Huge Growth Expected In Iot In Healthcare Market In Future

By Author: Pramod Kumar
Total Articles: 97
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One of the biggest trends in the technology landscape is the internet of things (IoT), which refers to any electronic device embedded with sensors and internet connection, allowing it to not only gather data about the purpose it is achieving, but also sending it through the internet to the relevant person or authority. Now, the IoT concept has penetrated the healthcare industry, especially with the increasing usage of connected medical devices, the most common and easily available of which is a smartwatch or fitness tracker.

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Under this initiative, governments of member countries were tasked with offering eProcurement, eHealth, online dispute resolution (ODR), and eIdentification (eID) services. Moreover, the British government invested $52.8 million in the three-year IoTUK program to advance the country’s IoT infrastructure. Similarly, as part of its Smart City Mission, Government of India is planning to provide IT solutions to connect doctors and patients, remotely. As all ...
... such smart healthcare initiatives will be implemented around connected devices, government efforts will continue to boost the adoption of IoT in healthcare.

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With connected devices, various health parameters, such as heart rate, blood pressure and oxygen saturation, body temperature, respiratory rate and efficiency, blood glucose, and weight, can be monitored and the data sent to doctors over the internet. This way, people do not have to physically be at their doctor’s for regular checkups and consultation, as all of it can be done via web conferencing and other audiovisual software. Further, in the present times, with anti-COVID measures having been implemented around the world, telemedicine is enabling patients to stay home and avoid getting infected at hospitals.

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Hence, with governments and private companies investing heavily in advancing their healthcare infrastructure, the demand for IoT solutions for medical purposes will increase.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.