Global smart hospitals market to surpass $103bn by 2027

smart medicine

Companies are focusing on launching new applications in order to establish smart hospitals through artificial intelligence which is expected to drive the growth of the global market. The global smart hospitals market is forecast to exceed $103.6bn by end of 2027, a new research study finds. According to Coherent Market Insight’s (CMI) analysis, this will demonstrate a compound annual growth rate (CAGR) of 19.6 per cent during the forecast period of 2020 through to 2027. Constant patient monitoring Increasing prevalence of Covid-19 cases has created demand for constant patient monitoring…

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AI thermal imager detects elevated body temperature

ThermoRebellion thermal cameras with AI

As individuals pass in front of a high-resolution, thermal imaging camera, their skin temperature is automatically detected and this can alert a person with an elevated temperature to seek additional screening. Honeywell has announced it is trialling a temperature monitoring solution that uses infrared imaging technology and artificial intelligence (AI) to conduct non-invasive, preliminary screening of personnel entering a facility. The ThermoRebellion system uses thermal cameras and AI to detect elevated facial temperature and can also verify if an individual is wearing suitable personal protective equipment. It is one of…

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How the Internet of Things improves financial investments

IoT Finance

Can smart technology lead to smart investing? There is ample evidence that this is the case, says Marc Weisberg, managing principal for Soho Investment Partners, given the prominence and proliferation of the Internet of Things (IoT) over the past few years. While there were 15 billion connected devices in 2015, one estimate is that there could be as many as 20 billion by 2020. Sales of IoT devices, meanwhile, rose from $18 billion (€16 billion) in 2009 to $1.1 trillion (€0.97 trillion) by 2017. That figure will likely reach $1.7…

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Connected healthcare may violate user privacy, warns Forbrukerradet

The Norwegian Consumer Council Forbrukerradet reveals findings that many healthcare IoT devices are plagued by weak security. Connected healthcare devices have a poor track record when it comes to security, according to the Norwegian Consumer Council, known locally as Forbrukerradet. The Scandinavian watchdog tested a number of app-connected blood pressure gauges and blood glucose-monitoring devices and found they fell short of properly protecting the privacy and consumer rights of users. During the course of their investigation, researchers working on behalf of Forbrukerradet identified a number of faults with devices and…

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10 examples of the Internet of Things in healthcare

The next decade may well see a revolution in treatment and diagnosis of disease, as the Internet of Things (IoT) is brought to bear on medicine. Here are 10 examples of IoT in healthcare. 1. OpenAPS – closed-loop insulin delivery One of the most fascinating areas in IoT medicine is the open source initiative OpenAPS, which stands for open artificial pancreas system. Dana Lewis and her husband Scott Leibrand have hacked Dana’s CGM (continuous glucose monitor) and her insulin pump. Using the data feed from the CGM and a Raspberry…

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Majority of healthcare orgs will use Internet of Things tech by 2019, study says

The majority of healthcare organizations will adopt Internet of Things technology by 2019, according to a study from networking provider Aruba, a Hewlett Packard Enterprise company. Currently, 60 percent of healthcare organizations worldwide have introduced IoT into their facilities, which will increase to 87 percent by 2019, the study found. The healthcare industry is the third most advanced in IoT implementation. According to the Aruba report, 73 percent of organizations use IoT for monitoring and maintenance, which was ranked as the number one IoT use by 42 percent of executives…

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Rosalind Franklin University Supported By SmartHealth Activator ​ ​To Develop $50 Million Biotech Park

(North Chicago, Illinois) The President and CEO of Rosalind Franklin University of Medicine and Science, K. Michael Welch, MB ChB FRCP, announced today that the University’s Board of Trustees had approved plans for the development of the first phase of the Rosalind Franklin Innovation and Research Park on its campus in North Chicago, Illinois which will require a $50 million investment. The university’s Board of Trustees on Thursday approved the first phase of development for the science park, which includes the construction, under a public/private partnership, of a four-story, 100,000…

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Patient Handling Activity Recognition Through Pressure-Map Manifold Learning Using a Footwear Sensor

