The impact of IoT on healthcare costs and resource utilization

Healthcare is one of the most rapidly evolving industries in the world today, and advances in technology are propelling a large part of this transformation. The Internet of Things (IoT) is one of the most influential technological breakthroughs in recent years, and it has had a considerable effect on healthcare. Also referred to as the Internet of Medical Things (IoMT) or Internet of Healthcare Things (IoHT) , the technology uses interconnected devices and sensors to collect and share data. This data can enhance patient care, manage chronic illnesses, and reduce expenses. According to a recent report from Precedence Research , the global IoT in healthcare market size is expected to reach $960.2 billion by 2030. The market was valued at $180.5 billion in 2021; thus, it is expected to witness a CAGR of 20.41% from 2022 to 2030. Considering the market growth, it is the right time to implement IoT in your healthcare services to offer simplified healthcare to your patients, reduce the overall operational costs and improve access to critical information. A dedicated healthcare software development company can help put things into perspective per your custom business requirements. From offering efficient and simplified data collection and analysis all […]

You may also like...