CGI for movies. Over the last twenty years, it has evolved vastly and helped develop learning and workplace training.
“Education has found a new dimension with AR/VR technology in the 21st century.”
In the healthcare industry, immersive tools help naïve as well as experienced healthcare practitioners improve their skills without any risk. Learning anatomy is simplified and doctors can perfect difficult procedures in a safe space.
“In 2020, the revenue for VR/AR for education is geared to increase to $300 million, rising to $700 million over the next five years,” suggest reports from Goldman Sachs.

2. Artificial Intelligence That Enables Effective Diagnosis, Process, and Security

Often, there is a big lag in disease diagnosis. Artificial intelligence has reduced this manifold through deep learning and image detection. This will allow doctors to spend time treating patients rather than handle automatable tasks.

”Over the last decade, AI has become more accurate in its diagnosis, being nearly as perfect as healthcare professionals.”

The healthcare industry deals with big data regularly. Processing this manually is difficult and time-consuming. When AI is used, large chunks of data are analyzed rapidly, speeding up processes.
AI can also help win over patients’ trust by improving data security. Many patients are reluctant to give information because they don’t know who can access it. AI can be used to increase data protection through firewalls, authentication, encryption and the prediction of unusual behavior.

3. Telehealth: Connecting Care Providers Anytime and Anywhere

One of the challenges of healthcare is geographical accessibility. Urban residents can access healthcare easily, but people in rural and remote locations cannot.

“The hurdle of healthcare accessibility is overcome with remote monitoring and telehealth, and catapulted further with the introduction of 5G.”

Telehealth and home monitoring make it possible for healthcare practitioners to provide their services without having to meet the patient in person. Although not a holistic response, it can allow doctors to make recommendations and even submit prescription requests.

Augmenting this with AR and VR can bring the doctor’s room to patients’ homes. Thus, they can experience the comfort associated with being in the same physical space as their doctor without leaving their home.

The technological barriers here have been slow network speeds and demanding imaging tools. These congest the network and create a lag in communication that can potentially hurt outcomes.

“5G will hasten image transfer, reduce lag in video appointments, increase the reliability of real-time monitoring and provide rapid access to AI tools.”

With this, as 5G rolls out worldwide, it will make healthcare practitioners more accessible. Patients can look forward to faster diagnosis and treatment, while doctors can optimize their time and prepare for the patient even before arrival.

4. The Significance of Virtual Reality in Healthcare

Virtual reality has applications beyond education in healthcare. The imaging capacities of VR have been used innovatively in medical science.
Some patients cannot be sedated or anesthetized because of their age or health condition. For such patients, more and more hospitals are employing VR headsets. The headsets are fitted with immersive reality, which distracts patients from the pain.

“VR reduces anxiety for patients undergoing complex procedures, and makes the experience less frightening.”

In the coming year, we will see VR expanding to help patients deal with different physical and psychological pain.
Burn patients are very likely to benefit from VR, as their pain cannot be mitigated easily medically. Using immersive reality games such as SnowWorld can help distract them, leading to a 50% reduction in their perception of pain.

Patients of PTSD and phobias often find it difficult to cope with situations in daily life. VR helps with exposure therapy to these triggering stimuli, which hastens the recovery process. Slow exposure has also been found to minimize phobia.

5. Genomic Advancements That Help Comprehend Genetic Intricacies Swiftly & Accurately

Studying genes and their components can be very tricky, as they are difficult to visualize. Not being able to interact with complex data visually slows pattern recognition in the brain.

Genomics is particularly important because it helps detect genetic disorders early. Diseases like thalassemia are linked to genetics, and early detection helps improve the quality of life for patients.

Dr. Maryam Matar from the UAE Genetics Association asserts the role of technology here, saying, “Genetic testing and newer technologies provide an opportunity to understand our genes better and allow us to take action to help subside those genes by following a healthy lifestyle, sleep and exercise pattern.”
VR and AR are helping researchers view these complex structures in a 3D format. With even simple tools such as headsets, they can interact with their data in a new form.

“With VR, you can walk through the genes, examining them part-by-part and detecting interactions.”

AR takes this a step further by projecting these images, allowing multiple people to access this information at once.

The Global Importance of Healthtech

On a global level, these emerging trends have prompted large organizations to focus on technology. Several healthtech events are being organized worldwide, to bring together experts and encourage innovation. The largest health conference in the Middle East and North African (MENA) region, Arab Health, is making the tech revolution the focus for its 2020 event.

