The Internet of Things (IoT) and emergence of virtual hospitals are revolutionizing the future of healthcare globally. IoT refers to the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity, which enables these things to connect, collect, and exchange data. The trend of IoT integration in healthcare sector promises improved patient care through monitoring health remotely and preventive care. On the other hand, virtual hospitals utilize digital technology and tools to deliver outpatient services and specialized care to people in remote locations. This approach helps overcome challenges of limited physical infrastructure and staff shortage in rural areas. Gradually, IoT backed virtual hospitals would become a go-to solution for non-emergency care services worldwide.
Market Dynamics:
The global IoT and virtual hospital market is driven by the rising need for improved and affordable healthcare amid growing geriatric population, increasing incidence of chronic diseases, and shortage of doctors in several regions. However, high investment requirements for setting up virtual infrastructure, data security concerns pertaining to privacy of patient records, and interoperability issues between different IoT medical devices act as restraints. Meanwhile, the market sees lucrative opportunities from the growing adoption of telehealth and telemedicine services. The COVID-19 pandemic further accelerated the digital transformation of the healthcare sector and boosted remote patient monitoring and virtual consultations using IoT-based solutions.
Increasing adoption of IoT in healthcare is expected to boost the growth of the global IOT and virtual hospital market over the forecast period. For instance, in January 2021, Ivanti, the automation platform that helps make every IT connection smarter and more secure, announced the release of Ivanti Neurons for healthcare, which enhances visibility into medical IoT devices and enables security teams to proactively detect and remediate vulnerabilities. Ivanti Neurons also now integrates with MobileIron Cloud, providing a single pane of glass for enterprises to self-heal and self-secure devices, and self-service end users. With a new application service mapping add-on for Ivanti Neurons for Discovery, IT teams can profile and mitigate risks associated with changes and achieve faster recovery from unexpected downtime.
Key Features of the Study:
Detailed Segmentation:
Global IOT and Virtual Hospital Market- Segmentation
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