2020 medical IoT industry value may reach 163 billion US dollars
The Internet of Health Things (IoHT), along with the rise of mobile medical care , refers to the interaction and integration of “objects†(objects of doctors, patients, devices, etc.) and “nets†(standard-based processes) in the medical field. That is, a process of forming a "link". Medical IoT can transform raw data into simple, easy to share, and interactive information between different objects. The advantage of this is that it can improve the efficiency of operation, provide people with more convenient medical services and a more pleasant patient experience. Various connected devices using the medical Internet have begun to affect the entire medical industry . IoHT can help suppliers achieve tangible cost savings, but to maximize their role, they need to continue to invest. In order to succeed in the digital economy, medical providers (in the context of healthcare providers) and payers must make full use of today's medical Internet of Things to develop their business in the long term and steadily. Accenture is the world's largest multinational corporation for management consulting, information technology and business process outsourcing, based in Dublin, Ireland. According to a 2017 Medical IoT Survey released by the company, the Internet of Things is expected to provide important financial value to medical providers and payers in the next three years. If medical administrators still don't understand how to use the Internet of Things, they may not be able to effectively save costs. The author compiled the main content of this report for you to understand the important role and development prospects of the medical Internet of Things. Nearly 3/4 of the respondents value IoHT At the beginning of the report, Accenture pointed out that although many medical organization executives are aware of the importance of the medical Internet of Things, for example, 73% of respondents said that the medical Internet of Things will bring the field within three years. Subversive changes, but 49% of respondents believe that the leadership of their organization does not understand the positive significance of the medical Internet of Things for the organization. IoHT investment situation According to the report, by 2020, the market value of the Internet of Things in the medical field will reach 163 billion US dollars, and the compound annual growth rate will be 38.1% between 2015 and 2020. As the IT budget grows, IoHT investment is also increasing, and its investment source is not just the IT department. According to the report, 57% of medical institutions indicated that their IT department is the mainstay of IoHT investment; 26% of respondents said that the R&D department in their organization is the main investment; another 10% of respondents said that There are subsidiaries or departments in their organization that are responsible for IoHT matters. According to the report, the proportion of investment in IoHT solutions by today's medical institutions is increasing with the overall size of the IT budget. As shown in the chart below, medical institutions with a total IT budget of less than US$26 million use 5.8% of their budget for investing in the Internet of Things; medical institutions with a total budget of US$26 million to US$50 million, with a 9.6% investment ratio; For the 51 million to 100 million US dollars, the investment ratio is 10.4%; the total budget is 100 million to 200 million US dollars, the investment ratio is 12.6%; the total budget is more than 200 million US dollars, the investment ratio is 13.7%. IoHT is creating great value Today's medical providers and payers invest primarily in IoHT in three areas: remote patient monitoring (RPM), health and prevention, and operations, and these investments are beginning to create value: we can see medical or administrative/operating costs. Savings, improved patient/consumer experience, and revenue growth through attracting/retaining consumers. Pin And Lanyard ,Eas Steel Wire Lanyards,Stainless Steel Wire Loop,Double Hook Lanyard ZHEJIANG BOSHINE ELECTRONIC SECURITY CO.,LTD , https://www.boshine.com
