The world has been flooded with connected devices, and this trend is here to stay. The advancement in the semiconductor industry, especially the development of advanced sensors, has allowed this trend to pervade the medical devices space as well, giving rise to what we call the connected devices medical space.
The presence of advanced sensors in these connected medical devices enables generation of large amounts of data and information making them ripe for disruption by suite of technologies popularly known as the Internet-of-Things (IoT). Furthermore, as the current demand themes in the healthcare sector, such as shift to value-based care models, be-your-own doctor, personalized care, and data-driven care decisions, gain more traction there will be further incentives for various stakeholders to adopt IoT and facilitate positive health outcomes. To understand this disruptive potential of IoT in the medical devices space and the wider healthcare industry, Everest Group looks at basic questions such as:
What are the critical components that ensure the success of IoT in medical devices?
What does the wider IoT ecosystem look like?
What are some key use-cases of IoT across various care settings?
What are the impediments to the widespread success of IoT going forward?
What does the future hold for IoT in medical devices?
Enterprises are challenged by intensifying competition, uncertain macroeconomic environment, digital-savvy nimble firms, and ever-increasing demands of digital-native consumers. They are leveraging digital technologies to tackle these challenges and…
