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The Internet of Medical Things – Opportunities, Applications, and Solutions
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The Internet of Medical Things – Opportunities, Applications, and Solutions

By November 30, 2023May 14th, 2025No Comments

Table of Content:

Introduction
IoMT Market Growth
Benefits and Applications
Complexities and Challenges
The Role of a Partner

Introduction

Patients and healthcare organizations alike rely today on a magnitude of medical devices to monitor and track critical health metrics. But many of these devices operate in silos, with little or no provision for information exchange. Critical data, when not shared across the ecosystem, can result in life-threatening gaps in the healthcare continuum.

This is where the Internet of Medical Things (IoMT) comes into the picture. As a collection of medical devices and applications that connect to healthcare information technology systems, IoMT is set to power the new healthcare economy! Several new IoMT apps and devices are being launched every single day. These devices are completely transforming the way healthcare is delivered and consumed.

IoT-enabled glucometer apps, for instance, deliver real-time glucose, temperature, and other contextual data. They can also monitor parameters such as  food intake, physical activity, and medication, allowing for self-management of diabetes while also facilitating communication between patients and doctors. Abbott Freestyle Libre 2 offers a wide array of on-demand glucose monitoring capabilities, enabling people to live life freely and on their own terms.

Similarly, IoT-based patient monitoring systems collect patient information such as heart rate, blood pressure, and more. Doctors can easily monitor this data using a central console, enabling the remote monitoring of ICU Patients without any manual intervention. Cogniteq’s patient management software seamlessly monitors cardiac conditions, enabling doctors to make a more accurate diagnosis.

Read on as we delve into the many opportunities IoT in healthcare, its applications, and solutions.

IoMT Market Growth

According to analysts, the global Internet of Medical Things market is projected to grow to $187.60 billion in 2028, at a CAGR of 29.5%. While the COVID-19 pandemic kickstarted the IoMT trend, powering the delivery of virtual care, the continued growth is being driven by several factors, including:

  • The rise in the number of patients with chronic diseases who need continuous, around-the-clock monitoring.
  • The demand for virtual consultation and telemedicine, especially from patients residing in rural areas with little or no access to physical care.
  • The pressure on healthcare institutions to proactively understand patient health and deliver value-based care.
  • Rapid advancements in the telecommunication sector, such as the introduction of 5G, offer several promises for the IoMT industry to flourish.
  • Rising healthcare costs are also driving the IoMT market, especially as patients get increasingly concerned about their health.

Benefits and Applications

IoT in healthcare or IoMT presents a paradigm shift in the way healthcare is delivered. It enables efficient real-time, machine-to-machine communication between critical healthcare devices, delivering several benefits.

From improved remote patient monitoring to tracking medication, connecting ambulances en route to medical facilities to analyzing wearable health data – IoMT improves healthcare professionals’ decision-making capabilities.

  • Remote patient monitoring devices allow providers to monitor and manage patients’ chronic conditions. They encourage patients to take control of their health while enabling doctors to gather vital health information and detect anomalies in time.
  • Medical imaging systems can streamline the transfer of critical medical images within the healthcare network. By continuously processing and monitoring data, these systems can help radiologists diagnose issues and link them with patients’ medical histories.
  • Infusion pumps can improve the precision delivery of medication while allowing doctors to monitor and control dosage over the Internet. Doctors can set, modify, or stop the infusion based on patients’ vitals and keep a record of all the commands for future inspection.

Complexities and Challenges

IoMT, although extremely beneficial in today’s digital era, also comes with several complexities in implementation and management. Let’s look at the top 5 challenges of IoMT:

  • High implementation costs: The high cost of IoMT implementation is a major factor that can hamper market growth and deployment success. Costs associated with installation, software updates, hardware maintenance, and network management can be extreme.
  • Cybersecurity risks: Advanced technology invariably poses the threat of cybersecurity. As healthcare institutions look to exploit the capabilities of IoMT, the challenges brought about by the widespread collection and analysis of sensitive patient health data are many.
  • Interoperability hurdles: IoMT demands deep integration with a diverse set of devices, systems, and platforms from different manufacturers. Ensuring seamless communication and data exchange between these devices can be difficult due to differences in data formats, communication protocols, and standards.
  • Data management challenges: IoMT devices generate humongous amounts of data every second. Gathering, storing, securing, and processing this data requires skilled expertise and a strong focus on data security and integrity.
  • Bandwidth and latency issues: Healthcare organizations that rely on IoMT devices need to act on insights in real-time. However, sluggish internet connections and overburdened networks can lead to several bandwidth and latency issues that can impact the accuracy and timeliness of healthcare delivery.

The Role of a Partner

From hospitals to post-patient care providers, medical instrument manufacturers to clinical labs, hospitals to medicine providers, organizations across the care lifecycle can benefit immensely through the adoption of IoMT. But as these healthcare providers embrace IoMT for its many benefits, an expert technology partner can help streamline its implementation. Offering the perfect combination of technological innovation and process conversion, a skilled partner can minimize operational costs while improving patient care. A competent and proficient partner can enhance outcomes in every aspect of the healthcare lifecycle, right from consulting to care delivery, deployment to post-implementation support, a partner can:

  • Establish cross-device connectivity across the medical ecosystem and unleash the seamless flow of data from IoT-based healthcare records and systems to patients interacting with care teams at any time and from anywhere.
  • Combine the power of analytics, automation, and intelligence to spark transformation.
  • Help conduct a comprehensive cost-benefit analysis and ensure healthcare providers get maximum returns from their IoMT investments.
  • Establish the right data protection policies and cybersecurity controls and ensure the continued success of IoMT.
  • Reduce implementation and integration complexity, improve efficiency, and empower healthcare decision-makers with actionable insight at the point of care.
  • Harness the potential of healthcare data analytics and improve healthcare decision-making.
  • Invest in robust data management systems to manage the surging volumes of critical medical data efficiently and securely.
  • Promote interoperability through the establishment of the right APIs and integration parameters.
  • Ensure the seamless scalability and upgradability of IoMT implementation while establishing clear regulations and standards.

As expectations from the healthcare industry increase, the IoMT market is surging globally. IoMT can lead to improved patient care, enhanced healthcare outcomes, and a more efficient healthcare system. But to overcome the challenges that IoMT brings and to realize its full potential, it is important to engage with a skilled and qualified technology partner.

Watch our webinar on “Crossing the IoT Chasm” to learn more about the different aspects of IoT, understand its various industrial use cases, and evaluate its business impact.

As a unique custom healthcare software development and technology services company, Pratiti Tech continually strives towards helping organizations achieve healthcare digital transformation goals. Explore our healthcare industry services today and streamline your IoMT journey!

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Nitin
Nitin Tappe

After successful stint in a corporate role, Nitin is back to what he enjoys most – conceptualizing new software solutions to solve business problems. Nitin is a postgraduate from IIT, Mumbai, India and in his 24 years of career, has played key roles in building a desktop as well as enterprise solutions right from idealization to launch which are adopted by many Fortune 500 companies. As a Founder member of Pratiti Technologies, he is committed to applying his management learning as well as the passion for building new solutions to realize your innovation with certainty.

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