Medical IoT Statistics 2024 – Everything You Need to Know

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Are you looking to add Medical IoT to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Medical IoT statistics of 2024.

My team and I scanned the entire web and collected all the most useful Medical IoT stats on this page. You don’t need to check any other resource on the web for any Medical IoT statistics. All are here only šŸ™‚

How much of an impact will Medical IoT have on your day-to-day? or the day-to-day of your business? Should you invest in Medical IoT? We will answer all your Medical IoT related questions here.

Please read the page carefully and don’t miss any word. šŸ™‚

Best Medical IoT Statistics

ā˜° Use “CTRL+F” to quickly find statistics. There are total 227 Medical IoT Statistics on this page šŸ™‚

Medical IoT Benefits Statistics

  • When asked to identify the future benefits of IoT, the majority of respondents chose increased workforce productivity and saved costs. [0]

Medical IoT Market Statistics

  • The total telemedicine market in the United States is predicted to reach $22 billion in 2024. [1]
  • The total market in the United States is predicted to reach 22 billion U.S. dollars in 2024. [1]
  • Hardware still accounts for 30% of the total value of IoT technology, although trends suggest its global market value is decreasing. [2]
  • With the IoT market size rapidly expanding amid an increasing need for real time data monitoring, the IoT healthcare industry is expected to grow at a CAGR of 19.9% over the next five years. [2]
  • Based on our analysis, the global market exhibited a significant growth of 24.1% in 2020 compared to the average yearonyear growth during 2017. [3]
  • The market is projected to grow from USD 89.07 billion in 2021 to USD 446.52 billion in 2028 at a CAGR of 25.9% during the 2021. [3]
  • The market is projected to grow at a CAGR of 25.9%. [3]
  • The global IoT medical devices market is projected to reach USD 94.2 billion by 2026 from USD 26.5 billion in 2021, at a CAGR of 28.9% during the forecast period. [4]
  • of things in healthcare market size is expected to experience significant growth by reaching USD 446.52 billion by 2028 while exhibiting an astounding CAGR of 25.9% between 2021 and 2028. [5]
  • This led to the market exhibiting a growth rate of 24.1% in 2020. [5]
  • of end user, the hospitals segment held a global internet of things in healthcare market share of about 34.6% in 2020. [5]
  • The government institutions segment is estimated to account for 14.4% of the market share through 2027 over the forecast period. [6]
  • Today) Apple currently holds the highest smartwatch market share at 40% after shipping 12.9 million units of the Apple Watch Series 6 and SE in the fourth quarter of last year. [7]
  • Its share of the market will remain at around 63% between 2018 and 2020. [7]
  • Hardware accounted for 35% of this $1.7T market value. [7]
  • Morgan Stanley predicted the industrial IoT market size reached $110 billion by 2020 and $124B in 2021. [7]
  • IoT in retail markets is predicted to grow to $35.5 billion in 2025. [7]
  • The lowest implementation of high potential use cases across IoT market segments is seen in energy & utilities (18%) and automotive (17%). [7]
  • This will represent growth at a CAGR of 21.38%, considering that the estimation of the endpoint security solutions in IoT market size by Gartner for 2016 was at $240 million. [7]
  • The growth of the internet of things consumer electronics market in North America is predicted at a CAGR of 12.25% from $90 billion in 2017 to $180 billion in 2024. [7]
  • The IoT market was worth $581B for ICT based spending alone by 2020, growing at a CAGR of between 7 and 15%. [7]
  • The automotive IoT market was valued at $15.87 billion in 2015, indicating a CAGR of 26.5% over the eight. [7]
  • IoT statistics for the healthcare market show a projected growth at CAGR of 30.8% from 2017 when the healthcare IoT market was valued at $41.22 billion. [7]
  • the worldwide smart homes market show an estimated growth at a CAGR of 19.31% rising from $20.38 billion in 2014. [7]
  • In 2018, the worldwide market value of IoT in education was $4.8 billion and was expected to grow at a CAGR of 18.8% through 2024. [7]
  • forecasts for the banking and financial services market predict growth at a CAGR of 52.1% from $0.17 billion in 2017. [7]
  • The worldwide IoT in the manufacturing market was valued at $10.45 billion in 2016 and is set to grow at a CAGR of 29% through 2024. [7]
  • Healthcare Market Growth & Trends IoT in healthcare market size is projected to reach USD 534.3 billion by 2025 expanding at a CAGR 19.9% over the forecast period, according to a new report by Grand View Research,. [8]
  • The global IoT in the healthcare market was approximately $104 billion in 2019 and is expected to grow with a CAGR of 18% from 2020 to 2025. [9]
  • North America was the largest market for IoT in healthcare, with a revenue share of 37% as of the end of 2019. [10]
  • The ā€œSmart agricultureā€ or ā€œsmart farmingā€ market is predicted to be worth $22 billion by 2025 as farmers worldwide seek to utilize RFID, GPS, drones, sensors, and more to gather actionable data and to automate every part of the process. [10]
  • The global agriculture sensor market size was valued at $1.34 billion in 2020 and is expected to expand at a CAGR of 13.6% from 2021 to 2028. [10]
  • Amazon Web Services dominates the IoT market, with 40 percent of IoT developers utilizing. [10]

