Internet of Medical Things Market to Reach US$ 284.5 Billion by 2027

The use of networking technologies for connecting medical equipment and applications with the healthcare information technology system is known as the internet of medical things.  

Devices such as smart wearables, portable smart monitors, and other health status checking smart devices are the key factors of the IoMT.

In a study, it was found that as of 2018, near about 27% of healthcare organizations are thinking of implementing IoT while around 60% of healthcare enterprises have already implemented it.

The benefits of IoMT include improved disease management, improved patient's outcome, betterment in diagnosis and treatment, improved management of medical records and pharmaceuticals, etc.

Furthermore, a rise in connected medical devices and the emergence of new technologies is resulting in the growth of the market. In a study, it was revealed that there are around 50,000 medical technologies are available as of 2020.      

Also, it is estimated that the internet of medical things technology would save around US$ 300 billion expense annually in the healthcare sectors that are too through improved medication adherence and remote patient monitoring.