The global medical internet of things market is anticipated to reach USD 188.2 billion by 2025. While Internet of Medical Things is well known for hospital asset tracking, medical staff locating & remote patient monitoring etc., it facilitates uninterrupted real-time monitoring and automate routine care delivery operations & administrative tasks.
A recent report by Gartner states that 79 percent of surveyed healthcare companies with USD 100+ million annual revenues were leveraging and implementing Internet of Things technology in their process. And another report by Deloitte states that 87 percent of companies that took part in a survey think that connected medical devices will be central in order to deliver value as well as efficiency for healthcare providers. The major drivers of IoT adoption in healthcare include the need to decrease the costs that are associated with healthcare services by increasing overall efficiency and optimizing everyday tasks. Others include focus on active patient engagement as well as patient-centric care and surge in demand for a personalized approach to care.
Remote Patient Monitoring Solutions Remote patient monitoring solutions facilitate early symptom detection, alerting on abnormal health parameters, continuous health data collection etc. RPM Solutions render accessible care, patient support and improve care.
For instance, GYANT’s virtual assistant empowers patients to self-navigate and connects them through whatever medium they prefer to engage either using desktop, mobile phones or even the patient portals. By developing a single-entry point for all digital patient journeys across platforms, the company helps patients obtain the right care at the right time. In addition, it also helps in decreasing overhead and helps caregivers practice at the top of their licenses.
Another example is where ChroniSense Medical a company located in Israel develops wearable medical grade devices which monitors vital signals & other health factors. This lets the healthcare professionals as well as patients for managing chronic disease without any interference with the patient’s daily routine both inside and outside the home. The company’s advanced sensors help in measuring medical data from blood oxygen and ECG to blood pressure, cardiac output & vascular resistance and communicate that data to caregivers in real-time. By placing its proprietary sensor on the radial artery, ChroniSense has the capability to render highly robust data source which is essential for chronic monitoring.
Hospital Asset Tracking solutions Hospital Asset tracking solutions facilitate in reducing asset loss as
well as theft and helps in delivering efficient patient care owing to reduced search time of medications and medical supplies. The hospital asset tracking market is anticipated to reach USD 15 billion by 2026. The adoption of this system is increasing owing to healthcare organizations’ efforts to reduce asset search time, optimize an asset procurement strategy and automate management workflows.
Telekom Healthcare Solutions offers its In-Hospital asset tracking solution for hospitals that facilitate the accurate localization of inventory items that include patient beds, ultrasound devices, endoscopes etc. since it takes too long for searching and locating medical equipment. In association with Sony Mobile Communications, the company as a healthcare IT provider brings medical asset tracking to hospitals. The Bluetooth technology facilitates retrofitting of the current devices and makes exact localization possible.
In another instance, Oomnitza offers healthcare asset tracking software. The company works with leading healthcare organizations in order to deliver flexible, modern and holistic asset tracking which helps in improving security, asset utilization and availability. It tracks all kinds of assets that include hardware, cloud infrastructure and SaaS. Oomnitza operates across complete spectrum of product lifecycle right from automatically ingesting & populating asset data through API to commissioning asset and retiring it.
Patient Tracking & Staff Tracking solutions Monitoring the medical staff as well as patients’ location not only enhances security but it also facilitates in identifying and addressing inefficiencies in the scheduling as well as staffing processes of any healthcare organization. Furthermore, tracking people in the healthcare facilities is highly imperative for security, safety as well as operational management of the organization. One such company that offers a cloud-based healthcare tracking solution which helps in tracking staffs & patients is BeaconTrax.
The company offers Bluetooth Beacon healthcare tracking solution which helps healthcare administration & senior management for improving hospital maintenance, in-patient safety and serviceability. What is unique about this solution is that by using sensor beacons, environmental data can also be collected for maintaining temperature & humidity inside the facility. Another organization that offers world-class patient tracking solutions that could be used in any of the healthcare setting which requires to manage the patient flow process is PatientTrak. T
he systems offered by PatientTrak can be implemented by single provider practices to large hospital groups to multi-facility healthcare organizations and these are scalable as well as affordable. PatientTrak’s patient tracking solution helps in importing appointments from scheduling systems and also track user-defined activities. This includes the check-in time to treatment time. The road ahead The IoMT will decrease the healthcare costs for patients & governments. And, the focus is on changing the delivery of advanced healthcare to patients by the medtech organizations.
The increase investments in Internet of Things in the healthcare industry is set to revolutionize the healthcare industry and this in turn is predicted to fuel the growth of the IoMT market.
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