Medical IoT Statistics


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Medical IoT Statistics 2023: Facts about Medical IoT outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Medical IoT, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Medical IoT Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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On this page, you’ll learn about the following:

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]

Also Read

How Useful is Medical Iot

The concept of Medical IoT is promising in many ways. One of its main benefits is remote monitoring and tracking of patient health. By utilizing wearable devices and sensors, healthcare providers can collect real-time data on a patient’s vital signs, activity levels, and medication adherence. This data can be transmitted to healthcare professionals, allowing for immediate intervention if any abnormalities are detected. For patients with chronic conditions, such as diabetes or hypertension, this continuous monitoring can help prevent complications and reduce hospitalizations.

Moreover, Medical IoT can also improve the efficiency of healthcare operations. Smart hospital beds, equipment, and inventory management systems can help streamline processes, reduce errors, and optimize resource allocation. For example, an IoT-powered scheduling system can automatically assign appointments and prioritize patients based on their urgency, ultimately reducing wait times and improving patient satisfaction. Additionally, IoT-enabled devices can facilitate communication and collaboration among healthcare teams, ensuring seamless care coordination and better patient outcomes.

Another significant advantage of Medical IoT is the potential for personalized medicine. By collecting and analyzing vast amounts of data from different sources, including genetic information and environmental factors, healthcare providers can tailor treatment plans to individual patients’ needs. This targeted approach can lead to more effective interventions, fewer side effects, and improved patient satisfaction. Additionally, the data collected through Medical IoT can contribute to medical research and the development of new therapies, ultimately advancing the field of healthcare science.

However, despite its promises, Medical IoT also raises several concerns that need to be addressed. One of the main challenges is the security and privacy of patient data. As medical devices become more interconnected, they become vulnerable to cyber-attacks and breaches. Unauthorized access to personal health information can have severe consequences, including identity theft, medical fraud, and compromised patient safety. To mitigate these risks, healthcare providers must prioritize cybersecurity measures, such as encryption, authentication protocols, and regular security audits.

Furthermore, the integration of Medical IoT requires clinicians and healthcare organizations to adapt to new technologies and workflows. Not all healthcare providers are equipped with the necessary training or experience to effectively use and interpret the data generated by IoT devices. To maximize the benefits of Medical IoT, healthcare professionals need proper education, resources, and support to leverage this technology for better patient care.

In conclusion, the potential of Medical IoT to transform healthcare is immense. By harnessing the power of data and technology, healthcare providers can deliver personalized, efficient, and effective care to patients. However, to fully realize the benefits of Medical IoT, healthcare organizations must address challenges related to data security, privacy, and workforce readiness. With the right strategies and mindset, Medical IoT has the potential to revolutionize healthcare delivery and improve patient outcomes in the years to come.

Reference

  1. dataprot – https://dataprot.net/statistics/iot-statistics/
  2. wikipedia – https://en.wikipedia.org/wiki/Internet_of_things
  3. healthitsecurity – https://healthitsecurity.com/news/iot-malware-attack-volume-up-123-in-healthcare
  4. ordr – https://ordr.net/article/iot-healthcare-examples/
  5. nih – https://pubmed.ncbi.nlm.nih.gov/31035612/
  6. aimprosoft – https://www.aimprosoft.com/blog/iot-in-healthcare-benefits-challenges-cases/
  7. biospace – https://www.biospace.com/article/iot-in-healthcare-market-to-reach-usd-260-75-billion-by-2027-reports-and-data/
  8. forbes – https://www.forbes.com/sites/forbestechcouncil/2021/03/31/how-iot-is-transforming-healthcare/
  9. fortunebusinessinsights – https://www.fortunebusinessinsights.com/internet-of-things-iot-in-healthcare-market-102188
  10. 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
  11. nih – https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4981575/
  12. secureworld – https://www.secureworld.io/industry-news/iot-devices-and-hipaa-compliance-6-things-healthcare-orgs-must-know
  13. smashingboxes – https://www.smashingboxes.com/post/7-fast-facts-on-internet-of-medical-things-iomt-innovation
  14. statista – https://www.statista.com/statistics/997959/worldwide-internet-of-things-in-healthcare-market-size/
  15. zymbit – https://www.zymbit.com/2021/05/26/medical-iot-cybersecurity-risks-solutions/

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