Published on 12/10/2018 | Market Sizing
[152 Pages Report] The overall IoT healthcare market is estimated to grow from USD 41.22 billion in 2017 to USD 158.07 billion by 2022, at a CAGR of 30.8% between 2017 and 2022. Major growth drivers of the market are evolution of artificial intelligence technology, rise in investment for healthcare IoT solutions and the increasing penetration of connected devices in healthcare. The demand for IoT based medical devices play an important role in data gathering, facilitating communication between various devices, and tracking various activities.
Changing market requirements and customer needs have brought a shift in the purpose and usage of the medical devices. Declining cost of sensors and microprocessors has further fueled the adoption of connected devices in the IoT healthcare market. Medical device manufacturing companies seek new ways to offer profitability and innovation to their customers, where a major focus is on customer satisfaction. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
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