The outlook for the Internet of Medical Things (IoMT) is quite rosy. Helped along by the COVID-19 pandemic.
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What’s Ahead for the Internet of Medical Things
Business Insider Intelligence just published a report on the IoMT, available to purchase for $495. Or you may read the free highlights that follow:
Healthcare providers have been turning to the Internet of Medical Things (IoMT). Why? To facilitate their digital transformation. This started since before the coronavirus hit the U.S. But the pandemic caused a sea change in providers’ willingness to implement IoT solutions to help prepare for, contain, and diagnose the virus.
As the backbone that powers the IoMT, connectivity and technology providers mounted an effort to capture a larger slice of the market as it evolves alongside the coronavirus pandemic. Prior to the pandemic, experts forecast that healthcare providers would adopt IoT devices at one of the fastest rates of any industry segment. With the installed base of IoT endpoints expected to grow 29% year-over-year in 2020.
And pre-pandemic, healthcare was among the top three industries expected to see the fastest growth rates in IoT investment in terms of spending over the 2017-2022 forecast period. But the coronavirus is fundamentally changing how healthcare can be accessed and delivered in the U.S. Thus, we expect to see even faster growth throughout 2020 . In addition, this upward momentum will outlast the pandemic.
For additional free highlights, click the chart.
