Pareteum for the Healthcare and Life Sciences Industry
One lesson the global coronavirus pandemic taught us was that no matter how efficient a healthcare system may be, it should always strive to be better. Whether it’s the ability to track down lifesaving equipment in large hospitals and chaotic emergency rooms or the ability to offer convenient and affordable remote consultations, digitization continues to change the healthcare industry for the better.
Indeed, not only has the Internet of Things (IoT) vastly improved in-person services, but the growing sophistication of smart devices continues to enhance the scope and scale of the telemedicine industry.
$142.45 billion is the anticipated value of the Internet of Medical Things (IoMT) market in 2026 (Fortune Business Insights)
$559.52 billion is the projected market size of the telehealth industry by 2027 (Fortune Business Insights)
$300 billion is the annual savings likely generated by IoMT technology in the healthcare industry (UnivDatos Market Insights)
The Internet of Medical Things (IoMT) Improves Quality of Care, Cuts Costs, and Increases Access
In healthcare, the term “Iron Triangle” describes the tension that exists between quality, costs, and access. It’s based on the observation that improvements in one are often accompanied by deteriorations in others. However, innovations in IoMT could eventually turn this thinking on its head by enabling healthcare organizations to:
- Bolster patient care with robot assisted procedures, remote check-ups, and real-time remote monitoring.
- Leverage wearables for preventative care and to make informed health recommendations.
- Improve hospital management and efficiency with connected medical devices and equipment.
- Facilitate better communications between hospitals, doctors, and patients.
Pareteum's Products and Solutions
Pareteum offers a suite of products and solutions capable of helping healthcare providers, the life sciences industry, and original equipment manufacturers (OEMs) achieve the full potential of IoMT.