Medical IoT Software Statistics

  • 29% of developers favor Microsoft’s Azure IoT Suite for enabling connected devices in their software projects. [7]
  • Of the organizations hit by an attack, 30% said the security incident compromised end user safety, according to a survey by security software company Irdeto. [11]

Medical IoT Adoption Statistics

  • Other major barriers to adoption include cost (50%), maintenance (44%), and integration of legacy technology (43%). [7]
  • According to the USDA, guidance systems had the highest rate of adoption across the agriculture industry, and in 2019, were used on between 45 and 65 percent or more of planted crop acres. [10]

Medical IoT Latest Statistics

  • By 2020, 40% of IoT devices will be used in the healthcare industry. [1]
  • In 2016, healthcare related IoT revenues amounted to $24 billion worldwide and this number is predicted to increase to over $135 billion by 2025. [1]
  • There are over 26 billion IoT devices currently active and it’s estimated that 75 billion will be in use worldwide by 2025. [1]
  • As of 2010, the U.S. elderly population was around 13% but it accounted for 34% of the total healthcare expenditure. [1]
  • With an estimated global worth of $457 BILLION IN 2020 , the impact of IoT enabled solutions promises to be profound. [1]
  • The estimated value for 2020 is $742 billion. [2]
  • However, the growth of IoT statistics show that CAGR fell to 8.2% in 2020 an almost twice lower increase than the forecasted 14.9% at the end of 2019. [2]
  • Things are expected to return to normal in 2021, with a CAGR of 11.3% during the 2020. [2]
  • According to current statistics on IoT devices, the number will surpass 3.5 billion by 2024, with Asia leading the charge. [2]
  • The numbers will reach 73.1 ZB by 2025, which equals 422% of the 2019 output, when 17.3 ZB of data was produced. [2]
  • 86% of healthcare organizations were using IoT technology in some way in 2019. [2]
  • According to the most recent IoT healthcare devices statistics, the CAGR of IoT in the healthcare industry is estimated to be 28.6% during 2021. [2]
  • There was a 45% decrease in patient falls, a 60% reduction in bedsores, and an 80% decrease in code blue events. [2]
  • From $91 million in 2016, annual global spending on security measures for IoT networks is set to jump to $631 million in 2021, with a CAGR of 21.38%. [2]
  • Due to discontinued support for Windows 7, 56% more devices are more vulnerable to cyberattacks and malware compared to 2018. [2]
  • According to IoT based attacks statistics for 2019, the average IoT device gets attacked just five minutes after it goes live. [2]
  • According to IoT statistics and challenges forecast for this industry, the most successfully used router password among cyber attackers in 2018 was ā€œ123456.ā€. [2]
  • Coming in second place was another perilous choice ā€“ no password at all ā€“ which accounted for 17% of all IoT attacks. [2]
  • According to Forbes, 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. [2]
  • These IoT statistics involving 1,600 consumers across eight countries show that 92% of participants want to control the type of automatically collected personal information. [2]
  • At least 58% of companies in the retail sector have a number of active IoT projects. [2]
  • 57% of retailers are already taking steps to increase privacy measures, and 43% are focusing on preventing data breach events. [2]
  • IoT brand statistics show that around 34% of brands hope to see the whole industry implement IoT solutions, which would bring an increase in industry growth over the next decade. [2]
  • However, 41% chose not to increase IoT related spending during 2020. [2]
  • Frontier Economicā€™s IoT forecast predicts that over the next 30 years, IoT technology will result in a 10% increase in the United Statesā€™ GDP. [2]
  • If we choose to be optimistic about these metrics, weā€™ll see that around 40% of the technologyā€™s global value will be accrued in the developing economies. [2]
