Absolute Markets Insights proclaims a new addition of an informative report titled as, IoT in Healthcare Market. This statistical report sheds light on the current market scenario in order to understand the different stages of business renewal. It highlights past profit records and future growth projections for the coming year. This informative study is expected to help new entrants as well as existing key players.
The companies are introducing other business strategies, such as mergers, new product releases, acquisitions, and alliances that will help them improve their market position. The primary market participants include Apple Inc., Cisco Systems Inc., GE Healthcare Ltd., Google (Alphabet), International Business Machines Corporation, Medtronic PLC, Microsoft Corporation, Qualcomm Life Inc., Proteus Digital Health, Koninklijke Philips N.V., and St. Jude Medical Inc.
Global IoT in Healthcare Market was valued at US$ 52.33 billion in 2020 and is expected to reach US$ 203.59 billion by 2030, growing at an estimated CAGR of 16.3% over the forecast period (2021-2030).
View Full Report Link: https://www.absolutemarketsinsights.com/reports/IoT-Healthcare-Market-2019-2027-41
The Internet of Thing (IoT) technology has the ability to revolutionize the conventional paper-based healthcare system by simplifying access to patient data in real-time and remote monitoring in healthcare sector. IoT enables devices and operating machines to interconnect and exchange data over the Internet. The advent of this new healthcare technology highlighted the imminent need for advanced diagnostics and tailored therapeutic instruments. IoT supports the healthcare sector to automate patient user experience, connect mobility solutions and provide healthcare facilities. IoT in healthcare enables patients for the active concentration of their own health and wellbeing by keeping track of themselves and also saving time and money spent on doctor’s visits. Hence, IoT has also improved patient satisfaction and involvement as it has become a much more relaxed and productive way to communicate with doctors.
The use of IoT for data collection and workflow automation is an amazing way of reducing waste (such as unnecessary testing and costly imaging), reducing system costs and minimizing errors (especially those related to human factor). Continual innovations in healthcare technologies coupled with the latest connectivity solutions help in an upsurge of IoT in healthcare. IoT has unquestionably changed the healthcare sector and is of great benefit to physicians, nurses, families, clinics and even insurance companies. All these factors are collectively contributing to the growth of IoT in Healthcare Market.
IoT in Healthcare Market:
By Component
- Medical Device
- Systems & Software
- Services
- Connectivity Technology
By Application
- Telemedicine
- Connected Imaging
- Inpatient Monitoring
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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