Medical IoT Statistics 2023: Facts about Medical IoT outlines the context of what’s happening in the tech world.
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Top Medical IoT Statistics 2023
☰ Use “CTRL+F” to quickly find statistics. There are total 33 Medical Iot Statistics on this page 🙂Medical Iot “Latest” Statistics
- The number of malware incidents involving IoT devices has grown from 813 million in 2018 to a staggering 2.9 billion already the following year, according to Forbes.[1]
- The IoT data and difficulties anticipated for this sector show that “123456” was the most successful router password used by online criminals in 2018.[1]
- According to current IoT device data, there will be over 3.5 billion of them by 2023, with Asia leading the way.[1]
- Around 41% of users wouldn’t mind their health data being used to help research the link between heart conditions and exercise.[1]
- Frontier Economic’s IoT forecast predicts that over the next 30 years, IoT technology will result in a 10% increase in the United States’ GDP.[1]
- Even if statistics indicate that the worldwide market value of IoT technology is declining, hardware still makes up 30% of the overall value of the technology.[1]
- According to IoT brand data, 34% of companies want to see IoT solutions adopted across the board, which would boost industry development over the next ten years.[1]
- After 6 months, the clinic’s IoT in healthcare statistics showed incredible results. There was a 45% decrease in patient falls, a 60% reduction in bedsores, and an 80% decrease in code blue events.[1]
- Currently, the internet uses 5% of all energy produced, making it a significant issue to power IoT devices that gather and even store data.[2]
- In 2017, there were 8.4 billion IoT devices, a 31% year-over-year rise, and it is predicted that there will be 30 billion by 2020.[2]
- According to 2018 study, 70–75% of IoT deployments were stuck in the pilot or prototype stage, unable to reach scale due in part to a lack of business planning.[2]
- In a research released in November 2021 by Medigate and CrowdStrike, it was shown that more than 80% of healthcare firms questioned have experienced IoT security incidents in the preceding 18 months.[3]
- The necessity for vulnerability management to lessen exposure is highlighted by the fact that more than 30% of the revealed vulnerabilities affected IoT, IT and medical device assets.[3]
- Evidence indicates that medical devices may lower hospital infection rates by more than 60%.[4]
- Internet of Things (IoT) technologies have become a milestone advancement in the digital healthcare domain, since then, it is now anticipated that by 2020 there will be over 161 million of them connected worldwide.[5]
- According to the National Broadband Plan, using Remote patient monitoring (RPM) coupled with electronic health records (EHR) will save the healthcare industry $700 billion over the next 15-20 years.[6]
- The Mckinsey Global Institute predicts that IoT devices would potentially benefit the economy by $4-11 trillion by 2025, which will inevitably draw investors and businesses.[6]
- With the newest advancements, IoT in the healthcare sector may transform everything. New York Mt. Sinai Medical Center has been able to reduce wait times by 50% with the introduction of AutoBed.[6]
- By 2026, 70% of the best-selling wearables belong to the health and wellness industry, and 40% of all IoT-driven devices will be used.[6]
- Through 2027, Asia Pacific is anticipated to expand at the greatest pace of 20.5% because to technical breakthroughs made in growing nations like China and India.[7]
- North America is projected to see a CAGR of 28.6% in the regional landscape through 2027 as a result of rising patient awareness and involvement, which has also raised the need for remote care.[7]
- The medical device segment is estimated to showcase a growth rate of 27.9% through 2027.[7]
- The global market for portable and remote patient monitoring has been increasing steadily. From 2020 to 2027, it is predicted to increase at a single-digit compound annual growth rate, reaching approximately $43 billion globally.[8]
- The World Health Organization reports that in 2020, patients and employees at a field hospital in Wuhan, China, began using AI synchronized smart medical equipment from Cloud-Minds, including wristbands and rings.[9]
- On the basis of end-user, the hospitals segment held a global internet of things (IoT) in healthcare market share of about 34.6% in 2020.[10]
- More than any other sector, health-related IoT technology will account for 40% of the market by 2020.[11]
- 33% of bedside healthcare IoT devices have at least one unpatched critical vulnerability that could affect service availability, data confidentiality, or place patient safety in jeopardy.[12]
- Healthcare-related internet of things revenue was $24 billion in 2016 and this number is predicted to increase to over $135 billion by 2025.[13]
- Over 26 billion IoT devices are already in operation, and by 2025, it is estimated that 75 billion will be in use worldwide.[13]
- The effect of IoT enabled products is expected to be significant, with an estimated worldwide value of $457 billion in 2020.[13]
- According to Statista Research Department, In 2016, healthcare-related IoT revenues amounted to 24 billion U.S. dollars worldwide, with forecasts predicting that this number will increase to over 135 billion by 2025.[14]
- According to the Global Connected Industries Cybersecurity Survey from Swedish software company, Irdeto, 82% of healthcare providers that have implemented Internet-of-Things (IoT) devices have experienced a cyberattack on at least one of those devices over the course of the past 12 months.[15]
- Attacks on IoT devices can also threaten patient safety. 20% of respondents considered patient safety a major risk and 30% of healthcare providers that experienced an IoT cyberattack said patient safety was actually put at risk as a direct result of the attack.[15]
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How Useful is Medical Iot
One of the key advantages of medical IoT lies in its ability to provide real-time monitoring of patients. With the help of connected devices such as wearable sensors and remote monitoring systems, healthcare providers can remotely gather vital health data and track patients’ progress outside of a hospital setting. This continuous monitoring enables early detection of health issues and allows for timely interventions, ultimately leading to better health outcomes.