  • The US is leading the way in deploying full scale IoT operations, with 44% of companies now adopting the technology. [2]
  • The US is followed by the UK, with 41% of companies having deployed IoT technology, and Germany, with 35%. [2]
  • According to Vernon Turner, vice president of IDC, there will be more than 80 billion devices connected to the internet by 2025. [2]
  • IoT statistics show that the growth is expected at a CAGR of 26.2%. [2]
  • Around 41% of users wouldnā€™t mind their health data being used to help research the link between heart conditions and exercise. [2]
  • However, if a brief look at IoT devices statistics shows us that only 0.06% of devices that could be connected to the internet currently are. [2]
  • IoT forecasts show that 67% of these devices will be found in China, North America, and Western Europe. [2]
  • According to Statista, 2021 will see 10.07 billion IoT. [2]
  • Itā€™s estimated that the number of active IoT devices will surpass 25.4 billion in 2030. [2]
  • The last available data show that the price shrank an additional 37% to $0.38 in 2020. [2]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [12]
  • Statistics confirm optimistic forecasts today, 70% of the bestselling wearables belong to the health and wellness industry, and 40% of all IoT driven devices will be used there by 2026. [13]
  • According to the forecasts of the McKinsey Global Institute, IoT devices will give a potential economic boost of $4 11 trillion by the same year, which naturally attracts investors and startups. [13]
  • IoT in the healthcare industry can change things with the latest innovations New York Mt. Sinai Medical Center has been able to reduce wait times by 50% with the introduction of AutoBed. [13]
  • According to the National Broadband Plan, using Remote patient monitoring coupled with electronic health records will save the healthcare industry $700 billion over the next 15. [13]
  • The bright future of IoT in healthcare is confirmed not only by statistics and expert opinions but also at the level of the economy, as healthcare spending in the USA will consume 20% of the GDP by 2026. [13]
  • Healthcare takes more than 10% of the GDP of most developed countries. [14]
  • In fact, for the US this figure will be close to 18% by the end of 2019. [14]
  • 64% of physicians believe the IoT can help reduce the burden on nurses and doctors. [14]
  • 28% of Chinaā€™s population uses connected health devices, the highest in the world. [14]
  • For instance, according to the World Health Organization , in 2020, medical staff and patients at a field hospital in Wuhan, China, started adopting CloudMind’s AI synched smart medical devices such as bracelets and rings. [3]
  • Still, 46% of patients are not diagnosed in time. [3]
  • 80% of fortune 2000 companies rely on our research to identify new revenue sources. [4]
  • According to the World Health Statistics report 2017, around 40% of countries have less than one physician per 1,000 people and less than 18 hospital beds per 10,000 people. [4]
  • of things in Healthcare Market Worth USD 446.52 Billion at 25.9% CAGR by 2028 Owing to Presence of Large Population. [5]
  • Market Exhibited 24.1% Growth Rate in 2020 amid COVID 19 The surging number of patients for diagnosis and detection of the novel coronavirus overwhelmed the healthcare settings globally. [5]
  • is expected to grow from USD 22.60 billion in… Fortune Business Insights With 12.1% CAGR, Talent Management Software Market Size Worth USD 17.66 Billion in 2029 Pune, India, April 28, 2024. [5]
  • IoT in Healthcare Market size is forecast to grow from USD 60.83 Billion in 2019 to USD 260.75 Billion by 2027, delivering at a CAGR of 19.8% through 2027. [6]
  • On the basis of component, the medical device segment is estimated to showcase a growth rate of 27.9% through 2027. [6]
  • In the regional landscape, North America is estimated to register a CAGR of 28.6% through 2027 due to increased patient consciousness and engagement, which has led to an increased demand for remote care. [6]
