India is becoming self-reliant with smart healthcare
The Internet of Medical Things devices can help to bridge existing gap by enabling remote patient monitoring and telemedicine .
If we were to name one positive outcome of the COVID-19 outbreak and its subsequent waves , it is the emergence of faster adoption of technology in every industry . The healthcare sector is no exception . From smartwatches monitoring vitals to patients using smart phone for video consultation from doctors , the healthcare sector has made a massive leap into the digital era , transforming the way healthcare is made accessible today .
With the adoption of technology and the emphasis on preventative health , disruptive models from health-tech start-ups have also emerged . According to a report by RBSA Advisors , the Internet of Things ( IoT ) together with telemedicine has developed a new Internet of Medical Things ( IoMT ) that is essential in tracking and preventing illnesses . It allows healthcare providers to determine the best method for each patient with the aid of more effective , precise , and lasting interventions by using AI-driven analytics , tools , and equipment . The study also reports
that the Indian health-tech market is anticipated to grow at a CAGR of 39 % and reach $ 50 billion by 2033 .
IoT Strengthening Patient Experience
IoT-enabled connectivity has the potential to catapult the healthcare system into an integrated , efficient , and patient-centric system . With the integration of medical devices , smart sensors , mHealth apps , and artificial intelligence ( AI ), today the possibilities are endless . According to a study by research firm Frost & Sullivan , AI can improve patient outcomes by 30 percent to 40 percent while reducing treatment costs by up to 50 percent .
Telemedicine in India today provides patients with convenience and quick access to critical information , especially in emergency scenarios . Adoption of IoT presents benefits for providers by ensuring faster response times , remote patient health monitoring , less hospital overcrowding and more room for
66
BioVoiceNews | March 2023