Why Are IOT Solutions Important for Telemedicine?


IoT Solutions
February 25, 2022 ( PR Submission Site )

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 an internet connection, allowing it to not only gather data about the purpose it is achieving but also send it through the internet to the relevant person or authority. Now, the IoT solutions 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.

One of the biggest factors cited for this is the regulatory and financial support being offered for the integration of IoT in the healthcare industry in numerous parts of the world. For instance, the European Union (EU) invested $18.2 million in the Connecting Europe Facility (CEF) program in 2015 to deploy the digital service infrastructure (DSI) in the region.

Under this initiative, governments of member countries were tasked with offering eProcurement, eHealth, online dispute resolution (ODR), and identification (eID) services. Moreover, the British government invested $52.8 million in the three-year IoT UK program to advance the country’s IoT infrastructure. Similarly, as part of its Smart City Mission, the Government of India is planning to provide IoT 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 IoT in health Market parameters, such as heart rate, blood pressure, 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.

Hence, with governments and private companies investing heavily in advancing their healthcare infrastructure, the demand for IoT solutions for medical purposes will increase.

Access Detailed on- IoT in Healthcare Market Revenue Estimation Report


Summary

Market research firm P&S Intelligence expects the IoT in healthcare market revenue to display a massive 30.2% CAGR between 2018 and 2023, to reach $267.6 billion by 2023 from $56.1 billion in 2017.


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