  • Asia Pacific is expected to witness the highest growth rate of 20.5% through 2027 due to the technological advancements in developing countries such as India and China. [6]
  • By 2024, 100% of the global population is expected to have LPWAN coverage. [7]
  • The main revenue driver for 54% of enterprise IoT projects is cost savings. [7]
  • 97% of organizations feel there are challenges to creating value from IoT. [7]
  • There will be a 21% increase in the number of endpoints in 2020 compared to 2019’s figures. [7]
  • Utility IoT use increased by 17% in 2020. [7]
  • According to the Internet of Things stats for 2020 predictions, utility endpoints will increase by 200 million from the year before. [7]
  • Predictions show that by 2021, spending on security measures will increase by 28% compared to 2018. [7]
  • Building automation grew by 42% in 2020. [7]
  • According to the Internet of things growth statistics, the industry will see 130 million more IoT endpoints compared to 2019 figures. [7]
  • According to smart device statistics, the global figures will have grown by 780 million from 2016’s 325 million. [7]
  • According to IoT stats 2020, the closest competitor is Samsung with 10%. [7]
  • According to the Internet of things data for 2021, the technology for this transformation is already available. [7]
  • Gartner’s statistics predicted 25 billion IoT devices by the end of 2021. [7]
  • We have also seen very high numbers cited in some other studies. [7]
  • Consumer electronics accounted for 63% of all installed IoT units in 2020. [7]
  • That will be at a compound annual growth rate of 26.9%. [7]
  • Business investment accounted for more than 50% of the overall IoT spending in 2020. [7]
  • In 2017, only 20% of the world population was covered by this type of network. [7]
  • This includes a CAGR of 7.3% through 2020. [7]
  • Of the 1600 actual enterprise IoT projects in progress, the highest were in the segments of Smart City (23%), Connected Industry (17%), and Connected Building (12%). [7]
  • Only 35% of IoT projects are used to increase revenue. [7]
  • 24% of projects also increase overall safety. [7]
  • The top goal of enterprise IoT deployment varies by country; 23% of Chinese companies use it to increase competitiveness. [7]
  • 58% of manufacturers say IoT is required to digitally transform industrial operations. [7]
  • Sectorwise break up of manufacturing shows that the reliance on IIoT applications is the highest in power and energy (64%), aviation and aerospace (62%), and utilities (58%). [7]
  • More than 80% of senior executives across industries, on average, say IoT is critical to some or all lines of their business. [7]
  • Internet of things statistics show that 28% execs, on average, plan to invest in IoT security in the next 12 months. [7]
  • The variation is much wider (33% to 54%). [7]
  • According to a worldwide survey of IT and business decision makers, only 29% of executives expected that their IoT strategies would result in business efficiency improvements. [7]
  • Actual results showed that 46% experienced gains in efficiency. [7]
  • Similarly, while only 16% of the business leaders projected a large increase in profits because of their IoT investment, 32% ended up with IoT. [7]
  • 93% of enterprises are believed to have adopted IoT technology. [7]
  • A booming 77% of executives in the sector believe IoT technology will allow them to transform offices into a smart workplace. [7]
  • 59% of them use IoT for monitoring and maintenance, while 55% use it for location. [7]
  • 80% of industrial manufacturing companies have adopted IoT in some way in 2020. [7]
  • The Internet of Medical Things sector is estimated to reach $158 billion by 2024. [7]
  • For comparison, a 2020 forecast showed the growth would be at $14.5 billion, with a Compound Annual Growth Rate of 19.6%. [7]
  • IoT statistics showed that over 78% of government professionals reported that the implementation of machine learning technologies is either underway or completed. [7]
