5 ways IoT will revamp Indian healthcare industry

 11-May-16, BW CIOWorld

With increased digital adoption, the Indian healthcare market, which is worth US$ 100 billion, will likely to grow at a CAGR of 23 percent to US$ 280 billion by 2020. The scope for further improving healthcare services is enormous with the launch of “Digital India” where the Indian government is stepping towards digital empowerment to better the healthcare system.

Image: BW CIOWorld

Almost one-half (47 percent) of older Indians have at least one chronic disease. India’s aging population will lead to the increase in the prevalence of chronic conditions which requires regular monitoring by doctors and control through prescriptive drugs. Also, around 18 per cent of global deaths and 20 percent of loss of global disability-adjusted life years occur here in India, making it a country with one of the highest disease burdens in the world.

Amidst these challenges, adoption of technology in the healthcare sector offers a ray of hope. The emergence of telemedicine was a stepping stone. Now, with a wider adoption of Internet of Things (IoT), universal access to healthcare will become a reality, with the availability of certified and trained doctors and nurses in rural and semi-urban India, medical facilities for the poor, dissemination of public information and development of communication to promote preventive self-care and risk reduction by conducive life styles.

• Wearable connected devices
• Remote patient monitoring (RPM)
• Monitoring prescription drugs
• Connected care
• Clinical trials 

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 Elsevier APAC Healthcare Update