Internet of Things Market in the healthcare sector to grow by USD 161.6 billion from 2022 to 2027
Access to healthcare facilities in some countries is difficult, as most residents live away from hospitals. In addition, it is difficult for patients over the age of 60 to visit the hospital regularly. In this way, remote patient care by the Internet of Things will solve these types of problems.
Moreover, the main advantage of telemedicine is that it allows health professionals to access patients by means of sensors and remote equipment to help them with their prescriptions, obtain medication, or measure biometrics.
The medical devices segment is estimated to witness significant growth during the forecast period. Remote monitoring of healthcare and the provision of early convenient treatment and personalized care are now possible due to the development of IoT-enabled medical devices, allowing for their deployment by doctors.
These devices are placed in an individual's body so that specific information on physiology can be measured. In addition, the collection of data, analysis for research, and observation of electronic medical records made available by medical devices is one of the main applications of the IoT. Hence, these factors are expected to drive segment growth during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period. The US is the major contributor to the market in the region. This is due to high healthcare expenditure and the adoption of advanced technologies.
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