IoMT’s Impact on the Future of Healthcare
Even though the healthcare industry has been slower to embrace Internet of Things than other industries, the Internet of Medical Things (IoMT) is positioned to reshape how we keep people safe and healthy, particularly as solutions to lower healthcare costs is on the rise.
Allied Market Research predicts that the IoT healthcare market will reach $136.8 billion worldwide by 2021. There are over 3 million medical devices in circulation that are connected to and monitor patients to influence healthcare decisions.
Wearable devices and the decreasing cost to produce sensor technology are largely responsible for this impressive growth. Also, chronic diseases are on the rise, so advanced treatment options and reducing healthcare expenditures makes it even more alluring to utilize newer innovations.