  • According to the same study, more than 70% of public sector agencies evaluate the potential of emerging technologies, but only about 25% are moving beyond the pilot phase to full implementation. [7]
  • In terms of average implementation percentage of high potential use cases by industries, telecom is the leader at 36%. [7]
  • Other leading sectors are industrial manufacturing (33%; production asset maintenance, manufacturing intelligence, and product quality optimization) and consumer products (27%; manufacturing intelligence and monitoring shipment conditions). [7]
  • This is followed by the UK (41%) and Germany (35%). [7]
  • According to an estimate, over twothirds of the IoT startups funded in the 2012 2017 period were based in the US. [7]
  • Amazon AWS IoT (19%), and Cisco IoT Services (13%). [7]
  • AWS was more popular with respondents from smaller organizations (28% versus 9%). [7]
  • Googe’s Cloud IoT is being adopted more by employees in larger companies (37% vs. 15%). [7]
  • While over 98% of business leaders have an understanding of the internet of things, stats show that many are unclear of the exact definition of the term. [7]
  • Worldwide IoT security spending will increase from $912 million in 2016, soaring to $3.1 billion in 2021, attaining a 27.87% CAGR in the forecast period. [7]
  • Even though 98% of organizations using IoT are extracting a mass of data from their processes, making sense of this data remains a hurdle. [7]
  • Well over a third (39%). [7]
  • McKinsey & Company) Software infrastructure and applications accounted for 38% of overall IoT spending in 2020, with Solutions Services a close second with 30% of global spending. [7]
  • Hardware ranks third with about 20% of the overall spend, followed by Security and Connectivity. [7]
  • There were 220 million connected cars on the road in 2020, and 90% of all new cars by 2040 are expected to be connected through IoT. [7]
  • This number equates to a 422% increase in output from 2019. [7]
  • According to IoT stats for 2021, there are 31 billion IoT devices in the world. [7]
  • According to the Internet of things hacking statistics, hacking increased by 54% in 2019. [7]
  • Owing to this, 34.0% of top company officials envisage the rise in productivity to IoT technology. [15]
  • AsiaPacific is expected to remain the highest growing segment during 2020 2027, at a CAGR of 20.5%, owing to the technological advancements in developing nations such as China & India. [15]
  • Healthcare providersstanda 75% chance of a data breach of more than 5 million records. [16]
  • 7 statistics Eighty five percent of businesses plan to implement Internet of Things technology by 2019, according to an Aruba report. [0]
  • Almost two thirds of healthcare organizations have introduced IoT devices into their facilities. [0]
  • The majority of healthcare organizations use IoT for monitoring and maintenance. [0]
  • The most common use of IoT technology in the healthcare industry is patient monitors , followed by energy meters. [0]
  • In the healthcare industry, most respondents cite increased innovation as the primary benefit of IoT. [0]
  • The majority of healthcare organizations have suffered from an IoT. [0]
  • Eighty seven percent of healthcare organizations plan to implement IoT technology by 2019. [0]
  • This is slightly more than the 85 percent of businesses across all industries that plan to do so. [0]
  • Demand Growing Exponentially, at a CAGR of 18% ResearchAndMarkets.com BUSINESS WIRE “Global IoT in Healthcare Market by Component, by Connectivity, by Application, by Geography and the Impact of COVID. [9]
  • According to Cisco, that point was reached around 2008. [10]
  • According to GSMA Intelligence, there will be over 25 billion IoT connections by 2025. [10]
  • It is predicted that there will be 41 billion IoT devices by 2027. [10]
  • Smart home devices are and will continue to be a major component of IoT. Over 800 million smart home devices were shipped in 2020, an increase of 4.5% over 2019. [10]
  • Shipments are predicted to exceed 1.4 billion by 2025. [10]
