Fiber optic connectors are a substantial fragment of the global telecommunication industry. Optical fibers are joined using fiber optic connectors, which allow the light conduction between two consecutive optical fibers. An additional im…
IoT connectivity for healthcare related devices is a small but growing opportunity. It is estimated that the total number of patients remotely monitored through SIM-based IoT connections at 4.7m at the end of 2015, and we expect this to grow to nearly 18m in 2020, representing a CAGR of 31%. Healthcare services account for just 1-2% of total wireless IoT SIM-based connections.
In higher income markets, this portion tends to be higher and a higher percentage of that spending comes from the public sector; the opposite is the case in lower income markets, with lower portions of GDP and a higher private sector expenditure ratio. Healthcare expenditures are under increasing pressure, particularly in developed markets, because of increasing demands from an aging population, the growing incidence of chronic diseases, continuing healthcare advances, as well as supply side pressures, notably governments needing to lower their overall expenditure.
SIM-based technologies offer the most secure, convenient and easy to use connectivity requiring no device connections to be created: it enables the closest “plug ‘n’ play” experience for the patient which is key, particularly for the elderly, chronically ill or mentally impaired. It also enables constant, secure, near real-time monitoring as well as patient-to-physician communications (voice, messaging or video).
Standard core telecommunications services such as voice, messaging and connectivity, but also increasingly cloud, big data and analytics, and security are important in the B2B healthcare market, both in emerging but mainly developed markets. Furthermore, some MNOs are also offering specialized B2B healthcare value-added services including telemedicine, secure storage, archiving, analytics, information exchange, billing and information systems for hospitals and clinics. However, such services require a long term commitment and/or specialist capabilities typically only accessible through acquisition.
In the B2C segment, some operators offer wellness and fitness devices as well as fitness-related apps, while increasingly the senior segment can be addressed through specialist handsets and other devices and services. Furthermore, as the smart home opportunity grows, an important segment related to home-care based services such as fall detection, automatic lights and emergency alarms, offered through IoT connectivity will emerge.
The report “IoT Healthcare Opportunities for MNOs: Market Forecasts and MNO Approaches” provides a comprehensive analysis of key opportunities provided by IoT healthcare segment and the various approaches being adopted by MNOs and device manufacturers globally, helping executives at MNOs and medical device manufacturers make informed strategic decisions and develop effective partnerships in the IoT healthcare arena. Additionally, this report provides the analysis of key trends in IoT healthcare market helps providers assess the potential impact of healthcare on their business and identify related opportunities.
Companies mentioned in this report: Air Liquide , AT&T, BioTronik, Boston Scientific, Deutsche Telekom, Doro, GreatCall, Intelesense, Livanova, LifeWatch , Medtronik, NovaSom, O2 (UK), ResMed , St Jude Medical, Telefonica, TZ Medical, Philips , Vodacom, Zenicor.