Exciting io t trends and predictions to look out for in 2022
IoT in healthcare
1. Internetof Things
(IoT)
Discover the best gadgets that works best for your lifestyle
Prepared by: Nikhil Neema
The next big thing - technology in motion
Connecting anything, anyone, anytime,
anyplace by smart network
2. Defining the next generation (IoT) internet of
things
IoT refers to physical devices, such as a weight scale, thermometer and patients’
vital devices to monitor blood pressure, heart rate, diabetes and also helpful for
athletes for their activity monitoring
Transforms information from the physical world in to the digital world
Gartner has estimated that there will be nearly 26 billion devices on the internet
of things by 2020
These devices gather and share information directly with each other and the
cloud, making it possible to collect record and analyze data.
Source: Gartner research, self understanding of the industry
3. Market segmentation - IoT in healthcare,
understanding the dynamics of the business
Source: Self understanding of the industry, IDC reports
IoT in healthcare
Components Applications
End user
benefits
Connecting
technology
Geographic
presence
Medical devices
Wearable external devices
Implanted medical devices
Software and systems
Remote device
management
Data analytics
Network and application
security
Services
Consulting and training
Support and maintenance
services
Clinical
operations
Inpatient
monitoring
Tele medicine
Medication
management
Clinical
research
organizations
Research and
diagnostic
laboratories
Satellite
Bluetooth
technology
Near field
communication
Wi-Fi
Europe
U.K.
Germany
France
Asia Pacific
China
Japan
Latin America
South Africa
North America
U.S.
Canada
5. Source: Forbes and self understanding of the industry
Global IoT in healthcare market valued at USD 58.4 billion in 2014. Market
expansion include the increasing urge to cure various chronic diseases, rising
global population, and a demand for healthcare services
The market is expected to grow with 38% CAGR (compounded annual growth
rate) during 2015 - 2020 and forecasted to reach USD 117 billion by 2020
Government/Infrastructure, global enterprises and home segment will fuel the
growth - industrial equipment manufacturers are transforming to strategically
place their products with the latest technology
Enabling businesses to monitor inventory management system, equipment's,
and machinery. Connection motion sensors with alarms help detect
unauthorized access.
The future of innovative technology products
and the market size at a glimpse with trends
6. Leveraging the use of IoT to benefit the
community by adopting smart and innovative
devices
Source: Healthitanalytics, IDC research and self understanding of the industry
Wearable devices
A rich, cloud-based device
of prompt patient
information that could be
used to track and monitor
Parkinson’s disease to
managing asthma and
diabetes, a real time
information at your finger
tips
Family care
Devices that analyses urine
check hydration levels and
innovative electric
toothbrush, devices that
also keep a track of
pregnancy, innovative
clothes with sensing
devices
Clinical support
A heart, BP monitor
devices that attaches to
your smart phone that is
capable of recording ECGs,
preventive and helps the
user detect any heart
irregular blood function
caused due to severe heart
disease
Reducing
preventable hospital
readmissions
Healthcare providers
realizes the financial
pinch of high rates of
patients and have been
adopting predictive
analytics to keep patients
at home, a noble step to
improvise the social
community
Ease of handling
patients medical
history
Doctors now feel easy as
they can track patients
data on their finger tips,
with such innovative
devices in place it is a win-
win situation for the doctor
and the patient
Monitoring chronic
diseases
Diabetic patients benefits
the use of wireless blood
pressure and blood
glucose measurement
devices, connected with
the primary care providers,
demonstrates the potential
for home monitoring
devices to help patients
8. Changing the landscape of the IoT market
with an innovative approach
Machine to machine (M2M): Commenced with the intention to interact and taking decisions, with a
concept of combining machine data, with Information Technology. With an actionable insight that can
take real-time business decisions
The business to business (B2B) ecosystem: IoT in a context, with the accelerating potential of IoT in
B2B applications have created an opportunity for existing and new businesses opportunities. Health
care businesses are expected to gain most from the Internet of Things include manufacturing and
insurance
The Power of multiple data sources: When you have data only from your devices, the value and usage
of it is less. The power actually multiples when the number of data sources are more. This high level of
correlation would possibly provide much more relevant and meaningful insights
Low cost devices with high battery life: IoT systems are dependent on sensors or devices to transmit
the data in real time. The availability of such sensors has created the possibility to generate more device
data than any time in the past
Smartphone penetration: While Smartphones and mobile internet growing , the need to provide data
to the clients has become a value added service. Updates are available at a go with an ease, this will
embark the future of technology
Increased digitization: Increased digitization is the way companies are exploring their strategies, a
technology approach to bring their offering and services closer to the clients.
Source: Nasscom, Gartner, IDC research and self understanding of the industry
10. A look into the offerings and key strengths of
leading players pushing the IoT market
Source: Gartner business insights and company press releases
Company name Offerings Key strengths
Amazon Web Services Powerful services to gain insights on
data, launched Internet of Things platform, that
uses Kinesis (a real-time streaming service), S3 (a
Simple Storage Service)
Massive cloud computing business, as well
as in-house software analytics expertise
Amazon is the brand to watch
AT&T Banking on its broadband network launched M2X,
a cloud based data storage and flow network to
connect the fleet management system by 2017
Aims at cutting costs and provide an
innovative direction to enhance the fleet
management system
Bosch An automotive parts leader visions to connect IoT
to ease maintenance and monitor devices to
enable better customer care and services
With a wide-reaching, diverse product
portfolio, IoT represents a huge
opportunity for the Bosch Group to
increase business opportunities. Estimated
50 billion devices, appliances and systems
to be connected by 2020
Cisco Framed a range of IoT services including
switching, routing, wireless access, fog computing
services to data analytics, security, management
and automation
Deeper understanding and insights to
create new business avenues, and explore
new revenue streams, Cisco is well
established
Dell High aims to build an infrastructure component
for a world of IoT by offering endpoint
connectivity for devices and analytics platforms to
manage data
Effectively navigating the converged
systems market by positioning its product
portfolio and offering innovative and
industry leading products
12. Source: Gartner reports and self understanding of the industry
Market entry strategies for a technology firm
to enter the IoT space - good connectivity
with an innovative approach is the way to go
Deliver
Configure
Define
Enable
Integrate
Innovate
Enable high quality
devices to connect
wireless network
Define high quality of
product lifecycle to ensure
flexibility
Configure your devices to
ensure product flexibility
and goodwill
On-time delivery, tracking
the competition is key to
win the game
Integrate into mobile
operator networks around
the globe
Set up real-time controls
that provides visibility into
your networks to manage
data effectively