Technology

Rising Use Of Wearable Technology Expected To Drive The Global IoT Healthcare Market Growth

Global IoT Healthcare Market was valued at around USD 5,800 million in 2014 and it is expected to reach USD 14,660 million by 2022 & is growing at a CAGR of 11.0% between 2017 and 2022

The rising infiltration of connected devices in numerous healthcare institutes and the implementation of IoT software solutions and systems within healthcare operational activities are a few major factors boosting the growth of the global IoT healthcare market. The internet of things (IoT) has several applications within the healthcare sector, from having medical device integration to remote monitoring and smart sensors. It has the likelihood to enhance the capability of the physicians to provide care together with keeping patients safe and healthy. Healthcare IoT applications improve patient engagement and fulfillment by enabling the patient to use more time interrelating with the doctors. For example, the devices like infusion pumps and vital signs monitors were once utilized as a standalone device that was connected to the isolated patients. At present, they are mostly tied to the health systems data networks so as to offer data.

Though the IoT in healthcare is not yet used extensively, there shall be a gigantic rise in the need for IoT in the healthcare sector in the years to come. This swift improvement of these technologies is credited to the dropping costs of the devices and decreasing the size of the parts by making it compact and user-friendly. Healthcare laboratories, pharmacies, and hospitals will utilize IoT for enhancing workflow optimization, medical device integration, and inventory management.

The increasing implementation of wearable technology, growing expenditure for installing digital technologies within healthcare organizations, and the advent of connected care are few other major factors driving the growth of the global IoT healthcare market. Furthermore, the rising elderly population together with the increasing incidence of chronic conditions is also projected to boost market growth. In addition, the rising inclination for real-time data screening among healthcare practitioners to deal with chronic diseases is projected to fuel the expansion of the global IoT healthcare market during the forecast period.

The blend of mobile platforms, analytics, and remote monitoring has reduced the readmissions rate of patients experiencing conditions such as diabetes, blood pressure, and congestive heart failure. Also, improvements in communication technologies, like real-time data transmission, have also influenced the patients positively in handling medication dosage and chronic diseases, further driving the market expansion.

To cite, a Bluetooth-supported coagulation system was launched by Roche in 2016 that enables the patients to monitor how speedily their blood clots. It is the foremost device of its type for anticoagulated patients, with self-evaluation proven to assist patients to remain within their therapeutic range and reduce the risk of bleeding or stroke. Being capable of transmitting results to physicians means fewer clinic visits. Also, the device enables the patients to include remarks to their results, flags the results with regard to the target range, and reminds them to test.

Get Research Report Sample PDF for more Insightshttps://www.zionmarketresearch.com/requestbrochure/iot-healthcare-market

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close