The health industry appears to be on the cusp of a new system of care with the advent of 5G networks and the Internet of Things expected to grow rapidly. The standardized 5G mobile network is expected to be commercially expected to be launched by 2020, and it will be able to accommodate more connected devices and monitor data prioritization, keeping less vital downloads from occurring immediately.
As per the data by Deloitte, the global market for IoT in healthcare will increase from $40 billion in 2018 to $158 billion in 2022, with the growth approaching 250 percent in North America and exceeding 350 percent in the Asia-Pacific region. Not just within the hospital but the combination of a better network and more connected devices will improve care in the home as well.
The vast majority of the impact of digital medicine is in outpatient management. It is mostly sickness care when you see a doctor, but what most people would like is to stay healthy. This type of care will range from passive monitoring of at-risk patients to more active monitoring of high-risk or high-acuity patients. Even patients who present as healthy will benefit as monitoring will help identify conditions they may be developing, though they show no outward symptoms of illness. Ongoing data collection can monitor everyday activities closely linked to health and wellness for all the patients.
However, concerns persist despite the promise. Security of IoT devices and the quality of service are the topmost concerns. For instance, if you put in an Amazon order and it doesn’t happen, the world doesn’t stop, but if it’s your pacemaker, it’s a different matter. There will still be a lot of interaction in an office and a lot of face-to-face healthcare, but also a lot of asynchronous activity.