In 2022, the global Internet of Medical Things (IoMT) market reached USD 48.7 billion and is projected to soar to USD 370.9 billion by 2032, growing at a CAGR of 23.15%.
The IoMT, a subset of Internet of Things (IoT) technologies, revolutionizes healthcare by connecting patients, doctors, and medical devices through secure networks.
By leveraging automation, sensors, and machine-based intelligence, IoMT enhances access to healthcare information, reducing the need for unnecessary doctor’s visits and lowering costs for patients and providers.
As the IoMT market evolves, telehealth and telemedicine continue to transform healthcare, enabling more accurate diagnoses, timely care, and cost savings.
Telehealth and telemedicine encompass a wide range of digital healthcare services, from patient-doctor communications to remote diagnoses and monitoring.
Companies are increasingly leveraging the Internet of Medical Things (IoMT) to enhance healthcare delivery and patient outcomes. Alibaba's Medical Brain utilizes AI and big data to improve patient care, while PCCW Global and SURE Universal have partnered to provide IoT-based healthcare solutions.
During the COVID-19 pandemic, Telekom Malaysia Berhad (TM) installed 5G base stations at quarantine centers to facilitate rapid data exchange with medical authorities.
Additionally, True Corporation collaborated with Siriraj Hospital, the National Broadcasting and Telecommunication Commission, and Huawei to establish Thailand’s first and largest public 5G hospital. These initiatives demonstrate the pivotal role of IoMT in transforming healthcare systems globally.
While telemedicine initially focused on clinical services, telehealth now encompasses broader healthcare activities, including education and administrative meetings. IoMT devices play a crucial role in enabling telehealth and telemedicine services, providing the connectivity necessary for remote healthcare delivery.
Also Read: IoT and Its Role in Revolutionizing the Healthcare Industry
