The Internet of Health Things (IoHT) is already delivering tangible cost savings, but continuous investment is essential.
To succeed in the digital economy, healthcare providers and payers must take full advantage of IoHT now to grow their businesses in the long-term. Connected devices using the Internet of Health Things are beginning to transform healthcare delivery.
By introducing more connectivity, remote monitoring and information gathering, IoHT can encourage better use of healthcare resources, more informed decisions, a reduction in inefficiencies or waste and the empowerment of health consumers.
According to estimates, the value of IoHT will top US$163 billion by 2020, with a Compound Annual Growth Rate (CAGR) of 38.1 percent between 2015 and 2020.1 Within the next five years the healthcare sector is projected to be #1 in the top 10 industries for Internet of Things app development.2
1 “The Internet Of Medical Things–What Healthcare Marketers Need to Know Now,” January 2016, Victoria Petrock: Contributors: Annalise Clayton, Maria Minsker, Jennifer Pearson, eMarketer.
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