The risk of overexertion injury caused by patient handling and movement activities causes chronic pain and other physical and social impairments among the nursing force. The accurate recognition of patient handling activities (PHA) is the first step to reduce injury risk for caregivers. The current practice on workplace activity recognition is neither accurate nor convenient to perform. In this paper, we propose a novel solution comprising a smart footwear device and an action manifold learning framework to address the challenge. The wearable device, called Smart Insole, is equipped with a…

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UK start-up Babylon raises $60m for AI-based doctor app

UK start-up Babylon, which specializes in remote health applications, has doubled its valuation in its latest funding round, raising $60 million. The funding brings the company’s valuation to more than $200 million since its previous funding round, which took place in January 2016. Babylon will use the money to build its artificial intelligence (AI) healthcare platform, which aims to help patients to diagnose their ailments via a smartphone. The company’s Series A funding round, led by Swedish investment group, AB Kinnevik, raised $25 million. The founders of DeepMind, the AI…

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New robotic drill performs skull surgery 50 times faster

A robotic drill could perform your future surgery — way, way faster than usual. Researchers from the University of Utah have created an automated machine that can do a complicated cranial surgery 50 times faster than standard procedures. The team’s approach reduces the surgery time from two hours with a hand drill to two-and-a-half minutes. This specific surgery detailed in the paper — which was published Monday in the journal “Neurosurgical Focus” — is typically used to remove noncancerous tumors in patients with significant hearing loss. But the researchers say…

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The medical field is ripe for automation

As a neonatologist, I worry about patients with pulmonary hypertension. This unforgiving disease, sometimes seen after premature birth, can end with sudden death from constricting blood vessels in the lungs. One minute a baby in the neonatal ICU may be sleeping comfortably; moments later, doctors and nurses are giving chest compressions and rescue medications. A pulmonary hypertension crisis, as these frightening episodes are called, starts with a drop in the blood oxygen level. That drop triggers a monitor to beep. It’s up to the nurse to hear the sound, come…

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#OpenAPS is bearing big fruit, part 1: Dana Lewis’s speech at O’Reilly’s OSCON

For some reason we haven’t written much about this here – our only post is from SPM Past President Nick Dawson 15 months ago – but this is such a big deal. Here’s an 11 minute introductory video on this – I won’t say more, I’ll just ask you to click and watch this. The speaker is @DanaMLewis, who lives with Type 1 diabetes, and has hacked into her CGM (continuous glucose monitor) and her insulin pump and grabbed the data feeds in the devices. Then, using a $35 computer…

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Design Challenges Faced by Today’s IoT Medical Devices

The internet of things (IoT) is great for helping us remember to turn on the lights, lock the doors, or fire up the air conditioner before we get home, but what’s truly exciting about IoT is its ability to help keep people healthy and even save lives. With a new breed of connected medical devices that make personal healthcare easy and reliable, the potential in this space is tremendous and we are just starting to see some of the results of what is possible. One area already reaping the benefits…

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Smart manufacturing must embrace big data

IOT NETWORK NEWS

Study and model industrial processes to save money, energy and materials, urges Andrew Kusiak. Manufacturing is getting smart. Companies are increasingly using sensors and wireless technologies to capture data at all stages of a product’s life. These range from material properties and the temperatures and vibrations of equipment to the logistics of supply chains and customer details. Truck engines beam back data on speed, fuel consumption and oil temperature to manufacturers and fleet operators. Optical scanners are used to spot defects in printed electronics circuits. But big data is a…

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Internet of Things in healthcare: What’s next for IoT technology in the health sector

IOT NETWORK NEWS

Internet of Things technology holds the potential to revolutionise the healthcare industry, but not before overcoming barriers of security and data ownership. Internet of Things (IoT) refers to any physical object embedded with technology capable of exchanging data and is pegged to create a more efficient healthcare system in terms of time, energy and cost. One area where the technology could prove transformative is in healthcare – with analysts at MarketResearch.com claiming the sector will be worth $117 million by 2020. By embedding IoT-enabled devices in medical equipment, healthcare professionals…

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