MedTech companies play an integral part in most patient treatments, with digital disruption transforming the industry into a more connected, efficient, agile, and customer-centric ecosystem. Connected medical devices generate, collate, analyse and transmit substantial amounts of health data, which is then integrated into electronic health records (EHRs) via cloud computing and AI technologies, enabling more effective diagnosis, monitoring, and treatment. Advances in wireless technology, connectivity, miniaturisation and computing power are a ‘force multiplier’ in unlocking the potential of emerging medical technologies as part of the Internet of Medical Things (IoMT). MedTech companies increasingly focus on personalised and preventative therapies, leading the shift towards value-based healthcare.
There are several cross-cutting constraints that could affect the prediction (not having the right skills and talent, funding models, approach to regulation, and data governance in place). The prediction can be realised by turning the constraints into enablers by:
The "Life Sciences and Healthcare Predictions 2030" perspective, aligned with Australia’s National Digital Health Strategy, underscores the transformative potential of the Internet of Medical Things (IoMT) for Australia's healthcare landscape.
The Strategy's focus on safe, seamless, and secure digital health services complements IoMT advancements, driving connected care and empowering both patients and healthcare providers. By 2030, the integration of wearables, smart implants, and AI-driven diagnostics will revolutionise healthcare delivery, particularly in remote and rural Australia. Enhanced interoperability of health data, a strategic priority, will ensure IoMT-generated insights integrate seamlessly with systems like My Health Record, providing a unified, real-time view of patient health data.
The IoMT’s focus on preventive and predictive care aligns with Australia's goals to reduce avoidable hospitalisations, adverse drug events, and duplication of tests. For Australia’s dispersed population, digitally enabled care models, including telehealth and remote monitoring, will expand access to high-quality services. Such innovations address key challenges outlined in the National Strategy, including improving health equity for Aboriginal, Torres Strait Islander, and rural communities.
With strong investment in cybersecurity, interoperability, and workforce digital skills, Australia can leverage IoMT to support value-based care. This convergence of IoMT and national initiatives ensures a cost-effective, patient-centric, and sustainable health system that meets the evolving needs of Australians.
Our predictions series for the life sciences and healthcare industry looks ahead to the year 2030 to help you see what’s coming and to keep your organisation moving forward.
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