The Internet of Things (IoT) is becoming increasingly significant in many powerful industries. Healthcare is one of the influential sectors taking advantage of IoT, and its influence on the vertical is growing. Through medical IoT devices, the health industry is able to seamless its operations and tasks and provide the best management care to related chains. IoT in Healthcare helps optimize workflows for physicians and healthcare professionals.
The IoT healthcare industry is about to reach approximately $289 billion by 2028, up from $128 billion in 2023. That’s an 18% annual growth rate!
IoT devices are empowering healthcare professionals to provide better, more proactive treatment. These devices enable the tracking of medical assets and real-time monitoring of patient’s health conditions, allowing for early intervention and personalized care.
This detailed blog will define the Internet of Things (IoT), discuss its present uses of IoT in Healthcare, highlight the most important advantages, and delve into significant trends. It’s a journey through the transformative power of IoT in modern healthcare, inspiring us to imagine a future of better health management.
Facts and Figures of IoT in Healthcare
According to Statista, the IoT healthcare market is anticipated to reach $93.82 billion by 2023 and grow at a rate of 12.32% from 2023 to 2028, when it is nearly expected to reach $167.70 billion. The US is predicted to lead the industry with $8,283 million in sales by 2023.
According to statistics, IoT in Healthcare will generate $24 billion in global sales in 2016. Furthermore, it is likely to grow to more than $135 billion by 2025. [Source: Statista]
These figures show how IoT is developing and leading the healthcare industry. This market is growing and generating huge revenue.
How IoT Helps in the Healthcare Industry — Process
Here’s a complete workflow for IoT healthcare:
- A sensor takes data from a patient, and a doctor or nurse enters data.
- The gathered data is analyzed using AI-driven techniques such as Machine Learning (ML).
- Whether to act upon the information or forward it to the cloud.
- Medical professionals can make defensible and informed decisions and be secure in the reliability of the information offered by IoT healthcare solutions.
Internet of Medical Things (IoMT) Utilized by Healthcare Segments
IoT benefits a wide range of healthcare industry subsectors. However, we will concentrate on the three essential components.
Patients: With the help of IoMT, patients can access remote, improved, and faster healthcare services.
Healthcare Providers: Wearables and Internet of Things-based home monitoring and tracking devices are tools that enable doctors to play a crucial role in the IoMT system. These devices facilitate communication with patients and allow doctors to provide advice on treatment
Healthcare Facilities: This IoMT will help you automate and streamline administrative operations. It provides more affordable, higher-quality healthcare services while also increasing staff productivity.
Use Cases of IoT in Healthcare
These application examples show how IoT technology is revolutionizing healthcare delivery by strengthening medication administration. Facilitating remote care, boosting patient monitoring, streamlining hospital operations, and encouraging general health and wellness. IoT in Healthcare improves patient care and the delivery of healthcare through a variety of practical applications:
Remote Patient Monitoring
Healthcare professionals can now monitor their patient’s health remotely with the help of Internet of Things devices, reducing the need for frequent hospital visits. For example, wearable technology continuously tracks vital signs such as blood pressure, oxygen saturation, and heart rate. The real-time data transfer enables early detection of any health deterioration, empowering quick interventions and giving patients more control over their health.
Management of Chronic Diseases
IoT can now better manage long-term conditions, including diabetes, asthma, and hypertension. Patients can regularly track their symptoms and medication compliance using connected devices. Using this data, healthcare providers can improve patient outcomes and quality of life by remotely providing individualized care and making necessary adjustments to treatment regimens.
Virtual Consultations and Telemedicine
IoT facilitates virtual discussions between medical professionals and patients, which in turn helps telemedicine. During these consultations, doctors can evaluate problems, offer medical advice, and even remotely track the status of patients’ recovery. Docs can follow operations or procedures due to connected gadgets that securely send patient data. In particular, this improves access to healthcare services for patients residing in isolated or rural locations.
Medication Management
IoT devices play a crucial role in medication management by reminding patients to take their medicines as prescribed. Smart pill dispensers, operating on a set schedule, can dispense medication and alert caregivers or medical professionals if a dose is missed. This not only improves treatment effectiveness but also reduces medication errors, instilling confidence in the reliability of the treatment.
