Macroeconomic Developments will Aid in IoT Sensors in Healthcare Market Growth

IoT Sensors in Healthcare market: Introduction

There’s no shortage of predictions about how the Internet of Things (IoT) is going to revolutionize healthcare by dramatically lowering costs and improving quality. And presently, companies like Freescale (NXP Semiconductors) are involving themselves in execution of such practices. Wireless sensor-based systems are at work today, gathering patient’s medical data that was never before available for analysis and delivering care to people for whom care wasn’t previously accessible. IoT-driven systems nowadays are making it possible to radically reduce costs and improve health by increasing the availability and quality of care.

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IoT Sensors in Healthcare systems today are based on the essential definition of the IoT as a network of devices that connect directly with each other to capture and share vital data through a secure service layer (SSL) that connects to a central command and control server in the cloud. IoT sensors in Healthcare market is of importance, as advances in sensor and connectivity technology are allowing devices to collect, record, and analyze data that was not accessible before. In healthcare, this enables collection of patient data over time that can be used to help enabling preventive care, and allowing prompt diagnosis of acute complications.

It also promotes the indulgence of how a therapy (usually pharmacological) is helping improve a patient’s parameters, and the ability of devices to gather data on their own reduces the limitations of human-entered data automatically, thus obtaining the data doctors as and when require. Automation reduces the risk of error through sensors. Fewer errors can mean increased efficiency, lower costs, and improvements in quality in just about any industry. But it’s of particular interest in healthcare, where human error can literally be the difference between life and death.

IoT Sensors in Healthcare market: Drivers and Challenges

The IoT plays a significant role in a broad range of healthcare applications, from managing chronic diseases at one end of the spectrum to preventing disease at the other. Some of the drivers for the IoT Sensors in Healthcare market are the emergence of IoT sensors in applications like clinical care, remote monitoring, early intervention/prevention and others. This follows as hospitalized patients whose physiological status requires close attention can be constantly monitored using IoT-driven, non-invasive monitoring.

This type of solution employs sensors to collect comprehensive physiological information and uses gateways and the cloud to analyze and store the information and then send the analyzed data wirelessly to caregivers for further analysis and review and there are people whose health may suffer because they don’t have ready access to effective health monitoring. But small, powerful wireless solutions connected through IoT are now making it possible for monitoring to come to these patients instead of vice-versa.Security of medical data processing on the cloud in IoT Sensors in Healthcare market still remains a point where the technology is not able to cope turning it as a restraint for the market.

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IoT Sensors in Healthcare market: Key Players

Some of the key players of IoT Sensors in Healthcare market are: Honeywell International Inc., Bosch Sensortec, Ericsson, Google Inc., HTC Corporation, ARM Holdings, IBM, Infineon Technologies, Intel Corporation, Invensense Inc., Microsoft Corporation, NXP Semiconductors NV, Omron Corp, Qualcomm Inc, Robert Bosch, STMicroelectronics, Samsung Electronics Co, Ltd., Acuity Brands Inc., Siemens, Augmedix, Quanttus, Glucovista, Sproutling, Neurovigil, Sensoria, Beddit, Senseonics and others.

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