Skip to main content

The Internet of Things will Improve Medical Lab Tests

​As the worldwide market for the Internet of Things (IoT) evolves, specific use-cases are emerging at an accelerated rate. Case in point: hospital laboratories are the smallest share of laboratory locations yet its diagnostic test equipment run more tests than any other medical testing facility provider.

Connectivity to lab equipment -- and the services enabled by that connectivity -- will increase total global laboratory test throughput to over 3.02 billion more diagnostic tests over the next 5 years.

The medical testing laboratory market consists of hospitals, independent labs, physician offices, and other healthcare-related lab environments.

According to the latest market study by ABI Research, the benefits of increased lab efficiency cannot be understated -- the diagnostic tests from these labs influence 70 percent of medical decisions ranging from treatment choices to hospital discharge decisions to early detection and prevention of chronic disease.

"We have a small handful of high-volume hospital and independent labs performing the vast majority of these diagnostic tests, and it is crucial that these labs in particular utilize all available technology to maximize equipment up-time," said Ryan Harbison, research analyst at ABI Research.

According to the ABI assessment, high- and medium-volume laboratories can now use Internet of Things services to automate testing processes and to remotely monitor equipment.

Another driving factor towards this increase in connected laboratory equipment -- particularly within developed markets around the globe -- is and will continue to be a shortage of laboratory technologists in the labor force.

As a result, laboratory technologists will handle greater and greater test workloads.Those laboratories that do not utilize IoT services will soon start adopting them so that technologists can focus on performing additional tests and not on equipment troubleshooting or maintenance.

"Any downtime in these machines creates a substantial backlog and logistical headache for laboratories both large and small," adds Harbison.

By utilizing the full breadth of these IoT services, forward-looking labs have the ability to use real-time equipment data to streamline their operations and increase overall efficiency, so they can continue focusing on producing the test results that enable informed medical diagnosis.

Popular posts from this blog

How a Digital-First CEO Leads Transformation

Some leaders reject the notion that "wait and see" is the best response to disruptive change. Savvy senior executives are already driving digital business transformation throughout their organization in an effort to gain a bold strategic advantage. According to the latest market study by International Data Corp (IDC), Digital-First CEOs plan to drive at least half of their income from digital business products, services, and experiences by 2027 -- that's ahead of the market average of 39 percent. Driven by their response to the COVID-19 pandemic, these business leaders have changed how they think about the relationship between business and technology, and how they approach the next digital transformation era -- from scaling digital technology to guiding a viable digital business. Digital Business Market Development IDC defines digital business as value creation based on technology, which entails: 1) Automated customer-facing processes and internal operations; 2) Provision

Digital Solutions for Industrial & Manufacturing Firms

Executive leaders of fast-moving consumer goods (FMCG) are seeking guidance on how to apply new business technology in their manufacturing operations. CIOs and CTOs are tasked with gaining insight into the best solutions for digital transformation. ABI Research evaluated the impact politics, regulation, the economy, supply chain, ESG, and technology are having on FMCG, pharma, producers of steel, chemicals, pulp and paper -- as well as the mining and oil & gas sectors. Digital Transformation Market Development "Our assessment found that the FMCG sector is under pressure from all sides," says Michael Larner, industrial & manufacturing research director at ABI Research . Securing raw materials is challenging considering lockdowns in China and limited grain supplies from Ukraine. Supply shocks are raising input costs, and operating costs are rising with higher energy costs coupled with the pressure to pay higher wages and work sustainably. "We all hoped that with th

Retail Transformation Gains New Momentum

Forward-thinking retailers now have a bright future. In contrast, those that failed to enhance their business model via digital transformation have struggled, declined, and their assets were eventually liquidated. The key difference between these two business outcomes is applied strategic foresight. Even as the world continues to emerge from a global pandemic, retail is growing at levels not seen in the last two decades. Retail sales grew by 7 percent in 2020 and by over 14 percent in 2021, which is in stark contrast to the 3.7 percent annual growth between 2010 and 2019. The increased demand for retail has put a strain on supply chains and retail operations worldwide. As a result, retailers and stakeholders are turning to automation solutions such as mobile robotics for operational ease. Retail Transformation Market Development According to the latest market study by ABI Research, worldwide commercial robot revenue in retail stores will have a Compounded Annual Growth Rate (CAGR) of o