  • In 2021, around 41.9% of US households owned a smart home device, predicted to increase to 48.4% by 2025. [10]
  • Over onefifth of all publicly announced IoT projects involve IoT driven ā€œsmart citiesā€ of some kind, with most of these ā€œsmart citiesā€ announced in North America. [10]
  • In 2020, 18% of IoT solution providers and enterprise users said that 18% of IoT projects were not successful at all, while 40% stated they were mostly unsuccessful. [10]
  • An estimated 646 million IoT devices were used in hospitals, clinics, and medical offices in 2020. [10]
  • 80 percent of healthcare business executives see increased innovation as the biggest advantage of IoT implementation. [10]
  • 73 percent pointed to cost savings, while 76 percent pointed to ā€œvisibility across the organizationā€ as key advantages. [10]
  • The most common healthcare IoT devices include patient monitors , energy meters , and imaging devices. [10]
  • Over 70 percent of healthcare organizations that use IoT devices utilize them for monitoring and maintenance. [10]
  • 50 percent of healthcare IoT is used for remote operation and control, and 47 percent connect their devices to location. [10]
  • According to a 2021 study from Medigate and CrowdStrike, 82 percent of healthcare organizations that use IoT devices have suffered a security breach of their IoT devices in the past 18 months, with 34% of respondents saying the attack involved ransomware. [10]
  • The most common security threats to IoT are malware , human error and DDoS attacks. [10]
  • The health industry is responsible for 6 percent of global IoT projects, with 55 percent of those occurring in the Americas. [10]
  • According to Scand, IoT devices can save healthcare companies a combined $100 billion per year by reducing inefficiencies. [10]
  • In Germany, 91 percent of industrial/manufacturing businesses invest in ā€œdigital factoriesā€ that include IoT solutions. [10]
  • Companies expect IoT and other digital technologies to improve efficiency by 12 percent. [10]
  • That region currently uses over 60 percent of all worldwide industrial robot units, versus just around 20 percent in Europe, and around 13 percent in the Americas. [10]
  • Only 32 percent of data analytics professionals in the industrial industry state. [10]
  • Manufacturing IoT grew 84 percent between 2016 and 2017, by far the highest of any industry. [10]
  • Over 40 percent of commercial drones are used for industrial inspection. [10]
  • poured$237.59 billioninto IoT in 2021 at a compound annual growth rate of 8%. [10]
  • 95 percent of construction business operators believe emerging technologies will fundamentally change their industry. [10]
  • A further 74 percent believe a technology disruption will change their industry within the next 5 years. [10]
  • More than half have already developed a technology/data road map or business strategy. [10]
  • However, only 5 percent see themselves as on the ā€œcutting edgeā€ of construction technology implementation. [10]
  • Most see themselves as followers or even behind the curve. [10]
  • In 2021, 81% of construction companies said they were planning to introduce robotic automation into their operations during the coming decade, partly in response to a growing skills crisis being experienced by 91% of them. [10]
  • Industrial IoT makes up 17 percent of all global IoT projects. [10]
  • Precision agricultureā€”a form of agriculture that uses technology to make every aspect of the agriculture process as streamlined and efficient as possibleā€” was valued at 6 billion in 2020 and is expected to expand at a CAGR of 13.1% from 2021 to 2028. [10]
  • Farmers are also using GPS for soil mapping and variable rate technologies at a rate of around 20 percent per planted acre. [10]
  • Most guidance systems are used for corn, with almost 70 percent of this crop planted and grown using this technology. [10]
  • Around 35 percent of planted corn in the US is monitored with yield mapping technology, which uses GPS to map crop yields and moisture levels. [10]
