The Internet of Medical Things (IoMT) or connected healthcare is helping the healthcare sector deliver better patient experiences. From wearables to implanted medical devices, innovative medical technology (MedTech) is rapidly changing healthcare delivery. Global drivers such as the COVID-19 pandemic, cloud applications, emerging technologies, and the overall need for efficient healthcare systems have accelerated the digital transformation process for healthcare providers.
The tremendous growth of the internet, low-cost devices, and the development of emerging technologies such as artificial intelligence (AI) and machine learning (ML) have introduced unique human-technology interactions. In the healthcare sector, these interactions are enabling smarter data aggregation, analysis, and decisions.
According to Gartner, 70 percent of healthcare providers are already using IoT solutions and the value of the healthcare IoT market is expected to be worth $534.3 billion by 2025