IoT in Healthcare Market is Projected to Grow USD 206,236.12 Million by the end 2025

It is estimated that the global IoT in healthcare market will rise from USD 51,236.13 million in 2018 to USD 206,236.12 million by the end of 2025 at a compound annual growth rate of 22.01 per cent.

Due to the increasing prevalence of chronic disorders such as diabetes, cardiovascular diseases, asthma, and cancer, hospitals have been burdened with increasing numbers of patients over time.

With an increasing number of patients being treated, the amount of patient information produced is rising. IoT technology aims to integrate all medical devices seamlessly with hospital information systems, thus improving the organizational and clinical workflow within and outside healthcare organizations. This technological advance and rising geriatric population combined with the increasing prevalence of chronic conditions is expected to have a positive impact on the expansion of the market.