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

Industrial and Manufacturing Technology Growth

In an evolving era of rapid advancement, market demand for innovative technology in the industrial and manufacturing sectors is skyrocketing. Leaders are recognizing the immense potential of digital transformation and are driving initiatives to integrate technologies into their business operations.  These initiatives aim to enhance efficiency, reduce costs, and ultimately drive growth and competitiveness in an increasingly digital business upward trajectory. The industrial and manufacturing sectors have been the backbone of the Global Networked Economy, contributing $16 trillion in value in 2021. Industrial and Manufacturing Tech Market Development   This growth represents a 20 percent increase from 2020, highlighting the resilience and adaptability of these sectors in the face of unprecedented challenges, according to the latest worldwide market study by ABI Research . The five largest manufacturing verticals -- automotive, computer and electronic, primary metal, food, and machinery -

Rise of AI-Enabled Smart Traffic Management

The demand for smart traffic management systems has grown due to rising urban populations and increasing vehicle ownership. With more people and cars concentrated in cities, problems like traffic congestion, air pollution, and greenhouse gas emissions are pressing issues. Since the early 2000s, government leaders have been exploring ways to leverage advances in IoT connectivity, sensors, artificial intelligence (AI), and data analytics to address these transportation challenges. The concept of a Smart City emerged in the 2010s, with smart mobility and intelligent traffic management as key components.  Smart Traffic Management Market Development Concerns about continued climate change, as well as cost savings from improved traffic flow, have further motivated local government investment in these advanced systems. According to the latest worldwide market study by Juniper Research, they found that by 2028, smart traffic management investment will be up by 75 percent from a 2023 figure of

How Generative AI Will Reshape the Economy

The Global Networked Economy -- a term synonymous with the interconnectedness of businesses, individuals, and governments worldwide -- has undergone a remarkable transformation in 2023. Fueled by the rapid growth of digital technologies and the global internet, this phenomenon has given rise to a worldwide marketplace that has already revolutionized the way we live, work, and play. The impact of Generative Artificial Intelligence (GenAI) in 2024 will be equally disruptive to many traditional business leaders. GenAI will also create huge opportunities for the fearless pioneers. Global Networked Economy Market Development The Global Networked Economy's evolution traces back to the advent of the Public Internet. The introduction of eCommerce, social media, and cloud computing has been instrumental in reshaping how businesses operate and engage with their customers. This interconnected ecosystem empowers savvy leaders to access new markets, trim operational costs, enhance commercial e