Happy and healthy days are here again thanks to Internet of Things (IoT). Come smart home, you will find a virtual doctor around monitoring your health status 24×7, but without intruding into your personal life.
Right from checking the refrigerator stock for balanced diet to analyzing the urine/stool samples, the smart devices in your home can guide you the diet you should follow and alert you any indications of illness.
Smart refrigerators can analyze whether the stored items are ideal for you and your family. Based on the consumption, for example, how frequently a child intakes aerated drinks, it can suggest better diet alternatives. If there is shortage of items, it can even make orders from e-commerce stores and get the product delivered instantly.
Patients under prescription medicine can be monitored for their regular intake of medicines. The smart technology in the medicine cabinet could also alert in case they miss the course or repeat it by mistake. Like in the case of refrigerator, it can be integrated with e-commerce app for buying the required medicines whenever the need arises.
Smart toilets of the future will have sensors that can scan the stool and urine to detect potential illnesses. The health monitoring toilet will also find other applications including disinfecting and eliminating bad odors. At present smart sensors are attached to the flush chiefly to monitor cleanliness and water consumption.
A similar healthcare application is skin monitoring wherein a device analyzes the skin to detect health conditions like allergies, nutritional deficiencies or other serious illnesses.
Panasonic has reportedly launched a skin monitoring mirror that can tell about the user’s health or suggest which product suits their skin the most. Another similar product which is already in the market is HiMirror that harnesses big data to suggest the beauty and healthy tips to users.
Several healthcare applications can be developed by integrating intelligent solutions in smart devices. Amazon, for example, has been trialing hundreds of applications with its virtual assistant Alexa. It can not only track physiological parameters but also detect and manage mental conditions including depression, autism, Parkinson’s disease and more.
Recently, Amazon has also been selected to develop HIPAA-compliant healthcare skills for Alexa. This is a significant step for Amazon, as it means voice app developers who follow HIPAA guidelines can now create skills for Alexa.
With Alexa, Amazon eyes big in the smart home and healthcare segment. The technology giant has already partnered with several companies to deliver advanced healthcare management solutions to hospitals, businesses and home users.
With its 100 million smart devices already in use worldwide capable of delivering health information and even treatment to individuals, Amazon is set to grab the biggest pie in smart healthcare industry in the coming years.
Thanks to the growing momentum around health monitoring applications, medical IoT sensor market is set to display a CAGR of +12 percent over period 2019-2025. Some of the leading players in this segment include GE, Siemens, Texas Instruments, TE Connectivity and STMicroelectronics.
TE Connectivity, for example, has developed solutions for a series of healthcare applications including heart/lungs monitoring and dialysis. For home monitoring, they provide solutions fitted with various types of sensors including pressure sensors, ultrasonic sensors, temperature sensors, photo optic sensors and more.
Vivint offers a monitored smart home security system with a touchscreen SkyControl panel. The system is compatible with Amazon’s Alexa, Google Home and Nest thermostats.
With smart home market expected to grow at a CAGR of 12.02 percent to $151.4 billion by 2024, and healthcare segment being one of the top contributors, a windfall is waiting for tech companies and associated businesses. While North America is currently leading the momentum, APAC region is expected to witness significant growth in the sector.
The latest IDC report said Asia Pacific region will be the global leader for Internet of Things (IoT) spending in 2019 with around 35.7 percent of the global spend, followed by United States of America and Western Europe with 27.3 percent and 21.2 percent of the IoT spend in 2019 respectively.
“Willingness towards the implementation of 5G infrastructure will help to accelerate IoT growth of applications that will benefit from low-latency and more bandwidth such as video-centric applications,” Ashutosh Bisht, senior research manager at IDC Asia Pacific, said.
China is the top IoT spender in the Asia Pacific region with $168.6 billion accounted for the year 2019. South Korea will be spending $26.2 billion on IoT this year. India’s spending on IoT will be reaching $20.6 billion in 2019.