A Guide to Healthcare IoT Opportunities

The Internet of Things (IoT) is one of the newest trends in technology and going by the research and buzz around it, it is clear that IoT has the potential to transform the healthcare sector as well as change our lives. This Healthcare IoT sector is on the high rise with every passing year. Analysts at MarketResearch.com claim that the worth of this sector is estimated to reach $117 million by the year 2020.

While the definitions of IoT may vary, essentially it essentially means transfer and exchange of data between systems, consumers, and devices. The increasing adoption of wearables is just the first step towards the huge potential of IoT in healthcare. With IoT, consumers are now able to take control of their own health and that too, in a very personalized manner.

Let us have a look at a few areas where IoT can have or is already having a huge impact –

Chronic Disease Management

Patients with chronic diseases such as high blood pressure, diabetics or heart diseases often have access to devices such as glucometers, pedometers or blood pressure monitors which they use regularly. The task for them is to maintain a record of their readings and present those to the doctor during the doctor’s visit. Any misrepresentation of data or incomplete information can affect the doctor’s judgment and treatment. IoT can bridge this gap – the devices can automatically send the periodic data to the doctor. The doctor can then perform various analytics on the data. With this, when the patient visits the doctor next, the doctor not only has the complete and accurate information about the patient’s readings but he also has opportunity to do the analysis himself and tweak the treatment.

Remote Health Monitoring

With Remote Health Monitoring, patients can receive the right care without leaving their homes. Through sensors or smartphone apps, the vital parameters of the patients can be constantly monitored and immediate alerts can be sent to the healthcare practitioner in case any concern. In case of any issues, the doctor can immediately connect with the patient through video consultation or mobile consultation and accordingly prescribe medication. Elderly patients find remote monitoring quite comforting because they can be assured that they are being constantly monitored and also have the option to speak to their doctor without having to leave their homes.

Preventive Care and Wellness

Wearables have taken the world by storm. Health enthusiasts swear by the fact that fitness bands have made them more cautious about their health. With wearable technology, consumers are able to monitor their crucial health parameters on a regular basis and are able to supervise their own health conveniently.

Medication Dispensing

Medication dispensing service is one of the most successful applications of IoT. Elderly people face several issues with their medication – they tend to forget to take their medication, sometimes they take the wrong pills or take incorrect doses. Medication dispensing device relieves the patients from this worry – Through a light or voice reminder, it alerts a patient when it’s time to take medication. On getting the reminder alert, the patient has an option to push a button and the right medication with the right dosage is automatically dispensed. The device is synced to the user’s phone keeping a complete record of missing doses, medication refill time etc.

While the applications and uses of Internet of Things technology are innumerable and the implementations have the potential to bring a positive change in the lives of patients at large, it could raise concerns around data security and privacy. Although most of the current communication from devices happens through the cloud, the data cannot be claimed to be immune from hackers. Different devices coming from different systems don’t necessarily have common controls around them. We are sure that as the adoption grows, these issues will be ironed out because IoT definitely has the significant potential to lower healthcare costs, improve case, improve patient outcomes, and enhance decision making.

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