Internet of Medical Things (IoMT)
Prevalent trends and market forces are resulting in Healthcare adopting several technologies to become more efficient and cost-effective, while providing proactive care for better patient outcomes. One of the technologies impacting healthcare the most, is the internet of things (IoT). In the context of healthcare, Frost & Sullivan terms it as the Internet of Medical Things (IoMT).
The advantages of IoMT are numerous, but the two most important for healthcare are: a) tackling current care delivery challenges, and, b) helping care delivery transition towards an ideal state. While IoMT allows for care delivery to become coordinated instead of disjointed, enabling it to be continuous and location agnostic instead of discrete and location-dependent. In essence, IoMT allows for care to be delivered anywhere and at anytime. Also, care delivery of the future needs to have multi-directional information flow, instead of the current uni-directional approaches, it must be personalized to each patient, and must be proactive than reactive. IoMT has the potential, when applied in the appropriate manner, to help care delivery achieve this idea future state.
Frost & Sullivan segments the IoMT landscape by applications, in five distinct areas - On Body, In Home, Community, In Clinic and In Hospital. Our present and upcoming reports provide a deep dive in to all of these segments. The below list includes our current coverage on the topic. Please feel free to reach out to us to discuss more
29 Mar 2016  |  Global
Potential for Effective Management of Chronic Diseases to Create $30 Billion Market Opportunity
This research service analyzes the global market for wearable technologies in clinical and consumer health. It discusses in detail how industry convergence and technological innovations are transitioning wearables from simple consumer devices to actionable healthcare applications—specifically in managing targeted chronic diseases such as diabetes...
06 Jun 2017  |  Global
Growth Opportunities, Challenges, and Future Perspectives in Healthcare
Healthcare is one of the industries facing disruption by technological advances in the Internet of Things (IoT) space, and yet it is only partially aware of the advances, potential, and benefits. Almost 60% of healthcare organizations have already adopted healthcare IoT or Internet of Medical Things (IoMT), and realized cost savings, improved their...
29 Nov 2017  |  Global
Concept Definition, Application, and Growth Opportunities
The entire industry has probably heard the term of ‘Smart Hospitals’ or the ‘Intelligent Hospitals’. However, only a few truly understand the concept, as there is plenty of ambiguity around the term, with each stakeholder defining it in a way that relates to themselves and their services. Some even confuse a digital hospital to a smart hosp...
27 Jun 2018  |  Global
Opportunities Lie in the Integration of Big Data, AI, Aging-in-Place, Disease Management, and Wellness to Optimize a Single Consumer Health Platform
Smart homes are no longer an emerging concept. Consumers are not only warming up to the idea but also buying home automation products. Smart speakers seem to be the favorite, with sales jumping from a meager 6 million units in 2016 to a whopping 33.2 million units in 2017. The developing ecosystem of home automation products that each of these curr...