Global IoT Healthcare Market is Expected to Boom Worldwide by 2027

IoT Healthcare Market is projected to grow at a CAGR of 22.3% during the forecasting period 2021-2027. The internet of things (IoT) is a network of physical devices that uses networking to allow data to flow between them. IoT is also used in the healthcare sector for data collection, review, and tracking of electronic health records that contain personally identifiable information, confidential health information, and other machine-generated healthcare data.

Furthermore, IoT technologies in healthcare help with critical tasks like optimizing patient quality and relieving some of the pressure from healthcare providers. Remote monitoring in the healthcare sector is now possible thanks to Internet of Things (IoT)-enabled devices, which have the ability to keep patients safe and secure while also inspiring physicians to provide superior treatment.

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Key Driving Factors: Increased demand for wearable devices as a result of the COVID-19 outbreak

The COVID-19 epidemic has increased demand for wearable devices that monitor health and fitness data, as well as location and can be combined with other devices such as laptops and smartphones. Due to the fear of COVID-19, the adoption of health and fitness would accelerate, resulting in increased sales of in-stock wearables for real-time health tracking and increased demand for growth of healthcare IoT technology.

This report offers the major market player’s profiles, such as Agamatrix, Armis, Bosch, Capsule Technologies, Comarch SA, Cisco Systems Inc., GE Healthcare, HQ Software, Oracle, Softweb Solutions

Opportunities: Government programmes to promote digital health are an opportunity.

Several countries' governments have introduced programmes to encourage digital health. These programmes range from large investments in infrastructure and digital health promotion to hosting conferences, inviting investors and top industry players, reforming the healthcare system, and enacting legislation mandating the use of HER (electronic health records) using advanced technology.

By Application:
During the forecast period, the inpatient monitoring segment is expected to grow at the fastest pace. Inpatient monitoring is a method of constantly assessing a patient's physiological processes in order to make management decisions and therapeutic measures. It offers a variety of monitoring systems for collecting physiological data, which is then analysed and stored through gateways and clouds.

The IoT Healthcare market report has been categorized as below

IoT in Healthcare Market, By Component
• Medical Devices
• Systems & Softwares
• Services
• Connectivity Technology

IoT in Healthcare Market, By Application
• Telemedicine
• Store and forward Telemedicine
• Remote Patient Monitoring
• Interactive Medicine
• Clinical Operations & Workflow Management
• Connected Imaging
• Inpatient Monitoring
• Medication Management
• Others

IoT in Healthcare Market, By End Users
• Hospitals and Clinics
• Surgical Centers
• Clinical Research Organizations
• Government and Defense Institutions
• Research & Diagnostic Laboratories

IoT in Healthcare Market, By Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Rest of World

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