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Learn details of the global IoT in healthcare market is expected to grow to $9.42 billion by 2022, at an estimated CAGR of 14.9%

The overall healthcare market is enormous, representing many opportunities for operational efficiencies as well as new product and service innovations. The Internet of Things (IoT) enables cost savings as well as new revenue opportunities, customer satisfaction, and even life-saving solutions.

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However, the use of IoT technologies such as sensors and machine-to-machine communications is not enough. Next generation healthcare solutions are dependent upon a variety of supporting technologies including wide area network communications as well as local area and personal area network systems working in concert with one another.

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The global internet of things (IoT) healthcare market is expected to register considerable growth during the forecast period, attributed to technological advancements, rising incidence rates of chronic diseases, growing demand for cost-effective treatment and disease management, better accessibility of high-speed internet, implementation of favorable government regulatory policies, and collaboration of top IT companies with healthcare majors. Furthermore, the availability of customer-friendly devices, increase in need for stringent regulations, and decrease in price of sensor technology are some factors that are also expected to fuel the growth of the IoT healthcare market size.

However, factors such as high costs associated with IoT infrastructure development, data privacy and security issues, lack of awareness among public in developing regions, and limited technical knowledge are likely to impede the market growth. Various factors, such as improvement in healthcare infrastructure in developing countries, government initiatives to support IoT platform, and high research and development spending, are expected to boost the growth of the market.

Many healthcare solutions are emerging that have material benefits with immediate positive impact including remote patient monitoring, self-monitoring, intelligent and autonomous early health warning, and more. The common glue that binds together all of these solutions is IoT infrastructure, platforms, and applications.

Additional value-added capabilities are rendered via artificial intelligence and predictive data analytics. Leading companies are developing solutions that leverage convergent technologies for optimal solutions.

Companies in Report:

3rings

Abbott Laboratories

AdhereTech Inc.

Aerocrine AB

Aira Tech

AliveCor

Apple Inc.

Atlas

Augmedix

Awarepoint

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