According to a new report from MarketResearch.com, the healthcare Internet of Things market segment is poised to hit $117 billion by 2020 and by 2025, $2.5 trillion. Depending on the company talking about it, you will hear different terms: Internet of Things (abbreviated IoT by many companies), Internet of Everything (Cisco), or the Industrial Internet (GE). But the combined IoT market adds up to be much larger than $117 billion.<\/p>\n
Increased health awareness has led to the emergence of ‘self-care’ and ‘healthcare advisor’ disciplines. The benefits of a healthy lifestyle has fueled innovation that plays a key role in moving the point of care from the hospital or the physician’s office to the patient’s home. Delivering on this vision with the help of enabling technologies requires regularly capturing information related to a person’s health, lifestyle, and other vital parameters and sharing it with caregivers.<\/p>\n
Assessing IoT Prospects in Healthcare:<\/strong> There is stronger focus on the \u2018meaningful use\u2019 tenet of the Patient Protection and Affordable Care Act, which focuses on using certified Electronic Health Record (EHR) technology to improve the quality and efficiency of care and promote consistency of care. These factors make it crucial to capture information about patients or members continuously at various stages. Today\u2019s healthcare world therefore needs to focus on delivering personalized care to individuals. In this context, IoT harnesses people centricity with technology to deliver enhanced results.<\/p>\n How Does the Internet of Things Help?<\/strong>
\nIoT is a disruptive innovation which bridges interoperability challenges to radically change the way in which healthcare will be delivered, driving better outcomes, increasing efficiency and making healthcare affordable. Industry analysts predict that the ability for patients to take more responsibility of their health and the promotion of preventive measures are capable of disrupting current care delivery and will shape the future of healthcare.<\/p>\n
\nThe impact of home-use medical devices and mobile healthcare applications that make up the IoT has been increasingly felt in the healthcare market. Apart from their use in managing health, they have also been used for disease prevention and fitness promotion.<\/p>\n