From improving patient care to streamlining hospital operations, IoT is the game-changer we've been waiting for. We've highlighted how it empowers patients, enhances physicians' capabilities, optimizes hospital operations, and even revolutionizes health insurance. But the impact doesn't stop there. Interested in how IoT could alter your healthcare experience or boost your healthcare business? Dive into our latest blog post to discover the current state of IoT in Healthcare, its numerous advantages, practical applications, and promising future. Remember, the wave of digital transformation is upon us. 🌐🌊 Read the blog post here: https://lnkd.in/giDkgZNx 👈 #IoT #HealthcareTech #DigitalTransformation #HealthcareInnovation #ConnectedHealth #UtahTechLabs

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IoT in healthcare
Impact, advantages and
applications

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By 2028, it is expected that the
global Internet of Medical
Things (IoMT) market would
have grown to $187.60 billion.
According to Fortune Business
Insights, this number shows a
growth of more than four times its
worth in just eight years.

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In simple terms, greater
connectivity results in more
readily available data, which
in turn improves patient
healthcare services.

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The Impact of IoT on
Healthcare Stakeholders
1. Empowering Patients;
2. Enhancing Physician's Capabilities;
3. Streamlining Hospital Operations;
4. Revolutionizing Health Insurance.

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The current state of
IoT in Healthcare
The global IoT in healthcare
market, valued at USD 252.1 billion
in 2022, is predicted to increase at a
compound annual growth rate
(CAGR) of 16.8% from 2023 to
2030, according to a report by
Grand View Research.

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IoT devices are being gradually
incorporated into many
healthcare settings, such as
hospitals, clinics, nursing homes,
and even patient residences.

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Patients are given the ability to
monitor their fitness and health
issues in real-time with IoT
devices such as smartwatches
and fitness trackers.

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The Advantages of IoT in
Healthcare
The Internet of Things (IoT) offers a
wealth of benefits across various
sectors, with healthcare being a
significant beneficiary. Here are the
primary advantages of IoT in this field:

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1. Real-Time Monitoring
and Reporting
By 2027, it is anticipated that the global
Remote Patient Monitoring (RPM)
market would have grown to more than
$1.7 billion, indicating a rising need for
real-time patient monitoring
technology.

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2. End-to-end connectivity
and affordability
The IoT makes healthcare more
accessible and affordable. Patient care
workflows can be automated, opening
the door for cutting-edge healthcare
facilities, by combining healthcare
mobility solutions and other cutting-
edge IoT technology.

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