How IoMT is Enabling Healthcare & Medtech Organizations to Tackle Critical Chall

1. How IoMT is Enabling Healthcare & Medtech Organizations to Tackle Critical Challenges The Internet of Medical Things (IoMT) represents a significant subcategory encompassing everything healthcare-related. Thanks to 5G, the developers of the IoMT devices now can take advantage of the data transfer speeds required for the real-time solutions physicians need. In 2018, the IoMT market was valued at $44.5 billion and is expected to quintuple to over $254 billion by 2026. As the IoMT grows, it will save the global economy $300 billion in healthcare costs annually. More efficient Reducing costs Improved drug management Enhanced patient experience AI and the Internet of Things (IoT) devices are driving the much-needed change in healthcare delivery making it Remote monitoring of chronic diseases Improved patient outcomes Improved disease management Improved diagnosis and treatment Internet of Medical Things is an ecosystem that is set to completely revolutionize healthcare Focus will be more on proactive care Doesn’t depend on reactive and symptom-based care Provide preventive and personalized care Doesn’t depend on diagnosis requiring in- person visits to hospitals Significant IoMT market growth predicted The overall IoMT market is expected to grow from North America from Europe from Middle East & Africa from $41 billion in 2017 to $158 billion by 2022 $13 billion to $45 billion $12 billion to $44 billion $2 billion to $9 billion How IoMT can help healthcare organizations tackle healthcare challenges Unrelenting demand pressures from a growing and aging population Increasing public expectations for more personalized, equitable, and convenient services Mismatch between the demand for and supply of adequate numbers and types of staff Advances in new treatments and technologies How 5G Could Help Improve Healthcare Delivery 5G technology has the potential to transform healthcare delivery by boosting speed and capacity while reducing latency. 5G can also play a role in supporting augmented and virtual reality tools for training in complex medical scenarios. 5G can facilitate faster downloads and communication on mobile devices and tablets used in healthcare settings. 5G is critical for sending large images — and it could pave the way for imaging tools such as X-rays and MRIs to operate wirelessly. 5G fueled high-quality video could help patients and providers achieve a quick, clear connection. 5G can also benefit an expanding network of IoMT devices and other wearables used to conduct remote patient monitoring. How Innominds IoT and Connected Devices Bringing Digital Transformation in Healthcare Innominds, with its strong domain expertise in healthcare, has helped many healthcare and medical companies in the value chain and has assisted them in serving patients better. Patient and provider engagement and intelligence solutions Healthcare management solutions Field-based diagnostics, analytics & reports Predictive healthcare solutions Public health education, training & assessment Connected healthcare management solutions Innominds capabilities in Critical Healthcare Devices Tactile imaging medical device solution for effective detection of breast cancer using iFusionTM Client Need: • • The client is a manufacturer of FDA-cleared medical devices that provide a simple, highly effective, and painless breast examination without any radiation. The client needed a clinical breast examination solution that enables all areas of the breast to be examined to detect cancer. What we Did: With iFusionTM, we provided an Edge Analytics solution that detects anomalies and brings accuracy; thus enhancing the operational efficiency of breast examination. Streamed the data wirelessly to the application on the accompanying custom- built tablet. Provided multi-dimensional real-time imagery to guide the field health worker in capturing data correctly and completely. Ingested the captured data to the cloud (in real-time or offline) for detailed analysis. Leveraged core tactile imaging algorithms to detect the hardness of the tissue in comparison to surrounding tissue. Enabled the consultant with a cloud-based visualization to examine the breast tissue data and conclude with an advisory. 1 2 3 4 5 What the Client Gained: • • Safe, ultra-sensitive, and reliable clinical breast examination solution with immediate, objective, digitized results for patients and doctors. Faster go-to-market: Client conducted clinical trials, got FDA clearance, and started collaborating with healthcare institutions. References: https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Life-Sciences-Health-Care/gx-lshc-medtech-iomt- brochure.pdf https://healthtechmagazine.net/article/2020/02/what-expect-5g-healthcare https://www.cbinsights.com/research/internet-of-medical-things-5g-edge-computing-changing-healthcare/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7685921/ https://thejournalofmhealth.com/artificial-intelligence-and-the-internet-of-things-in-healthcare/ Innominds solutions provide unmatched operational intelligence of service infrastructure, which is necessary for the optimization of digital transformation initiatives while simultaneously assuring critical service performance. Write to us for a demo of our IoT capability in Healthcare marketing@innominds.com About Innominds Innominds is an AI-first, platform-led digital transformation and full-cycle product engineering services company headquartered in San Jose, CA. www.innominds.com