Can IoT Data Analytics Fix the Future of the Healthcare System?

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By Kateryna Dubrova | 1Q 2020 | IN-5715


How Can IoT Help?


The 2019 edition of the United Nations (UN) World Populations Prospects report states that there are approximately 7.7 billion people on earth in 2019. The population is expected to grow to up to 8.5 billion by 2030 and 9.7 and 10.9 billion in 2050 and 2100, respectively. However, the most astonishing statistics were revealed in 2018, when the UN acknowledged that, for the first time in history, people aged 65 and over had outnumbered children under age 5 worldwide. ABI Research is interested in how a continuously growing and aging population is impacting the healthcare system. Can Intenet of Things (IoT) technology fix the overwhelming financial burden of healthcare on tax payers in general? How can IoT-native medical data help?

The IoT in healthcare is not a ground-breaking concept, especially since the recent boom in wearable medical devices; ABI Research’s Wearable Device Market Share and Forecasts (MD-WADT-115) Market Data projects a total of US$44.5 Million wearable healthcare devices by 2023. Nevertheless, the emerging IoT technologies and growing competencies over data manipulation…

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