The life sciences landscape is advancing with increasing usage of connected medical devices or IoMT (Internet of Medical Things) that plays a vital role in developing the medical industry. IoT has unavoidably penetrated the landscape, one that accounts for smart devices, and their number keeps growing higher. The application of this paradigm in the medical industry is a common hope as it allows the sector to function more competently and patients to attain improved treatment.
Although IT was utilized for healthcare equipment long ago, it is only in recent years that hospitals and other medical institutions have started showing serious consideration toward connected devices. A report by Mind Commerce states that IoMT market will reach $117 billion by 2020, with a 15.1 percent annual standard increase rate—a testament to the rising growth of the industry.
Connected medical devices or the Internet of Medical Things (IoMT) allow medical devices to be connected to the applications where information processing and storing happens.
One of the most significant features of connected medical devices is that they have the ability to forecast potential device failures before they become a severe condition. Along with early analysis and predictive abilities, connected medical devices can enable better efficiency in providing patient care, by allowing physicians to have complete and consistent information about their patients, along with better outcomes.
One of the recent trends in IoMT, the telehealth, has made most of the health care functions be a part of an integrated network, such as CT scans, MRI results, x-rays, and other medical tests. They can also be routinely shared by medical practitioners to one another although they could be physically present thousands of miles away.
IoT has introduced several devices which have improved the way of living for patients, as they can utilize these devices to monitor many aspects of their health in the comfort of their homes. These devices include hearables, ingestible sensors, moodables, computer vision technology devices, and health care charting devices.
3.7 million medical devices currently exist in the industry. IoT is changing the way healthcare services are delivered to the medical industry. Usage of such technologies is bound to improve the quality of care and at the same time improve the overall efficiency and workflow for healthcare providers.