Iot in Healthcare Market Size Is Expected to Reach Nearly Usd 410 Billion by 2022: Grand View Research, Inc

Global IoT in healthcare market is expected to reach nearly USD 410 billion by

2022 according to a new report by Grand View Research Inc. The introduction of

technologically advanced connected medical devices, penetration of smart phones,

and use of software automation, to enable faster patient testing, and provide better

accuracy, ease of usage, and portability are expected to serve the Internet of Things

in healthcare market as high-impact rendering drivers over the forecast period.

Increasing prevalence of chronic diseases such as heart failure, obesity, diabetes

and hypertension are boosting the demand for technologically advanced medical

devices. The new generation connected medical devices enable real-time patient

monitoring and help the medical professionals to swiftly respond to the patient

needs. For instance, the vital sign monitors, activity monitors, safety monitors and

medication monitors are routinely used for patent monitoring and medication

management.

The growing geriatric population, and the high unmet medical needs for home

healthcare and long term healthcare services are driving the growth of telemedicine

and remote patient monitoring and these factors are expected to positively

reinforce theIoT in Healthcare market over the forecast period.

Full research report on Internet of Things in Healthcare Market analysis:

http://www.grandviewresearch.com/industry-analysis/internet-of-things-iothealthcare-market

According to the data published by the U.S. based Family Caregiver Alliance

(FCA) in 2015, nearly 63% of the population availing long term healthcare

services are people aged above 65 years. This population is expected to drive the

demand for technology enabled healthcare services.

The healthcare practitioners are increasingly using technology platforms to serve

the growing hospital and patient needs. Moreover, various routine activities such as

patient data recording, data storage and data analysis have been...