Moreover, medical IoT can significantly improve the efficiency of healthcare delivery. By automating routine tasks and streamlining workflows, healthcare providers can save time and resources, enabling them to focus more on delivering high-quality care to patients. For example, IoT-enabled devices can automate the process of measuring and recording vital signs, freeing up healthcare professionals to spend more time with patients and provide personalized care.
In addition to improving patient care and efficiency, medical IoT also has the potential to empower patients to take control of their own health. With the help of connected health devices, patients can monitor their health metrics in real-time, track their progress, and make informed decisions about their lifestyle and treatment plans. This not only promotes patient engagement but also encourages proactive healthcare management, leading to better health outcomes in the long run.
However, despite the numerous benefits that medical IoT offers, there are also several challenges and concerns that need to be addressed. One of the primary concerns is the security and privacy of health data transmitted and stored by IoT devices. As healthcare data is highly sensitive and personal, ensuring robust cybersecurity measures is essential to protect patients’ privacy and prevent unauthorized access to their data.
Moreover, the interoperability of different IoT devices and systems remains a significant challenge in the healthcare sector. As the number of connected devices continues to grow, it is crucial to establish common standards and protocols to enable seamless communication and data exchange between different devices, applications, and platforms. This interoperability is essential to maximize the potential benefits of medical IoT and create a unified and integrated healthcare ecosystem.
In conclusion, the usefulness of medical IoT is undeniable, with its potential to revolutionize patient care, improve efficiency, and empower patients to better manage their health. However, addressing security concerns, ensuring data privacy, and enhancing interoperability are crucial steps in realizing the full potential of this technology. By overcoming these challenges, medical IoT has the power to transform healthcare delivery and create a more connected and patient-centric healthcare system.
Reference
- dataprot – https://dataprot.net/statistics/iot-statistics/
- wikipedia – https://en.wikipedia.org/wiki/Internet_of_things
- healthitsecurity – https://healthitsecurity.com/news/iot-malware-attack-volume-up-123-in-healthcare
- ordr – https://ordr.net/article/iot-healthcare-examples/
- nih – https://pubmed.ncbi.nlm.nih.gov/31035612/
- aimprosoft – https://www.aimprosoft.com/blog/iot-in-healthcare-benefits-challenges-cases/
- biospace – https://www.biospace.com/article/iot-in-healthcare-market-to-reach-usd-260-75-billion-by-2027-reports-and-data/
- forbes – https://www.forbes.com/sites/forbestechcouncil/2021/03/31/how-iot-is-transforming-healthcare/
- fortunebusinessinsights – https://www.fortunebusinessinsights.com/internet-of-things-iot-in-healthcare-market-102188
- globenewswire – https://www.globenewswire.com/en/news-release/2021/10/12/2312160/0/en/Internet-of-things-IoT-in-Healthcare-Market-Worth-USD-446-52-Billion-at-25-9-CAGR-by-2028-Owing-to-Presence-of-Large-Population-in-Asia-Pacific.html
- nih – https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4981575/
- secureworld – https://www.secureworld.io/industry-news/iot-devices-and-hipaa-compliance-6-things-healthcare-orgs-must-know
- smashingboxes – https://www.smashingboxes.com/post/7-fast-facts-on-internet-of-medical-things-iomt-innovation
- statista – https://www.statista.com/statistics/997959/worldwide-internet-of-things-in-healthcare-market-size/
- zymbit – https://www.zymbit.com/2021/05/26/medical-iot-cybersecurity-risks-solutions/