One of the biggest trends in the technology landscape is the internet of things (IoT), which refers to any electronic device embedded with sensors and internet connection, allowing it to not only gather data about the purpose it is achieving, but also sending it through the internet to the relevant person or authority. Now, the IoT concept has penetrated the healthcare industry, especially with the increasing usage of connected medical devices, the most common and easily available of which is a smartwatch or fitness tracker.
Under this initiative, governments of member countries were tasked with offering eProcurement, eHealth, online dispute resolution (ODR), and eIdentification (eID) services. Moreover, the British government invested $52.8 million in the three-year IoTUK program to advance the country’s IoT infrastructure. Similarly, as part of its Smart City Mission, Government of India is planning to provide IT solutions to connect doctors and patients, remotely. As all such smart healthcare initiatives will be implemented around connected devices, government efforts will continue to boost the adoption of IoT in healthcare.
With connected devices, various health parameters, such as heart rate, blood pressure and oxygen saturation, body temperature, respiratory rate and efficiency, blood glucose, and weight, can be monitored and the data sent to doctors over the internet. This way, people do not have to physically be at their doctor’s for regular checkups and consultation, as all of it can be done via web conferencing and other audiovisual software. Further, in the present times, with anti-COVID measures having been implemented around the world, telemedicine is enabling patients to stay home and avoid getting infected at hospitals.
Access Summary - IoT in Healthcare Market Global Industry Analysis and Demand Forecast Report
In the past, North America contributed the most significantly to the IoT in healthcare market, on account of its developed healthcare and IT infrastructure and strong government support for bringing the two fields closer. In addition, the prevalence of cardiovascular diseases, cancer, and diabetes is rather high in the region, which is leading to the rising demand for remote patient monitoring and consulting solutions. During the forecast period, Asia-Pacific (APAC) would witness the fastest growth in the market, due to the rising public and private spending on healthcare information technology (HIT) solutions and increasing geriatric population.
