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What is the Internet of Medical Things (IoMT)?

The Internet of Medical Things (IoMT), a subset of Internet of Things (IoT) technologies, comprises inter-networked devices and applications used in medical and healthcare information technology applications. IoMT devices connect patients, doctors and medical devices — including hospital equipment, diagnostic gear, and wearable technology — by transmitting information over a secure network.

Much like general IoT devices, IoMT, also known as healthcare IoT, uses automation, sensors and machine-based intelligence to reduce reliance on human intervention during routine healthcare procedures and routine monitoring operations. By providing patients and providers with enhanced access to a patient’s healthcare information, IoMT reduces the need for unnecessary doctor’s office and hospital visits. IoMT also lowers costs for both patients and providers.

In 2017, Frost & Sullivan projected that the Internet of Medical Things (IoMT) market would grow at a compound annual rate of 26.2%, hitting $72 billion by 2021. That estimate appears quite low today. The COVID-19 pandemic has driven an exponential rise in IoMT, with quarantine and stay-at-home orders dramatically accelerating trends in telemedicine and telehealth. As the IoMT market matures, telehealth and telemedicine will continue to transform healthcare as we know it, allowing for more thorough and accurate diagnoses, more timely care and cost savings for consumers and providers alike.

What is the Internet of Medical Things (IoMT): Contents

IoMT and Telehealth

What are telehealth and telemedicine? What is the difference between telehealth and telemedicine?

Telehealth is defined as “the use of digital information and communication technologies, such as computers and mobile devices, to access healthcare services remotely and manage your healthcare.” As with the term “healthcare,” telehealth comprises a broad spectrum of activities, including patient-doctor communications, diagnoses, ongoing monitoring, and education and counseling.

Telemedicine, on the other hand, has generally been used to define a more limited spectrum of technology-based healthcare tools that provide clinical services, namely the remote diagnosis and patient monitoring.

When telemedicine emerged in the 2000s, the technology was limited in scope. Early telemedicine applications were strictly clinical in nature, limited to services such as screening a potential patient over video or monitoring an ICU patient’s vital signs from a remote location. As telemedicine evolved, its capabilities quickly expanded beyond the strict boundaries of clinical medicine, resulting in the broader term telehealth. Today, telehealth is broad enough to include doctor training and administrative meetings held in a video chat room, in addition to clinical services.

Once distinct, the two terms are now used more fluidly, and many sources use the terms interchangeably.

How does the Internet of Medical Things (IoMT) relate to telehealth and telemedicine?

While telehealth and telemedicine both refer to a large group of technologies, services and strategies, IoMT refers specifically to the devices that allow them to function. Without IoMT connectivity, telehealth would be largely impossible; at the same time, an IoMT device is fairly useless by itself. For example, a device that records a patient’s blood pressure every day and uploads that reading to the cloud does nothing on its own to improve that patient’s health. A broader telehealth solution is required to interpret those readings, diagnose a condition, devise a treatment plan, deliver therapies and monitor the patient over time. While some of these efforts may be possible through artificial intelligence (AI)/machine learning and other computer-based technologies, at some point, an actual human physician will need to get involved.

As the capabilities of IoMT devices continue to advance (and global conditions keep more people at home), these technologies will become even more important to the medical community and the general population.

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What are the benefits of IoMT?

IoMT holds numerous benefits for both patients and healthcare providers.

  • Personalized, precision diagnoses and therapeutics — Many IoMT devices are designed to track a patient’s vital signs in detail and depth, to a degree that wouldn’t be possible during a brief office visit. For example, with a month’s worth of blood pressure or pulse rate readings, a doctor can more accurately diagnose a condition and create a more personalized and effective treatment plan.
  • Remote medical treatment and advice — The very nature of IoMT devices means they can capture data from anywhere — such as a patient’s home — then transmit that information securely to the physician, all without requiring a visit to the office.
  • Patient empowerment — IoMT devices such as wearables and smart scales let patients take control of their vitals, giving them information they would otherwise have to visit a doctor to get. Rather than waiting for an annual checkup, patients can now keep tabs on their health in real-time

IoMT Provider Benefits

  • Cost control – With the cost of medical care ballooning in recent years, providers are embracing cost-effective healthcare technologies. In 2015, Goldman Sachs predicted  the savings from IoMT technologies, namely remote patient monitoring, would total about $305 billion.
  • Improved patient monitoring – Chronically and seriously ill patients need more intensive monitoring, sometimes requiring around-the-clock care. IoMT devices allow physicians to monitor patients from afar without having to rely on human caregivers, alerting them instantly if something goes awry.
  • Upgraded operations – IoMT improves hospitals’ operations by giving providers and administrators easier, centralized control over their facilities. IoMT devices can provide them with more visibility into their environment, and provide physicians with new technologies like robotic surgical aids and high-resolution digital imaging systems.
What are the challenges of implementing IoMT?

