Healthcare Iot Market Analysis by Business Developing Strategies, Growth Key Factors and Forecast to 2033
Cloud computing in healthcare streamlines back
office operations, which, in turn, helps faster diagnosis of problems. It also
allows medical information to be easily shared with doctors, who can then
prepare a treatment plan according to the patient’s needs. Integrated
healthcare information systems with cloud computing can improve healthcare
quality by facilitating clinical decision-making, and enhance patient safety by
using automated systems.
In addition, the system also allows physicians to
easily access a patient’s information, such as diagnosis, allergies, lab
results, and medication, and, in turn, provide effective treatment. Moreover,
these results can be obtained at low costs. Increasing need for better and
effective healthcare facilities at affordable costs is driving demand for
healthcare IoT solutions and services, thereby pushing the growth of the healthcare IoT market across the
globe.
The global healthcare IoT market is anticipated to
rapidly grow 19% annually through the period of 2022 to 2030,
as healthcare IoT serves as the best solution to reduce the cost of healthcare
services.
Key Takeaways from Healthcare IoT Market Study
·
Significant growth in wearable
devices is expected to lead to greater opportunities for the integration of IoT
sensors in the healthcare industry, to develop smarter wearable devices for patient
monitoring and diagnostic purposes.
·
Timely advancements in information
and communication technology in the healthcare sector are expected to enable
IoT-based medical solutions such as telemedicine & home medical care to
reach their true potential in ensuring improved healthcare.
·
Increasing requirement for the
building of automation for clinical efficiency is boosting demand for smart
healthcare devices and other related solutions, which is another crucial
parameter for the growth of the healthcare IoT market.
·
Due to stringent regulations imposed
by governments, manufacturers are supplying safe, accurate, and smart equipment
to end users.
·
During the ongoing COVID-19 pandemic,
use of applications such as Covidom is gaining popularity among healthcare professionals
and non-critical patients. Such applications help non-critical patients
quarantine at home and relieve their paranoia by facilitating real-time
communication with healthcare professionals.
“Treatment and therapy procedures are likely to be
more effective during the earlier stages of health diagnosis. IoT sensors
facilitate real-time data analysis that helps diagnose the symptoms of various
diseases before it is too late, thus aiding timely intervention and proactive
treatment for the patient. This helps ensure proper treatment outcomes, which
is estimated to propel the global healthcare IoT market to greater
heights,” says a PMR analyst.
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