The IoT healthcare market is being driven by the rising demand for improved healthcare, reduced cost of care, and evolution of high speed networking technologies and is expected to grow from USD 32.47 billion in 2015 to USD 163.24 billion by 2020.
Connected medical devices can be used to remotely assess and monitor a patient's vital signs. Examples of these devices include blood pressure, ECG, and heart monitors; glucose meters; and insulin pumps. The data collected can be instantly transmitted to doctors in other locations, who can then review the data and act to treat conditions and respond to warning signs. Doctors can either decide whether or not they need to see a patient in person, or instruct on-site caregivers on how to best treat the patient.
According to a TCS white paper on IoT medical devices, IoT has numerous benefits for healthcare providers and patients alike, including:
- Lowered cost of care
- Improved patient outcomes
- Real-time disease management
- Improved quality of life
- Improved user experience