Why The Internet Of Medical Things (IoMT) Will Start To Transform Healthcare In 2018

Jan 28, 2018

Even though the healthcare industry has been slower to adopt Internet of Things technologies than other industries, the Internet of Medical Things (IoMT) is poised to transform how we keep people safe and healthy especially as the demand for solutions to lower healthcare costs increase in the coming years. The IoMT can help monitor, inform and notify not only care-givers, but provide healthcare providers with actual data to identify issues before they become critical or to allow for earlier invention.

Dramatic Growth in IoMT Devices Predicted

A report by Allied Market Research predicts that the IoT healthcare market will reach $136.8 billion worldwide by 2021. Today, there are 3.7 million medical devices in use that are connected to and monitor various parts of the body to inform healthcare decisions. The Internet of Medical Things refers to the connected system of medical devices and applications that collect data that is then provided to healthcare IT systems through online computer networks.

There are several realities that have enabled this dramatic growth including the accessibility of wearable devices and the decreasing costs of sensor technology. Now that most consumer mobile devices are equipped with Near Field Communication (NFC) and Radio Frequency Identification (RFID) tags, they can communicate with IT systems. In addition, the rates of chronic diseases are on the rise and the demand for better treatment options and lower healthcare costs makes it more appealing to dabble with new innovations that could provide better healthcare outcomes and efficiencies. High-speed internet expansion and access, as well as favorable government regulatory policies, have also contributed to the growth of IoMT adoption.

Continue reading at: https://www.forbes.com/sites/bernardmarr/2018/01/25/why-the-internet-of-medical-things-iomt-will-start-to-transform-healthcare-in-2018/#63777d9c4a3c