Tracking and Managing Hospital Assets
Healthcare facilities may effectively track and manage medical supplies and equipment with the help of IoT. Connected sensors can track the location, use, and condition of a wheelchair, an infusion pump, or a ventilator. This enhances patient care and operational effectiveness by minimizing loss, maximizing equipment use, and guaranteeing that equipment is maintained and ready for use when needed.
Health and Wellness Monitoring
IoT devices are a powerful tool for monitoring overall health and wellness. Fitness trackers and smart scales, for instance, can track weight changes, sleep patterns, and physical activity levels. Healthcare professionals can use this data to tailor wellness interventions and recommendations for each patient, empowering individuals to take control of their health.
The Biggest IoT Security Risks & Challenges
The Personal Health Information (PHI) of physicians and patients may be compromised by cybercriminals targeting Internet of Things (IoT) devices. The following are a few of the biggest threats & challenges to IoT security:
| Aspects | Description |
| Data Breach | Hackers may access or seal patients’ information and medical records. |
| Identity Theft | Hackers can steal a patient’s identity by accessing their computerized medical information, and then they can use that ID to purchase prescription medications and medical supplies. |
| False Insurance Claim | Under the patient’s name, cybercriminals may submit false insurance claims. |
| Unauthorized Access | When a breach occurs, hackers may be able to access systems without authorization. |
| Device Hijacking | It’s important to note that hackers can take control of complete medical devices, highlighting the vulnerability of our healthcare systems to cyber attacks. |
Moving Forward in Healthcare Innovation With Octal IT Solution
As a comprehensive IoT platform, Octal IT Solution is a leading IOT development company for advanced and innovative app development with the full potential of IoT in Healthcare.
- Device Integration: Octal integrates several Internet of Things (IoT) devices, such as wearables and medical implants, to ensure that all data is conveniently accessible and centrally located.
- Real-time Monitoring: Real-time monitoring is a game-changer in healthcare. With Octal IT Solution, healthcare experts can access patient data instantly, enabling prompt interventions and personalized care modifications.
- Data Analytics: The platform’s strong analytics capabilities enable the extraction of valuable insights from enormous volumes of health data, supporting evidence-based decision-making.
- Security and Compliance: Octal IT Solution prioritizes data security and compliance, guaranteeing the constant protection of patients’ sensitive data.
In the future, individualized treatment, better results, and efficient operations will all be handled thanks to the ongoing adoption of IoT technology in healthcare.
If you also want to build an advanced and innovative app or IoT in healthcare, schedule an appointment with our healthcare IOT development experts today. Learn more about how Octal IT Solution can transform your healthcare idea into reality.
Final Thoughts
All right, then. Hopefully, you will go through this detailed guide and understand everything about IoT in the healthcare industry, like how it plays a game-changer role in this growing technological market. In this guide, we cover use cases, benefits, risks, and challenges, IoMT utilization in the healthcare segment, and some facts and figures for your consideration.
Suppose you are thinking or planning to build an IoT device for your healthcare business. In that case, you need to understand everything about it and get connected with the best IoT app development company. IoT devices have multiple benefits. Specifically, they streamline your operations and make dealing with your tasks or diseases easier.
FAQ
Some well-known examples of IoT devices in healthcare are smart inhalers for managing asthma, wearable activity trackers (like Fitbit), smartwatches with health monitoring capabilities (like Apple Watch), and remote patient monitoring systems.
IoT devices may continuously monitor a patient’s health and notify them immediately in case of a medical emergency. This may result in more effective chronic condition management, more precise treatment decisions, and quicker reactions to health issues.
Yes, IoT easily manages chronic diseases like diabetes, heart disease, and asthma. With the help of devices, patients and physicians can better manage chronic disorders by keeping track of all signs, medication usage, and other crucial data.
Among the challenges are the necessity for healthcare practitioners to adjust to new technology, data security, privacy issues, and device interoperability (the capacity of various devices to function together).
IoT can lower healthcare expenditures by diminishing hospital admission rates, reducing complications through early identification, and also facilitating more effective care management. However, the initial cost of adopting IoT systems might be significant.
