IoT trends in the healthcare sector include wearables, smart hospitals, and use of mobile apps.
- An increasing interest in self-monitoring is a major driver in the growth of healthcare wearable technologies.
- It is estimated that by the end of 2019 more than 300 million people will use at least one healthcare wearable.
- Major technology companies, such as Apple and Android, are incorporating healthcare monitors in their wearable devices.
- Healthcare wearables can monitor chronic medical conditions, blood pressure, sleep patterns, calorie intake, and more. In addition, wearables can reduce the time needed to gather data for doctors and caregivers.
- Dissatisfaction with current hospitals, inefficiency, and difficult to manage organization are driving the transformation of hospitals to become smart hospitals.
- Expanding the use of connected devices is helping hospitals to become more efficient, reduce costs, and quickly recognize and diagnose medical conditions.
- Smart technologies adopted by hospitals include centralized databases, blockchain and smart contracts, admissions and queue management, remote patient monitoring, and more.
- The global smart hopsital market is expected to reach $57.76 billion by 2023. The growth is expected to be facilitated by government initiatives including quality outcome initiatives.
- Like wearables, the growth and adoption of mobile healthcare apps is driven by a desire to self-monitor.
- There were over 42 startups in 2015 developing over 114 healthcare apps. These apps included medication management, fitness, pregnancy monitoring, mobile health, and more.
- By 2019, there were over 97,000 healthcare apps available for download. In addition, over 25% of U.S. doctors are using at least one mobile app. In 2018, over 38 million people used a mhealth app to participate in a televisit with a healthcare provider.