Wireless medical devices are crucial in enabling the modern healthcare system with efficient remote care. Connected medical devices monitor and continuously track a patient’s physiological conditions and can transmit data and communicate with other devices. The collected health data can then be used by healthcare professionals to diagnose patients remotely. Smart medical sensors, such as a continuous blood glucose monitors, can be used to automatically control an insulin pump to deliver the correct dose at the right time.
The worldwide wireless medical device market is projected to grow as a CAGR of 12% until 2025, adding a US $17 billion addressable revenue for IoT device makers.
The global ambulatory care service market is expected to grow 4.8% yearly, reaching USD 113 billion in 2026 (US $77 billion in 2018).
51% of Medtech companies disclosed future business models focused on connected medical devices
Smart medical devices collect, process, and transmit private health data, making security the most critical user requirement. A single breach is enough to lose a user’s trust. Any end product that stores, processes, receives, or transmits personal data must be designed securely for current and future threats.
Medical device users’ health, sometimes even life, can depend on a stable wireless connection. Data needs to be transmitted to the cloud continuously for processing and diagnosing, regardless of environment and circumstances.
To succeed in the intensely competitive smart home market, it is not enough to just develop and launch products to the market. With the continuously evolving software, security and wireless ecosystems, you must consider how to manage the entire IoT product lifecycle, from design to decommissioning, while meeting the user requirements every single day.
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