Internet of Things (Iot) Healthcare Market Is Expected to Reach $136.8 Billion, Worldwide, by 2021

According to a new report published by Allied Market Research titled, "World Internet of Things (IoT) Healthcare Market - Opportunities and Forecasts, 2014-2021", the world internet of things (IoT) healthcare market is expected to reach $136.8 billion by 2021, registering a CAGR of 12.5% between 2015 and 2021. Services and system & software segments collectively occupies a dominant share in the world IoT healthcare market and is expected to drive the growth over the forecast period. Patient monitoring application segment is expected to maintain its lead position with $72.7 billion by 2021.

The world IoT in healthcare market is anticipated to grow at a significant pace, owing to easy availability of wearable smart devices, increasing need for stringent regulations and decreasing cost of sensor technology. Furthermore, launch of technological advanced devices (smart shirts, smart lenses, smart bands and others) & analytics software, rising incidence rates of chronic diseases, surging demand for cost-effective treatment & disease management, better accessibility of high speed internet and implementation of favorable government regulatory policies, are also expected to fuel the growth of this market. Improvement in healthcare infrastructure in developing economies, increase in government support, high R&D investments by major players for developing better IoT infrastructure are expected to offer potential growth opportunities to the market. However, factors such as high costs associated with IoT infrastructure development, data privacy and security concerns, lack of awareness in developing economies and limited technical expertise are projected to restrain the market growth.

To view the report, visit the website at: https://www.alliedmarketresearch.com/internet-of-things-healthcare-market

Services segment contributed for more than half of the market share in the overall IoT healthcare market in 2015. The segment covers architecture services for integration,...