By Anjana Sadanandan on Jun 4, 2018 7:09:22 AM
Pedometers, smart blood sugar meters, wireless EKGs, symptom trackers for patients with asthma, connected inhalers for COPD, ingestible sensors—the Internet of Things (IoT) has changed the game in the healthcare industry. According to a market research report, IoT Healthcare market is projected to grow to USD 158.07 Billion by 2022, at a CAGR of 30.8%1.
Increased demand for remote patient monitoring, consumer health consciousness, wearable devices and emergence of cloud-based IoT platforms are contributing to the growth of smart healthcare market. IoT offers myriad applications in healthcare that benefit patients, families and physicians alike. It enables interoperability, M2M communication, data movement to make healthcare service affordable and effective.
Internet of Medical Things (IoMT), a healthcare application of the IoT technology, refers to a connected infrastructure of medical devices that feeds patient vitals into the cloud. IoMT plays a vital role in the healthcare industry to increase the accuracy, reliability, and productivity of electronic devices.
IoMT is often used to:
- Ensure adherence to doctor’s orders
- Improve patient hospital workflow
- Provide healthcare providers the data gathered from medical devices for better diagnoses and treatment
- Reduce inefficiencies and waste in the healthcare system
Key areas in which IoMT shapes healthcare include:
- Catering to government regulations
- Growing consumer demands on medical devices and equipment
- Providing personalized healthcare through data automation and AI
Benefits of Internet of Medical Things
- Remote monitoring
- Reduced response time in case of medical emergency
- Reduced costs
- Behavioral modification
- Reduced Medicare costs as real-time resulting in fewer clinic visits
For Healthcare Service Providers
- Optimal utilization of resources and infrastructure
- Monitor patient status, disease progression
- Enhanced patient support
- Reduced risk
For Medical Device Manufacturers
- Compatibility and uniformity of data available
- Capability to sense and communicate health-related information to remote location
- Improved drug management
- Quality control methods in the production of drugs and medical devices
Innovations in IoMT - Future of Healthcare
According to a Frost & Sullivan analysis, the global IoMT market is expected to reach $72.02 billion by 2021, at a CAGR of 26.2%2.The IoMT market consists of smart devices - wearables and medical/vital monitors, strictly for healthcare use on the body, at home, or in a clinic or hospital settings. For example, someone who wears a FitBit to track his/her steps, the count of steps is tabulated on a smartphone via Bluetooth. The data is shared with the physician via Wi-Fi to provide feedback. From FitBit to physician’s report, it is the IoMT that connects patients, healthcare providers via technology with a sole purpose – better healthcare - easier and faster.
Here are some of the innovations in IoMT:
- Vitals-tracking wearables - For regular activity monitoring and heart rate monitoring.
- Smart implants - Ensure medical interventions are sought immediately. Eg. Pacemakers that communicate data with physicians via apps, glucose sensors to check diabetes glucose levels.
- Medical Adherence Tools – Reminds patients when to take their medications.
- Virtual Home Assistants – Robotic assistants helps in patient engagement, medication adherence and care coordination.
- Personal Emergency Response Systems – Helps in fall detection, emergency assistance and navigation guidance for patients with Dementia, boundary perimeter breach alerts for patients with Alzheimer’s disease.
- Smart Senior Homes - Helping elderly patients virtually communicate with care staff.
- Digital Stethoscopes – Assist physicians in analyzing cardiac signals in real time during auscultation.
- Kiosks - Improve access to informational services, pharmaceutical products, and telemedicine services.
“Prevention is better than cure”. So why not leverage the power of technology for better healthy lifestyle and prevent life-threatening diseases illnesses? It’s this line of thought that prompted Trigent to create innovative solutions for Healthcare Providers and ISVs.