IoT in Healthcare Market - Global Industry Size, Share, Trends, Opportunities and Forecast, 2017-2027 and Major Players (Medtronic, Inc., Koninklijke Philips N.V., General Electric Company, IBM others)
According to TechSci Research, Global IoT in healthcare market is expected to witness a growth of double-digit CAGR for the forecast period, 2023-2027. The rise in the investments by the market players for implementing digitization in the healthcare facilities to enhance the connectivity between the patients and healthcare professionals is driving the demand for the IoT in healthcare market. The growing awareness among the patients regarding the benefits of wearable medical devices and the surge in the per capita income of the consumers is expected to fuel the growth of the market for the next five years. Real-time monitoring and analysis of patients to provide them with quality treatment services by constant data generation about the current status of patients are contributing significantly to the IoT in healthcare market growth for the next five years. The adoption of a sedentary lifestyle and unhealthy eating habits such as junk food and high sugar-containing edible item...