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How IoMT is Enabling Healthcare & Medtech Organizations to Tackle Critical Challenges

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How IoMT is Enabling Healthcare & Medtech Organizations to Tackle Critical Challenges

  1. 1. Internet of Medical Things is an ecosystem that is set to completely revolutionize healthcare AI and the Internet of Things (IoT) devices are driving the much-needed change in healthcare delivery making it How IoMT can help healthcare organizations tackle healthcare challenges Doesn’t depend on reactive and symptom-based care Significant IoMT market growth predicted North America from The overall IoMT market is expected to grow from Middle East & Africa from Europe from $13 billion to $45 billion $41 billion in 2017 to $158 billion by 2022 $2 billion to $9 billion $12 billion to $44 billion How 5G Could Help Improve Healthcare Delivery How Innominds IoT and Connected Devices Bringing Digital Transformation in Healthcare Innominds, with its strong domain expertise in healthcare, has helped many healthcare and medical companies in the value chain and has assisted them in serving patients better. Innominds capabilities in Critical Healthcare Devices Tactile imaging medical device solution for effective detection of breast cancer using iFusionTM The client is a manufacturer of FDA-cleared medical devices that provide a simple, highly effective, and painless breast examination without any radiation. The client needed a clinical breast examination solution that enables all areas of the breast to be examined to detect cancer. With iFusionTM , we provided an Edge Analytics solution that detects anomalies and brings accuracy; thus enhancing the operational efficiency of breast examination. Safe, ultra-sensitive, and reliable clinical breast examination solution with immediate, objective, digitized results for patients and doctors. Faster go-to-market: Client conducted clinical trials, got FDA clearance, and started collaborating with healthcare institutions. Streamed the data wirelessly to the application on the accompanying custom- built tablet. Provided multi-dimensional real-time imagery to guide the field health worker in capturing data correctly and completely. Ingested the captured data to the cloud (in real-time or offline) for detailed analysis. Leveraged core tactile imaging algorithms to detect the hardness of the tissue in comparison to surrounding tissue. Enabled the consultant with a cloud-based visualization to examine the breast tissue data and conclude with an advisory. Client Need: What we Did: What the Client Gained: Unrelenting demand pressures from a growing and aging population Increasing public expectations for more personalized, equitable, and convenient services Advances in new treatments and technologies Mismatch between the demand for and supply of adequate numbers and types of staff In 2018, the IoMT market was valued at $44.5 billion and is expected to quintuple to over $254 billion by 2026. As the IoMT grows, it will save the global economy $300 billion in healthcare costs annually. More efficient Reducing costs Improved drug management Enhanced patient experience Remote monitoring of chronic diseases Improved patient outcomes Improved diagnosis and treatment Improved disease management 5G technology has the potential to transform healthcare delivery by boosting speed and capacity while reducing latency. 5G can facilitate faster downloads and communication on mobile devices and tablets used in healthcare settings. 5G fueled high-quality video could help patients and providers achieve a quick, clear connection. 5G can also benefit an expanding network of IoMT devices and other wearables used to conduct remote patient monitoring. 5G is critical for sending large images — and it could pave the way for imaging tools such as X-rays and MRIs to operate wirelessly. 5G can also play a role in supporting augmented and virtual reality tools for training in complex medical scenarios. Healthcare management solutions Field-based diagnostics, analytics & reports Connected healthcare management solutions Patient and provider engagement and intelligence solutions Predictive healthcare solutions Public health education, training & assessment Focus will be more on proactive care Provide preventive and personalized care Doesn’t depend on diagnosis requiring in- person visits to hospitals Thanks to 5G, the developers of the IoMT devices now can take advantage of the data transfer speeds required for the real-time solutions physicians need. The Internet of Medical Things (IoMT) represents a significant subcategory encompassing everything healthcare-related. How IoMT is Enabling Healthcare & Medtech Organizations to Tackle Critical Challenges 1 2 3 4 5 Innominds solutions provide unmatched operational intelligence of service infrastructure, which is necessary for the optimization of digital transformation initiatives while simultaneously assuring critical service performance. Write to us for a demo of our IoT capability in Healthcare marketing@innominds.com About Innominds Innominds is an AI-first, platform-led digital transformation and full-cycle product engineering services company headquartered in San Jose, CA. www.innominds.com References: https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Life-Sciences-Health-Care/gx-lshc-medtech-iomt- brochure.pdf https://healthtechmagazine.net/article/2020/02/what-expect-5g-healthcare https://www.cbinsights.com/research/internet-of-medical-things-5g-edge-computing-changing-healthcare/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7685921/ https://thejournalofmhealth.com/artificial-intelligence-and-the-internet-of-things-in-healthcare/ • • • •

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