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Using IoT in healthcare has become more or less commonplace these days. With the proliferation of IoT- and RFID-based monitoring and telemonitoring applications that drill down to human, device, and organizational level, the healthcare industry, currently, is onlooking the next IoT-wave in the ecosystem. As more and more advanced approaches are implemented within the scope of the digital transformation of the healthcare industry, IoT is going to spearhead this revolution.
Already applications such as smart pills, smart home care, personal healthcare, robotics, and Real-time Health Systems (RTHS) are disrupting the marketplace, and there is more to follow. While all of these transitions are underway, new definitions such as the Internet of Healthcare Things (IoHT) and Internet of Medical Things (IoMT) are already emerging in the healthcare landscape.
The next five years is extremely crucial for healthcare application as the IoT takes center stage in the digital transformation of the healthcare sector. Many stakeholders and industry leaders are stepping up to this responsibility, empowering the true wave of innovations of healthcare-related IoT. Moreover, there is a burgeoning need for customer engagement that has paved way for home-based care and other amenities. To meet this demand, major players in the healthcare ecosystem has stuck partnerships and have come up with novel approaches, which has significantly improved the quality of care.
Studies show that most healthcare organizations now prefer on IoT-based monitoring applications and the day is not far when IoT will meet every healthcare need. The healthcare market value by 2020 is estimated to be $ 170 billion approximately, and IoT-based devices and applications will dictate a significant part of it.