The
Internet
of Thing (IoT) is a technology embedded with software, sensors,
actuators, electronics and network connectivity through which data
can be collected and exchanged. IoT provides better quality care to
the patient by simplifying the experience of healthcare. Moreover,
remotely connected medical devices, such as insulin pumps, cardiac
monitoring device, and continuous positive airway pressure (CPAP)
machines provide real-time patient information and remote patient
monitoring over the paper-based healthcare treatment. IoT provides
constant communication with the physician to track the patient’s
accurate data which is helpful for the execution of diabetes and
asthma patients. Furthermore, IoT simplifies the experience in terms
of cost and time saving.
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By
improving quality care in IoT healthcare, create a positive impact on
patient, which is expected to stimulate the growth of IoT healthcare
market
The
eClinicalWorks, announced to support patient access to physicians’
notes through open notes in 2017. It enables clinicians to share
visit notes with the patient by using the eClinicalWorks Patient
Portal. As of now, 130,000 people are using eClinicalWorks. It will
help to build up patient-provider relationship, improve quality care
and health care decision.
Moreover,
Gemalto announced to use of its IoT connectivity technology in
OnKoI’s mhealth solution in 2017. Gemalto intent to provide quality
care to older people by notifying their family members, medical
professionals and caregivers in an emergency medical situation. Thus,
it would help to gain the growth of the IoT healthcare market in near
future.
Growing
demand for better disease management by the execution of IoT
technology is expected to fuel the growth of the IoT healthcare
market
According
to the World Health Organization (WHO), around 1.6 million deaths in
2015 were directly caused by diabetes and will increase by more than
50% before the age of 70 years by 2030. Moreover, according to the
Centers of Disease Control and Prevention, 2017, in every 1 in 13
people is suffering from asthma and approximately 25 million
Americans is suffering from asthma. The data represent the increasing
prevalence of chronic diseases and growing demand for better disease
management and cost-effective treatment, which is expected to
accelerate the growth of the IoT healthcare market.
Key
players in IoT healthcare market include, Medtronic Plc, Royal
Philips, Cisco Systems Inc., IBM Corporation, GE Healthcare,
Microsoft Corporation, SAP SE, Qualcomm Life, Inc., Honeywell Life
Care Solutions, and Stanley Healthcare.
Global
IoT Healthcare Market Taxonomy:
On
the basis of type of component, application and end-user, global IoT
healthcare market is segmented into,
-
Devices
-
Implantable Sensor Devices
-
Wearable Sensor Devices
-
Others Sensor Devices
-
Implantable Sensor Devices
-
System and Software
-
Network Layer
-
Database Layer
-
Analytics Layer
-
Network Layer
-
Services
-
Architecture (System integration)
-
Application Development (support and maintenance)
-
Consulting
-
Architecture (System integration)
-
Patient Monitoring
-
Drug Development
-
Clinical Imaging
-
Clinical Operation and Workflow Optimization
-
Fitness and Wellness Measurement
-
Patients
-
Healthcare Providers
-
Healthcare Payers
-
Research Laboratories
-
Government Authority
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