Healthcare sector rapidly adopted various IoT solutions

The healthcare sector rapidly adopted various IoT solutions by creating the Internet of Medical Things (IoMT). Devices like heart monitors and pacemakers collect and send patient health statistics over various networks to healthcare providers for monitoring, analysis and remote configuration. Although many of these devices are being used in the industry, FDA approval has been a key hurdle for widespread adoption. Another hurdle is insurance, which plays a key role in the healthcare industry.

Some major factors driving investment into IoT include advanced and precise results, growing cloud-based infrastructure, and the availability of more cost-effective smart devices. However, market growth for IoT in healthcare is restrained by factors such as lack of funding and business model and data security and privacy issues.

In this report, the market has been segmented based on component, application, connectivity, end-user and geography. Based on component, the IoT in healthcare market has been categorized into medical devices, systems and software, services, and technology.

Service providers in the healthcare IoT market deliver customized and integrated programs that help companies generate consistent and improved business results and handle the entire life cycle of services. Integration of IoT medical devices involves several smart, connected devices that can be used to track patient health and alert physicians before any infection occurs.

The focus of IoT healthcare systems and networks is to minimize project delivery times and costs through device management and deployment, data security, data collection, and data analytics. Processes and software include remote device management, management of bandwidth use, data science, privacy applications and information security strategies.

The global IoT in healthcare market based on connectivity has been categorized into Wi-Fi, Bluetooth, Zigbee and other connectivity types. The Wi-Fi connectivity-type segment dominated the market in 2020. Some of the major connectivity types under the other connectivity-type segment include Loran and LTE-M. LTE-M is the wireless network of a cellular carrier, endorsed by the industry group GSMA and by the group of standards 3GPP.