Growth Opportunities for IoT enabled medical devices for Infectious disease Management
Published on : Nov-2022
The series of technological and cultural revolutions enables technology and people to be better interconnected, leading to the development of the Internet of Things (IoT) – a network of connected, smart devices and objects that can connect and systemize key tasks. IoT brings together the digital and physical worlds to improve the speed and accuracy of diagnosis and treatment and to monitor and modify patient behavior and health status in real-time. It also improves the operating productivity and efficiency of healthcare organizations by streamlining clinical processes, information and workflows.
IoT technologies enable to manage infectious diseases such as predicting infectious disease, diagnosis and tracking, and innovative software for predicting disease outbreaks. Before the introduction of the Internet of Things (IoT) technologies in healthcare, patients' interactions with physicians were often limited to clinical visits, text or telecommunications. Doctors have not been able to monitor patients ' health continuously, and this has affected the overall outcome of the treatment. To focus on this clinical concern, researchers are shifting towards the use of IoT-enabled medical devices to support physicians in the ongoing monitoring of patients’ health in real-time through the collection of key health parameters. IoT facilitates ongoing monitoring of health conditions in particular of elderly patients and patients living alone, any change in routine or disturbance in the day-to-day activities of patients by alerting concerned health providers and family members.
Top seven countries (the United States, followed by China, Japan, Germany, the Republic of Korea, France and the United Kingdom) account for almost 75 % of global IoT spending, with the first two countries accounting for 50 % of global IoT spending respectively.
Source: UNCTAD
With the advent of coronavirus pandemic, social-distancing is followed and the lockdown has been imposed worldwide to break the chain of the spread of the virus. This has led to a shift towards the adoption of IoT-enabled technologies that proliferate the growth of the IoT enabled medical devices since they assist in disease diagnosis, remote monitoring, connected clinical trials, surveillance of disease to manage the spread of infectious diseases like COVID-19 by ensuring a considerable distance between infected patients and healthcare workers.
Source: FICCI
As of 2020, the share of IoT revenue in India is distributed among different industries, where, utilities, manufacturing, transport and logistics, Automotive, Healthcare are the top five industries. The Healthcare industry accounts for 11% of the total share respectively.
Besides patient health monitoring, there are many other areas where IoT devices are very useful in hospitals. IoT sensor-tagged devices are used to track real-time medical equipment such as wheelchairs, defibrillators, nebulizers, oxygen pumps and other monitoring equipment. The deployment of medical personnel at different locations can also be analyzed in real-time. Infection spread is a major concern for patients in hospitals. IoT-enabled hygiene monitoring devices help prevent patients from becoming infected. IoT devices also help with asset management, such as pharmacy inventory control and environmental monitoring, for example, humidity, temperature, refrigerator temperature control etc.
Fatpos global predicts that IoT-enabled medical devices for Infectious disease Management are anticipated to grow in the future due to widespread diseases and an increasing number of infections. IoT enabled medical devices helps in detecting slightest change in human activity and further in the diagnosis of the disease which will proliferate the market.
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