Healthcare providers in Asia/Pacific will invest $16.9 billion in IoT solutions by 2022
Jun 24, 2019
A new report by IDC Healthcare Insights, Internet of Things in Healthcare: Future of Connected Care, reveals that Asia/Pacific* healthcare providers will invest USD 16.9 billion in Internet of Things (IoT) solutions by 2022. The report also explores the relevance and potential of the Internet of Things in the healthcare system by touching upon the use cases, IDC surveys and case examples.
This IDC report shows an overview of the various healthcare challenges faced by the region. This follows the use cases from IDC’s 2018 taxonomy, depicting how effectively these changes could be tackled by adoption of use cases. The relevance and the future projection of IoT adoption are brought to light by referring to the IDC Asia Pacific 2018 surveys. Data from IT spending guide give a clear forecast about the overall IoT spending with specific mention on the type of use cases. Case examples from across the Asia/Pacific* countries, well aligned with the use cases discussed, stress on the extent of adoption and the respective benefits.
Highlights of the report include:
• In Asia/Pacific excluding Japan (APEJ), 33% of the healthcare providers have strong plans to implement IoT solutions in their care delivery system, in the next 2-3 years.
• Healthcare providers in APEJ are expected to invest USD 16.9 billion on IoT solutions by 2022.
• Among the Healthcare IoT use-cases, 'Bedside Telemetry' alone is projected to demand an investment of USD 4.4 billion by 2022, in APEJ.
• Healthcare providers in APEJ are trending toward patient centricity while adopting technology. IDC survey finds that providers are adopting IoT in their organizations mainly to "improve care quality.
"With each passing day, patients will challenge the current efficiency of providers and payers. The need for early detection of diseases and remote monitoring of patients will essentially push IoT adoption forward. As technology is becoming more invisible with advanced sensor systems, subsequently supported strongly with better clarity in regulatory compliance and policies by the respective governments, there would be faster adoption of IoT technologies by both providers and payers, leading to better scalability and efficiency of the care delivery system," says Manoj Vallikkat, Research Manager at IDC Asia/Pacific Healthcare Insights.
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