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The Rise of Digital Application in Healthcare

Published: 8.12.2023

The Internet of Medical Things (IoMT) is a rapidly growing field that is transforming the healthcare industry. IoMT devices connect medical equipment, sensors, and other devices to the internet, allowing for real-time data collection and analysis. This data can be used to improve patient care, track chronic conditions, and develop new treatments.

The COVID-19 pandemic has accelerated the adoption of IoMT technologies. Zero-contact health monitoring devices and online consultations have become essential for providing care to patients during the pandemic. As a result, the semiconductor market for IoMT devices is expected to grow rapidly in the coming years.

Semiconductors are the essential building blocks of IoMT devices. They are used to power the devices, process data, and connect them to the internet. The demand for semiconductors in the IoMT market is expected to grow significantly in the coming years.

There are several factors driving the growth of the semiconductor market for IoMT devices. First, the increasing number of connected medical devices is driving demand for semiconductors. Second, the growing use of AI and machine learning in healthcare is increasing the need for high-performance semiconductors. Third, the rising demand for remote patient monitoring and telemedicine is driving demand for low-power, long-range semiconductors.

The semiconductor market for IoMT devices is expected to grow at a CAGR of 25% from 2022 to 2028. This growth will be driven by the increasing adoption of IoMT devices in the healthcare industry. The market is expected to be dominated by memory chips, processors, and sensors.

"The rise of the IoMT ecosystem signifies a shift of numerous medical items from mechanical to electronic or digital formats. Take, for instance, the previous reliance on a mercury sphygmomanometer for blood pressure measurements, which has now evolved to electronic measurement. Even doctors' stethoscopes and otoscopes have transformed into interconnected electronic tools." said Martin Lin, Head of Marketing Division, Macronix International Co. Ltd.

The rise of IoMT is a major opportunity for the semiconductor industry. Semiconductor companies that can develop innovative IoMT solutions are well-positioned to capitalize on this growing market.

Here are some specific examples of how semiconductors are being used in IoMT devices:

Memory chips: Memory chips are used to store data collected by IoMT devices. This data can be used to track patient vital signs, monitor chronic conditions, and develop new treatments.

Processors: Processors are used to process data collected by IoMT devices. This data can be used to make real-time decisions about patient care, such as whether to administer medication or alert a doctor.

Sensors: Sensors are used to collect data from the environment and the patient's body. This data can be used to track patient activity, monitor vital signs, and detect diseases.

The semiconductor industry is playing a vital role in the development of IoMT devices. Semiconductor companies are developing innovative solutions that are making IoMT devices more affordable, powerful, and efficient. As the IoMT market continues to grow, the semiconductor industry will continue to be a major beneficiary.

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