With its immersive solutions partner, Munfarid, the conference will bring Futuristic Healthcare experiences in Training, Diagnostic, Therapeutic, and Wellness programs to its attendees. Through initiatives such as #VRforGood and #VRforImpact, these organizations aspire to help the elderly with chronic illnesses and are spreading happiness through improved quality of life for people all around the world.

In a Nutshell

Technology has been the driving force behind innovation in healthcare and will continue to be so over the coming years. It has made procedures safer, more reliable and optimal.
Through recent advances in AR and VR, patients and practitioners can look forward to a brighter, healthier, and happier 2020!

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Health

Polaris Bank Sponsors Free Breast, Prostate Cancer Screenings

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Polaris Bank free cancer screenings

By Modupe Gbadeyanka

To commemorate World Cancer Day observed on Wednesday, February 4, 2026, Polaris Bank Limited is bankrolling free screenings for breast and prostate cancers across the country.

The financial institution partnered with a non-governmental organization (NGO) known as Care Organization and Public Enlightenment (COPE) for this initiative.

At least 100 women would be screened during the exercise, scheduled for Saturday, February 21, 2026, at the C.O.P.E Centre on 39B, Adeniyi Jones Avenue, Ikeja, Lagos, from 10:00 am to 2:00 pm.

The exercise will be conducted by trained health professionals and volunteers, ensuring participants receive both screening services and educational guidance on cancer prevention, self-examination, and follow-up care.

To participate in the free breast cancer screening programme, the applicants must be women, must be Polaris Bank account holders, and must have registered ahead of the day via bit.ly/BCS2026, with selection based on early and confirmed submissions.

Polaris Bank said the initiative was designed to promote awareness, screening, early detection, and preventive care, reinforcing its belief that access to health services is a critical foundation for individual and economic well-being.

The organization is already supporting an on-going free prostate cancer screening programme for 250 men aged 40 years and above across Nigeria.

The prostate cancer screening is being conducted at the Men’s Clinic, situated at 18, Commercial Avenue, Sabo, Yaba, Lagos, providing accessible, professional medical support for male participants seeking early detection and preventive care for prostate cancer.

Both initiatives (free breast and prostate cancer screenings) directly aligns with the United Nations Sustainable Development Goals, particularly SDG 3 (Good Health and Well-being) through improved access to preventive healthcare and early detection services, SDG 5 (Gender Equality) by prioritizing women’s health and empowerment, and SDG 17 (Partnerships for the Goals) through strategic collaboration with civil society organizations such as C.O.P.E to deliver community-centered impact.

Educational materials, community engagement sessions, and digital awareness campaigns will be deployed to reinforce key messages around early detection, lifestyle choices, and the importance of regular medical check-ups.

The Head of Brand Management and Corporate Communications for Polaris Bank, Mr Rasheed Bolarinwa, emphasised that early detection remains one of the most effective tools in the fight against cancer.

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NSIA Gets IFC’s Naira-financing to Scale Oncology, Diagnostic Services

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NSIA MedServe

By Adedapo Adesanya

International Finance Corporation (IFC), a subsidiary of the World Bank, and the Nigeria Sovereign Investment Authority (NSIA) have partnered to provide Naira-denominated financing to NSIA Advanced Medical Services Limited (MedServe), a wholly owned healthcare subsidiary of the country’s  wealth fund.

Supported by the International Development Association’s Private Sector Window Local Currency Facility, this financing enables MedServe to scale critical healthcare infrastructure while mitigating foreign exchange risks. IFC is a member of the World Bank Group.

The funds will support MedServe’s expansion program to establish diagnostic centers, radiotherapy-enabled cancer care facilities, and cardiac catheterisation laboratories across several Nigerian states.

These centres will feature advanced medical technologies, including CT and MRI imaging, digital pathology labs, linear accelerators, and cardiac catheterisation equipment, thereby enhancing specialised diagnostics and treatment.

MedServe provides sustainable service delivery with pricing that matches local income levels, helping ensure broader access to affordable oncology care for low-income patients.

The initiative will deliver over a dozen modern diagnostic and treatment centers across Nigeria, create 800 direct jobs, and train more than 500 healthcare professionals in oncology and cardiology specialties.

The total project size is $154.1 million, with IFC contributing roughly N14.2 billion ($24.5 million) in long-tenor local currency financing, marking IFC’s first healthcare investment in Nigeria using this structure.

This comes as Nigeria advances its aspirations for Universal Health Coverage. This partnership provides an opportunity to leverage private investment to complement government efforts to expand oncology care and diagnostic services.