  • Automated guidance and steering systems are extremely popular for many planted crops, with over 50 percent of rice acres being planted, fertilized and harvested in the US using this technology. [10]
  • According to IoT Analytics, Smart Agriculture accounts for just 4 percent of all global IoT projects, with nearly 40 percent of those Smart Ag. [10]
  • As of 2019, 25 percent of rural farms in the US lacked internet connectivity, making most farming IoT solutions difficult to implement. [10]
  • Over 60 percent of organizations currently use IoT, with only 9 percent that have no IoT implementations at all. [10]
  • IoT developers are primarily concerned with security , while connectivity and data collection and analytics take the next two spots. [10]
  • Most IoT developers are working on developing smart agriculture systems , and industrial automation (26%). [10]
  • However, home automation is losing favor, accounting for just 19% of projects. [10]
  • Linux is by the top Edge/Gateway operating system for IoT, comprising 43 percent of all gateways and edge nodes. [10]
  • However, last year, it accounted for over 70%, indicating that developers are open to alternatives like FreeRTOS. [10]
  • A further 31 percent use Microsoft Azure, while 26 percent use Google Cloud Platform. [10]
  • Most IoT developers use Eclipse Desktop IDE , while 35 percent use Visual Studio Code. [10]
  • The top two connectivity protocols used by IoT devices are Wifi and Ethernet. [10]
  • Bluetooth and the various cellular protocols are tied in third place, with 37% each. [10]
  • 82% of healthcare organizations have experienced an IoT focused cyberattack, survey finds. [11]
  • Heather Landi Cybersecurity Healthcare Costs Medical Devices Patient Safety A survey found 82% of internet of things device makers say they are concerned the devices are not adequately secured from a cyberattack. [11]
  • There are 10 million to 15 million medical devices in U.S. hospitals today with an average of 10 to 15 connected medical devices per patient bed, according to research from security company Zingbox. [11]
  • Healthcare security leaders ranked compromised customer data as their top concern as a result of a cyberattack (39%), followed by patient safety (20%) and stolen intellectual property (12%). [11]
  • Across all three industries, the survey found that operational downtime (43%). [11]
  • This is followed by compromised customer data (42%) and brand or reputational damage (31%). [11]
  • When asked to identify where the most prominent vulnerabilities exist within healthcare organizations, the IT network was cited most frequently (50%), followed by mobile devices and accompanying apps (45%) and IoT devices (42%). [11]
  • Device manufacturers are aware of these security gaps, as 82% of IoT device makers say they are concerned the devices are not adequately secured from a cyberattack. [11]
  • 70% of medical devices will be running unsupported Windows operating systems by January report “. [11]
  • Failure to address these challenges could prove costly, with the average financial impact as a result of an IoT focused cyberattack in the healthcare space identified as $346,000, according to the survey. [11]
  • An alarming number of devices in healthcare organizations, about 70%, will be running unsupported Windows operating systems by January 2020, according to a cybersecurity report from Forescout. [11]
  • The startup says its solutions can unlock 80% of the world’s medical data and abstract that data 27,000 times faster than manual methods often used in clinical settings. [11]
  • Founded in 2016, Mendel has raised $65 million to date, according to Crunchbase. [11]
  • Timothy Babineau, M.D., will be stepping down from his role as president and CEO of Rhode Island based Lifespan on May 31, according to an announcement from the system’s board of directors. [11]
  • His tenure saw the health system grow its total assets from $2.4 billion in 2012 to $2.9 billion in 2024 and its workforce increase 16% during the same period. [11]

