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IoT Medical Devices Market - Trends Forecast Till 2028
Posted By delvens123 500 days ago on Health
The global IoMT market was worth USD 48.2 billion in 2019; it is expected to reach USD 466.71 billion by 2028, at a compound annual growth rate of 28.7%. The IoMT market consists of smart devices, such as wearables and medical/vital monitors, strictly for health care use on the body, in the home, or in community, clinic or hospital settings; and associated real-time location, telehealth and other services. It has been estimated that 6 out of 10 healthcare organizations are already adopting IoT through patient monitors (65%) and X-ray/imaging devices (40%) among the main devices connected to the network. The medical devices are equipped with Wi-Fi to allow machine-to-machine communication. Factors such as a rise in government initiatives for promoting digital health and the growing need for cost-containment in healthcare delivery are some of the major drivers for the IoT medical devices market
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