Medical care has always been driven by data – from prescribing pills to diagnosing conditions accurately. It is crucial to have ready access to high-quality, accurate, and credible data to make the best-informed decisions that could have a lasting impact on a patient’s health.
Earlier, the data-collection system had many missing chunks, and the information collected was not adequately shared with all stakeholders. However, thanks to the power of the Internet of Things and artificial intelligence, it is now possible to gather, store and draw meaningful insights from various connected devices.
The worldwide Internet of Things market size in 2020 was valued at $71.84 billion. This figure could see a projected growth at a CAGR of 25.9%, from $89.07 billion in 2021 to $446.52 billion in 2028.
IoT is poised to revolutionize the healthcare system on all fronts – doctors, patients, healthcare systems, and other stakeholders. The understanding of the Internet of Things usually doesn’t go beyond simple analytical tools and wearables for a layperson. However, there is much promise in the IoT and other latest technologies trying to provide mHealth solutions.
Let’s now take a deeper look into what IoT means and how it could be instrumental in transforming the entire healthcare ecosystem.
- 1 What is the Internet of Things?
- 1.1 How is IoT Aiding in Digital Transformation of the Healthcare Industry?
What is the Internet of Things?
The Internet of Things covers a vast ecosystem of inter-connected devices, equipment, sensors, and more, enabling healthcare professionals, doctors, and patients to access and transfer crucial real-time information.
On a large scale, the IoT has millions of devices and sensors connected in a continuous chain so that information is shared across various supply-chain points easily.
It is now possible to turn just about any device into a part of the IoT chain, thanks to the easy availability of wireless network technology. Moreover, the level of digital intelligence available to devices or sensors in the chain helps in the real-time sharing of data without the need for human interference – in other words, perfectly combining the physical with the digital worlds.
How is IoT Aiding in Digital Transformation of the Healthcare Industry?
The Internet of Things-enabled devices are playing a crucial role in the development of mHealth solutions. It allows patients, doctors, and other care providers to monitor patients’ health parameters from remote locations.
The patient-doctor engagement levels have improved drastically. The number of hospital stays is getting reduced, the need to visit clinics has decreased, healthcare costs have fallen, and the treatment outcomes have seen a dramatic upsurge.
IoT Helping Patients
With IoT, patients can now gain a better understanding of their health needs and take a proactive hand in managing their conditions.
Wearable devices such as fitness bands and smartwatches can monitor glucose levels, heart rate, blood pressure variations, calorie count, and more. Every healthcare app development company is now focusing on developing apps that can send reminders to patients regarding doctor’s appointments, check exercise, track sleep, and any variations in their vital health parameters.
IoT in healthcare development has had a significant impact on the healthcare available to elderly patients and those living in remote locations. These devices keep constant track of the patient’s health conditions and send alerts to doctors and family members if any deviations are found.
IoT Helping Care Providers and Doctors
Physicians and care providers can now keep track of patient’s health using these IoT-enabled monitoring devices. It is possible to know if the patients are adhering to the healthcare plans and immediate action can be taken if the need arises.
The need to have face-to-face interactions is also declining rapidly. With the pandemic still not abating, telemedicine and remote monitoring of patients’ health have gained importance. These health monitoring devices are proving helpful in assisting doctors during medical emergencies. Every healthcare app development company designing apps to enhance these devices plays a crucial role in preventing infections from spreading.
IoT Helping Hospitals
Hospitals and other healthcare facilities use IoT-enabled mHealth development services with sensors to improve their management and administration better. Hospitals can easily keep track of their equipment such as oxygen pumps, defibrillators, nebulizers, wheelchairs and more.
Using the real-time data, it is also easier now to deploy medical personnel to the appropriate locations.
IoT devices help manage medical assets such as inventory and maintain hospital environmental conditions like regulating humidity and temperature.
IoT Helping Health Insurance Companies
Health insurance companies are also utilizing the potential of IoT devices in claims processing and underwriting. The data collected by these digitally intelligent devices are helping companies detect fraud, wrong claims, pricing, risk assessment, and identify prospects for insurance.
Insurance companies can make use of these devices to ensure adherence to treatment plans and health measures. With this, the insurers can also reduce their claims to a large extent. Moreover, insurance companies can also validate insurance claims using the data provided by IoT devices.
Benefits of IoT in Healthcare Development
The Internet of Things offers many significant benefits to the healthcare industry and is instrumental in its transformation.
- Tracking patient’s data while maintaining high standards of security
- Compliance with patient safety standards
- Real-time Monitoring of Patient Information
- Management of Assets to help collect, preserve and transfer crucial patient information
- Improved Decision Making
- Symptom Capturing Digital Biomarkers
- Enhanced Patient-Doctor Communication
The adoption of healthcare-specific Internet of Things enabled tools and devices are truly ushering in the digital transformation of the healthcare industry. The data collected by these devices are being put to good use in treatment and preventive diagnosis of conditions.
IoT in healthcare development has especially proved itself useful during the pandemic. It has helped provide immediate medical assistance using telemedicine and telehealth to remote locations. IoT devices have also positively reduced the spread of infection through decreased face-to-face interactions between patients and doctors.
Every major healthcare app development company seeks ways to cater to the massive adoption of IoT devices by patients and medical facilities. IoT devices have helped improve patient-doctor engagement, increased the availability of healthcare facilities to all patients, and reduced the overall cost of treatment and medical facilities.
Author Bio: Jamie Joyner is content cum digital marketer at Solution Analysts, a leading fitness app development Company. She is an avid reader and likes to remain updated for technological advancements in the domains of web, mobility, IoT, and emerging technologies. Her articles are informative and interesting at the same time as he expresses insightful thoughts clearly.