Implementing IoMT is not without its share of challenges, the biggest being security and privacy. Medical data is highly regulated — most notably by the Health Insurance Portability and Accountability Act (HIPAA) — and providers have a heavy burden to prevent its compromise. Introducing IoMT devices into the environment invites some level of risk, largely due to the copious amount of additional data that flows between patients and providers.

Interoperability and standards are other hurdles that IoMT vendors face. In an ideal world, healthcare IoT equipment from one vendor would work seamlessly with another vendor’s infrastructure, but that hasn’t been the case, and uniform standards have been elusive. While some certification processes have emerged, the industry is still a long way from having universal interoperability.

Another ongoing issue — and perhaps the most difficult to resolve — is the inability to update IoMT devices. While IoMT devices are state of the art when they’re released, once a device is in the field, it can be difficult to upgrade or update with new features. Consumers are unlikely to upgrade their wearable devices or connected devices every year, and hospitals are generally slow to roll out expensive new equipment, resulting in a patchwork of products with different capabilities across the market. Upgrades become even more of a challenge with implantable devices, such as pacemakers, that are surgically embedded.

IoMT Devices

What are the major types of IoMT devices?

IoMT devices span a wide range of categories, including:

  • Consumer-grade wearables – Smart devices that include Fitbit and other fitness monitors, activity trackers, and Apple watches, among others.
  • Medical-grade wearables – Regulated, clinical-level products that are used under the guidance of a clinician, including devices designed to manage pain, improve physical performance and resolve other health issues.
  • Remote patient monitoring (RPM) devices – Systems that help manage chronic diseases, usually placed in the homes of patients who are undergoing long-term care.
  • Personal emergency response systems (PERS) – Wearable devices that allow a patient, often a senior, to quickly call for help to a care provider in an emergency.
  • Smart pills – An emerging category of devices that can be swallowed by a patient, wirelessly transmitting data about a patient’s internals to medical providers.
  • Point-of-care devices and kiosks – Mobile devices, ranging from ultrasound machines to blood glucose meters, that can obtain diagnostic information and other health data — whether they are in a doctor’s office or in the field — without the need for a full laboratory.
  • In-clinic monitors – Similar to point-of-care devices, except that they can be managed remotely, without the need for an expert care provider on-site.
  • In-hospital devices – A large segment of devices, including MRI machines, used to track hospital assets, monitor patient flow, track inventory (such as pharmaceuticals), and manage other hospital resources.
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How important is security for IoMT?

IoMT devices offer numerous benefits including convenience, improved quality of care, and lower costs, but all of these come with some level of risk, so security is of paramount importance for IoMT devices. The healthcare security market alone is predicted to hit $8.7 billion by 2023, according to Frost & Sullivan.

The most significant risk that patients face is losing confidential medical data that could be embarrassing or damaging to them if exposed. That risk weighs heavily on providers as well, since they can be held liable financially — and even criminally — if their customers’ data is breached. At the highest level, HIPAA carries a maximum penalty of $1.5 million for each year a provider is in violation, as well as a prison sentence. As such, it is essential that patient data be kept safe using the strictest of security protocols.

Consumer health data isn’t the only target that hackers are after. Providers and healthcare organizations are faced with a variety of additional types of attacks. Medical fraud — in which a hacker uses the credentials of someone else to obtain drugs or medical services — is a common concern. And much in the same way that other kinds of businesses are attacked through their computer networks, cybercriminals may also target specific medical devices for health information (a smart pacemaker, glucose monitor or insulin pump, for example) and disable them online in exchange for a ransom, potentially putting patients at risk. IoMT devices can be potential entry points (or direct targets) for all of these types of attacks.

What are the similarities and differences between IoMT and IoT? How does IoMT compare to IoT?

The Internet of Things (IoT) has grown into a sprawling category that includes (at last count) over 7 billion devices  that range from smart refrigerators and connected thermostats to robotic factory equipment and smart vehicles. As IoMT is a subset of IoT, the two categories naturally have much in common.

