IoT and 5G has bring a technological reform in every field. Healthcare sector is one such field which got most benefitted with these technologies. In this document, we have discussed about benefits of IoT in medical and advantages of connected medical devices. We have also discussed about market prospective and future opportunity of this technology in healthcare taking reference from Delvens' market analysis report of global medical device connectivity market.
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6. Introduction
Our modern world is connected globally through a network of digital systems. The
popularity of IoT and 5G has opened new possibilities for technological advancement.
Technological advancement has made it possible to monitor patients in real-time. For
example, vital signs indicate patient health and helps in diagnosing for better treatment.
Proper documentation is very important for the proper assessment of a patient's health.
However, consistency in maintaining patient details is quite difficult to maintain, creating
inconsistency in the documentation process, delaying data entry and affecting the integrity
of the data.
Full access to patient data helps physicians assess the patient's health and select the
appropriate treatment. Medical device connectivity enables access to a patient’s health
information in real-time by measuring and transmitting patient data to the EMR. This can
help caregivers to make faster decisions and provide appropriate treatment without delay.
7. Medical device connectivity in hospitals allows physicians to monitor patients' vitals even
away from hospitals, or patients can take treatment from their home connected with a
medical expert.
The Importance of Medical Device Connectivity
Automating Patient Charting – Automating patient data can provide caregivers with genuine
data as these data are directly fed into the system without any human intervention or
interpretation, allowing nursing staff to direct their attention to the patient without
spending their time on data collection.
Efficient Device Fleet Management – These devices can maintain a fleet of devices more
efficiently, and the team can monitor device usage. This can help maximise limited
resources.
8. Enhancing Patient Safety - Establishing two-way connectivity between devices and the EMR
opens new ways to implement key quality and safety measures.
Reduce Wastage – When medications are fed through EMR, the team has seen a
substantial waste reduction. By using medical device connectivity, wastage of medication
can be minimized and improved in the pharmacy more efficiently.
Building a Data Foundation – Data is very important to understand the patient's condition.
With medical device connectivity, data can be collected in real-time without any
interpretation and can be documented systematically.
Reduced Burnout – When medical devices are not connected and are designed to monitor
only one vital, any abnormal event triggers its alarm which in many cases is found false or
medically irrelevant. If these devices are connected and can monitor a patient's vitals, this
can reduce medical staff's extra effort, which occurred due to these false alarms.
9. Examples of Connected Medical Devices
Glucose Monitoring – Diabetes has become a global issue. Almost a substantial number of
people in every nation are suffering from this. Pollution and an imbalanced lifestyle have
made it common. Even children are affected by this. IoT devices can easily monitor, record,
and alert glucose level parameters.
Heart-Rate Monitoring – Periodic monitoring of heart rate can be possible with an IoT
device. This helps patients to move freely as they like while ensuring continuous
monitoring of their heart rate.
Depression and Mood Monitoring – Information about depression is one such parameter
which is difficult to monitor. With the IoT, it is now possible to monitor a person’s mental
health. These devices, by monitoring blood pressure and heart rate, can analyze and infer
the patient’s condition.
10. Parkinson’s Disease Monitoring – To treat Parkinson’s patients, it is necessary to monitor
the severity of the disease throughout the day. IoT devices have made it possible to
monitor all parameters without hindering the daily routine of a patient.
Robotic Surgery – Internet-connected robots inside the human body can perform complex
surgery which was previously very difficult with human hands. IoT has opened the door to
remote operation. Some institutes have successfully experimented with surgery where the
surgeon is located in a different location and, using IoT, has performed the surgery
successfully.
Market Prospect
IoT and 5G have made it possible to provide health services using connected medical
devices with better facilities. Much research and development have been done to provide
patients and health workers with better equipment.
11. Research and development and merger and acquisition by medical device integration
companies have revolutionized the growth of the healthcare sector, such as:
Oracle’s acquisition of Cerner is a game-changer in the healthcare sector. Combining
Cerner’s clinical capabilities with Oracle’s analytics and automation expertise will help in
improving health insights and experiences.
Medtronic PLC has received FDA approval for its ligament augmentation for spine surgery.
Ligapass is the first and only FDA-cleared device with an indication for ligament
augmentation in spine surgery.
GE Healthcare recently launched a line of wearables that patients can use during their
hospital stay. It will help caregivers monitor a patient’s condition more effectively.
As per Delvens’ market research report, the global medical device connectivity market is
projected to reach USD 4.9 billion by 2026 from USD 1.7 billion in 2021, growing at a CAGR
of 24.4% in the forecast period, 2021–2028.
12. Conclusion
With technological development, the healthcare sector's demand for improved devices will
increase. The companies' endeavour towards making more advanced devices has already
indicated the growing future of these medical devices.
18. On the basis of Product & Service
● Medical Device Connectivity Solution
● Medical Device Connectivity Service
On the basis of Technology
● Wireless Technology
● Wired Technology
● Hybrid Technology
On the basis of Application
● Vital Signs and Patient Monitors
● Anesthesia Machines & Ventilators
● Infusion Pump
● Others
19. On the basis of End-User
● Hospitals
● Home and Healthcare Centres
● Ambulatory Care Centres
● Diagnostic & Imaging Centres
On the basis of Region
● North America
● South America
● Asia Pacific
● Europe
● Middle East & Africa
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