I know you want to use Medical IoT Software, thus we made this list of best Medical IoT Software. We also wrote about how to learn Medical IoT Software and how to install Medical IoT Software. Recently we wrote how to uninstall Medical IoT Software for newbie users. Donā€™t forgot to check latest Medical IoT statistics of 2024.

Reference

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  2. smashingboxes – https://www.smashingboxes.com/post/7-fast-facts-on-internet-of-medical-things-iomt-innovation.
  3. dataprot – https://dataprot.net/statistics/iot-statistics/.
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  5. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/iot-medical-device-market-15629287.html.
  6. globenewswire – https://www.globenewswire.com/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.
  7. biospace – https://www.biospace.com/article/iot-in-healthcare-market-to-reach-usd-260-75-billion-by-2027-reports-and-data/.
  8. techjury – https://techjury.net/blog/internet-of-things-statistics/.
  9. grandviewresearch – https://www.grandviewresearch.com/press-release/global-iot-in-healthcare-market.
  10. businesswire – https://www.businesswire.com/news/home/20200828005105/en/Global-IoT-in-Healthcare-Market-2020-2025-Demand-Growing-Exponentially-at-a-CAGR-of-18—ResearchAndMarkets.com.
  11. comparitech – https://www.comparitech.com/internet-providers/iot-statistics/.
  12. fiercehealthcare – https://www.fiercehealthcare.com/tech/82-healthcare-organizations-have-experienced-iot-focused-cyber-attack-survey-finds.
  13. statista – https://www.statista.com/statistics/997959/worldwide-internet-of-things-in-healthcare-market-size/.
  14. aimprosoft – https://www.aimprosoft.com/blog/iot-in-healthcare-benefits-challenges-cases/.
  15. policyadvice – https://policyadvice.net/insurance/insights/healthcare-statistics/.
  16. reportsanddata – https://www.reportsanddata.com/report-detail/iot-in-healthcare-market.
  17. option3 – https://option3.com/healthcare-iot-security-guide/.

How Useful is Medical Iot

IoT in healthcare refers to the network of medical devices and applications that are interconnected through the internet, allowing for the seamless exchange of data and information. From wearable fitness trackers to smart medical devices in hospitals, IoT has enabled healthcare providers to monitor, diagnose, and treat patients more efficiently and effectively.

One of the primary advantages of medical IoT is its ability to collect and analyze vast amounts of real-time data. This data can be used to identify patterns, trends, and anomalies in a patient’s health, enabling clinicians to make more informed decisions and provide personalized care. For example, wearable devices that track a patient’s heart rate, sleep patterns, and physical activity can help physicians monitor chronic conditions like heart disease or diabetes more closely and intervene when necessary.

Additionally, medical IoT has improved the communication and collaboration between healthcare professionals, patients, and caregivers. Through connected devices and applications, patients can easily share their health data with their doctors, facilitating remote consultations and monitoring. This not only enhances the convenience and accessibility of healthcare services but also fosters a more patient-centered approach to treatment.

Moreover, IoT has the potential to reduce healthcare costs and improve operational efficiency. By automating tasks, streamlining processes, and enhancing diagnostic accuracy, medical IoT can help healthcare providers deliver care in a more cost-effective manner. For example, the use of smart sensors in hospitals can optimize resource allocation, reduce wait times, and minimize human error, ultimately contributing to improved patient outcomes and more sustainable healthcare systems.

Despite these benefits, the use of medical IoT raises important ethical and security concerns. The collection, storage, and sharing of sensitive health data raise questions about patient privacy, consent, and security breaches. Healthcare organizations must prioritize data protection measures, such as encryption, access controls, and regular software updates, to safeguard patients’ information and uphold their trust in the system.

Furthermore, the integration of IoT devices into existing healthcare infrastructure requires careful planning, training, and monitoring to ensure seamless connectivity and optimal performance. Issues like device interoperability, data integration, and regulatory compliance must be addressed to prevent disruptions in care delivery and ensure the quality and safety of medical services.

In conclusion, the growing adoption of medical IoT has the potential to transform healthcare for the better by enhancing patient care, improving outcomes, and reducing costs. However, healthcare providers must navigate the challenges of data privacy, security, and interoperability to harness the full benefits of this technology and deliver high-quality, patient-centered care. As we continue to embrace the power of IoT in medicine, it is crucial for stakeholders to collaborate, innovate, and prioritize the ethical use of technology to ensure a healthier, more connected future for all.

In Conclusion

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