Though many healthcare IoT (IoMT) devices are purely medical in nature, such as a robotic surgical assistant, for instance, many IoMT devices can also be considered part of the more general IoT category. For example, a smartwatch, that monitors pulse rate and blood oxygen — clearly IoMT functions — is also a general consumer device used for receiving text messages, providing navigational directions, and the like.

Over time, the lines separating IoT, IoMT and other subsets of IoT will continue to blur.

The Connected Healthcare Market

What is the market for IoMT?

The IoMT market is divided into two major groups: consumers and healthcare providers. The providers can be further subdivided into various subgroups that include physicians, laboratories, clinicians, and hospital management. Pharmaceutical companies and even retailers like drugstores can also be considered secondary members of the IoMT market.

Deloitte recently estimated  that the global IoMT market would be worth $158 billion in 2022, spread evenly among North America, Europe, and Asia-Pacific regions. South America and the Middle East/Africa regions will be smaller — but significant — participants in the market.

How are healthcare providers leveraging IoMT?

IoMT devices are transforming healthcare and patient care as we know it, and this trend shows no signs of slowing down. According to Deloitte, more than half a million different types of IoMT devices are already on the market. These new technologies aren’t just bringing patients and providers closer together, they’re making possible new types of treatments and improving consumers’ quality of life. 

IoMT devices and healthcare IoT are making it possible for providers to more quickly and accurately make diagnoses while improving their ability to monitor at-risk patients. In addition, IoMT and healthcare IoT are reducing the overall costs of providing service while expanding caregivers’ reach to patients who may not otherwise be accessible. And hospitals and clinics are using IoMT to operate healthcare IT systems more efficiently and cost effectively.

What is the current state of telehealth and telemedicine?

Telehealth and telemedicine are now booming, in part because the COVID-19 pandemic has accelerated trends that were already taking the industry in that direction. A recent McKinsey & Co. report estimated  that physicians are seeing up to 175 times more patients via remote telehealth systems than they were prior to the COVID-19 pandemic: In a single year, consumer usage of telehealth shifted dramatically from 11% adoption in 2019 to 76% in 2020. Before COVID-19, the telehealth industry was estimated to be a $3 billion market. Looking ahead, that market could soon grow to consume $250 billion of healthcare spending.

Meanwhile, regulators and insurers are becoming much more accepting of telehealth services. Medicare now pays the same rates  for telehealth visits as it does for in-person visits, and physicians and other healthcare professionals can even treat patients across state lines.

For the time being at least, telehealth has dramatically changed medical care as we know it.

What is the future of IoMT?

IoMT is a category in dramatic flux, and IoMT devices are poised to considerably alter the landscape of healthcare. Imagine a future where consumers can opt in to using wearable devices that track their vital signs 24/7, alerting healthcare providers if something goes wrong. Better yet, these devices may evolve to be predictive in nature, using AI and machine learning technologies to determine when slight changes in biological signals indicate the potential for a future problem. Over time, and as IoMT technologies become more advanced, physicians will be able to slowly shift focus from the prescriptive to the preventive, potentially allowing patients to live longer, healthier lives. Insurers may even lower premiums for consumers who opt in to real-time monitoring (thus keeping them out of doctor’s offices and hospitals).

IoMT devices in clinical and hospital settings — such as advanced diagnostic systems and robotic surgical assistants — will continue to advance their capabilities as well, so patients who do need in-person medical care will experience better diagnoses, quicker recoveries and higher survivability rates.

These benefits won’t come organically — to fully drive this market into the future, advances in computing power, wireless communications and component miniaturization will be required.

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What is the future of telehealth/telemedicine?

While COVID-19 has driven consumers and providers to telehealth technologies, McKinsey notes that this shift is not necessarily permanent. For telehealth to be solidified in a post-pandemic world, providers will have to make some significant changes. While improvements in technology and data interoperability will be required to make telehealth “stick,” it’s critical that providers embrace this new way of working as well.

But so far, consumers seem sold on telehealth and telemedicine, and now that everyone has video conference access to their healthcare providers, it’s unlikely they will rush to return to the doctor’s waiting room any time soon.

Splunk Everywhere! Healthcare


The Bottom Line: IoMT and telehealth are transforming healthcare

IoMT isn’t an elusive, hypothetical category that may or may not be realized in the future. IoMT technologies are already here, and they’re making a difference in the lives of millions, giving them better control over their health and improving communications with healthcare providers. Meanwhile, IoMT is also becoming a key technology for physicians and other providers, enabling them to make better diagnoses in less time — often without having to see patients in person. The financial benefits of IoMT are also considerable, with hundreds of billions of dollars in savings likely to be realized in the years to come.

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