IFC’s provision of long-tenor Naira financing addresses a significant market gap and unlocks institutional capital for healthcare infrastructure with strong development upside while MedServe’s co-location strategy with public hospitals maximises capital efficiency and strengthens the public-private ecosystem, establishing a replicable platform for future investment.

“This partnership with IFC represents a significant milestone in NSIA’s commitment to strengthening Nigeria’s healthcare ecosystem through sustainable, locally anchored investment solutions,” said Mr Aminu Umar-Sadiq, managing director & chief executive of NSIA.

He added, “By deploying long-tenor Naira financing, we are addressing critical infrastructure gaps while reducing foreign exchange risk and ensuring that quality diagnostic and cancer care services are accessible to underserved communities. MedServe’s expansion underscores our belief that commercially viable healthcare investments can deliver strong development impact while supporting national health priorities.”

“This ambition is consistent with our broader vision for Africa, one where resilient health systems and inclusive growth reinforce each other to deliver long-term impact across the continent,” said Mr Ethiopis Tafara, IFC Vice President for Africa.

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Lagos Steps up Mandatory Health Insurance Drive

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Mandatory Health Insurance Drive

By Modupe Gbadeyanka

Efforts to entrench mandatory health insurance through the Ilera Eko Social Health Insurance Scheme in Lagos State have been stepped by the state government.

This was done with the formal investiture of the Commissioner for Health, Professor Akin Abayomi, and the Special Adviser to the Governor on Health, Mrs Kemi Ogunyemi, as Enforcement Leads of the Lagos State Health Scheme Executive Order and ILERA EKO Champions.

The Commissioner described the recognition as both symbolic and strategic, noting that Lagos is deliberately shifting residents away from out-of-pocket healthcare spending to insurance-based financing.

“We have been battling with how to increase enrolment in ILERA EKO and change the culture of cash payment for healthcare. Insurance is a social safety net, and this mindset shift is non-negotiable,” he said.

He recalled that Lagos became the first state to domesticate the 2022 National Health Insurance Authority (NHIA) Act through an Executive Order issued in July 2024, making health insurance mandatory. He stressed that the decision reflected the Governor’s strong commitment to healthcare financing reform, adding, “When Mr. Governor personally edits and re-edits a document, it shows how critical that issue is to the future of Lagosians.”

Mr Abayomi also warned against stigmatisation of insured patients, describing negative attitudes towards Ilera Eko enrolees as a major barrier to uptake. “If someone presents an Ilera Eko card and is treated as inferior, uptake will suffer. That must stop,” he said, pledging to prioritise insurance compliance during facility inspections. “The key question I will keep asking is: ‘Where is the Ilera Eko?’”

In her remarks, Mrs Ogunyemi, said the enforcement role goes beyond a title, stressing that the health insurance scheme is now law.

“This is about Universal Health Coverage and equitable access to quality healthcare for everyone in Lagos State,” she said, noting that ILERA EKO aligns with the state’s THEMES Plus Agenda.

She commended the Lagos State Health Management Agency (LASHMA) for aggressive sensitisation efforts across the state, saying constant visibility was necessary to address persistent gaps in public knowledge. “People are still asking, ‘What is Ilera Eko?’ ‘Where do I enrol?’ Those questions tell us the work must continue,” she said.

She urged all directors and health officials to mainstream Ilera Eko promotion in every programme and engagement, emphasising that responsibility for health insurance advocacy does not rest with LASHMA alone. “When people come with medical bills, the first question should be: are you insured?” she said, adding that early enrolment remains critical as premiums rise over time.

Earlier, the Permanent Secretary of LASHMA, Ms Emmanuella Zamba, said the investiture marked a critical step in positioning leadership to drive enforcement of the Executive Order across the public service.

“What we are undertaking is pioneering in Nigeria. All eyes are on Lagos as we demonstrate how mandatory health insurance can work,” she said.

Ms Zamba disclosed that enforcement nominees across Ministries, Departments and Agencies have been trained, with a structure in place to ensure compliance beyond the health sector.

According to her, “This initiative cuts across the entire public service, particularly public-facing MDAs, in line with the provisions of the Executive Order.”

She explained that the formal designation of the Commissioner and the Special Adviser as Enforcement Leaders was meant to strengthen compliance, alongside the Head of Service, while also recognising their consistent advocacy for universal health coverage. “This decoration is to amplify their roles and appreciate the leadership they have shown,” she said.

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