How is the Internet of Medical Things Impacting the Healthcare Industry

how is the internet of medical things impacting the healthcare industry itechnolabs

Amid technological disruptions in several vital sectors, Healthcare is the one that has the highest rate of adoption of technological advancements that will revolutionize the way we diagnose and treat the body. IoMT (Internet of Medical Things) is one such technology that provides a variety of advantages, leading to improvements in the quality and availability in the use of devices for medical purposes. Modern healthcare technology facilitates the privacy and security of data, as well as convenience for patients, and cost reduction.

IoMT has transformed the healthcare industry with better digital processes for pharmaceutical and clinical and a substantial increase in the precision of information. In real-time, technology has proved to be extremely beneficial. IoT-based devices have assisted in maintaining the temperature of refrigerators and expediting emergencies and related tasks.

A Quick Fact Check on Healthcare Domain & IoMT

As we’ve previously discussed in the past, we have discussed how the Internet of Medical Things has revolutionized the field of healthcare, with a noticeable improvement in the management of medical workflow. Here are some facts that demonstrate the changes in healthcare that have occurred since the introduction of the latest technology. Take a look at:

  • The market for the IoMT segment, according to Frost and Sullivan’s research, is worth $22.5 billion. The market will soon grow to 72.02 billion, at an annual rate of 26.2 percent.
  • “All the Research” found that the worldwide IoMT market was worth US$ 44.6 million in the year 2018. It is projected to reach USD 254.6 million by 2026, growing at a rate of 24.4 percent over the forecast time (2016-2026).
  • A report by Business Research Company states the global market for healthcare devices is expected to grow at a CAGR of 6.1 percent starting in 2021 and will reach $603.5 billion in 2023.
  • A report from Statista says that the market for digital medicine could reach 666 billion dollars in 2025.
  • Based on Aruba’s study the research shows that six out of 10 healthcare institutions are currently using technologically-driven medical devices. Of the six, 64% use IoT by using patient monitors, and 41% of them are X-ray/imaging devices which are among the primary devices that are connected to the internet.

Important Article: How Much does it Cost to Build a Healthcare Application?

How are the Popular IoMT Devices Aiding the Medical Industry?

how are the popular iomt devices aiding the medical industry itechnolabs

The market for Internet of medical things applications encompasses smart devices, such as kiosks, medical monitors, wearables, telehealth, pills, and more. According to a study by Deloitte, the amount of medical technology that is available in the IoMT market is currently more than 5,00,000. These advancements are providing better outcomes for patients, healthcare providers, and the entire medical field. Here are a few IoMT tools that are helping the healthcare industry:

1. Remote Patient Monitoring Equipment

This is a big help to doctors and patients. Healthcare app creation companies that develop healthcare apps build robust applications and software to enable the use of real-time monitoring of patients, swift remote medical assistance, and executing effective treatment procedures. The IoT technology also allows the creation of devices such as pacemakers, smart inhalers blood glucose monitors, and many other. Remote devices for monitoring patients allow patients to receive treatment in the comfort of their homes. In addition, doctors can collect vital telemetry information like blood pressure, heart rate, and blood sugar levels as well as breathing quality, calorie intake, etc. Utilizing these devices speeds up the procedures for diagnosing and can save a lot of time and energy.

2. Fitness Wearables

Fitness wearables are swaying users to use consumer-grade tracking devices that aid in recording information, transmitting data, and analyzing the user’s activity using sensor technology. The most well-known fitness wearable devices include smartwatches, smart shoes, and wristbands. These devices are ideal to track fitness goals and training sessions, as well as workouts as well as napping, and more.

3. Smart Pills

Smart Pills are fundamentally medications that contain digestible sensors that can monitor how the body of the patient reacts to the medicine. These sensors automatically turn on when they enter the stomach. They then send the information to a worn-on patch that is attached to the arm of the patient.

The data is then sent to the app on a smartphone that medical experts can use to analyze and access through a network. This is because the FDA is accrediting the devices and found them safe to discharge from the GI tract of the patient.

4. Clinical Grade Wearables

Clinical grade wearables use the same mechanism that is used in fitness wearables. But, medical professionals recommend these devices to patients suffering from chronic illnesses. These medical-grade IoMT devices have assisted physicians to track the live health status of their patients through health sensors that track their health.

5. Point of Care Device

These IoMT devices are elevating healthcare to the highest level. Its Point of Care Device provides patients to have an effortless self-serving diagnosis and eliminates the necessity of visiting hospitals repeatedly. These versatile devices help users learn about multiple health conditions. It’s useful for testing the level of glucose in pregnancy as well as diagnosing diseases that are infectious and can be used for initial or in-home treatment.

6. Clinical Monitors

These ultra-modern clinical monitors aid in the analysis of the vitals of patients, and later save them electronically within Electronic Health Records (EHR). These vital records can later be uploaded to the cloud, and then used to facilitate future sessions of consultation. Clinical monitors can be the ideal opportunity for healthcare professionals in optimizing their operations. One of the most effective models is the digital heart stethoscope which captures heart sounds and sends them to mobile applications.

Related Article: A Quick Guide to Healthcare Software Development in 2023

Are You Looking for an IoT App Development Company?

are you looking for an iot app development company itechnolabs

IoMT allows patients to get treatment from the comfort of their own homes. Furthermore, healthcare professionals are assisted by sensor-integrated medical devices that can monitor the health status of patients by analyzing, tracking, and treating patients remotely. Here at iTechnolabs, we are a group of tech experts who have gone to great lengths in providing exceptional healthcare app development services.

We provide IoMT-related services that are innovative such as EHR and EMR Software development and medical web design and development remote monitoring software and medical practice management software and pharmacy management applications development Revenue cycle software for management and more. If you’re a medical establishment or a medical facility, the leading app development company iTechnolabs is there to help. We can assist you with the integration of rich and feature-packed applications that provide users with a seamless experience. Healthcare app designers assure safety and security by complying with HIPPA as well as GDPR. We invite you to contact us to find out more about our services and the health industry’s overview.

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