LONDON, Oct. 25, 2022 (GLOBE NEWSWIRE) — Loud The Business Research Company’s research report on the Internet of Things (IoT) in healthcare marketIncreasing adoption of smart devices and wearables in healthcare is expected to drive the growth of Internet of Things (IoT) in healthcare market in the future. A smart device is an electronic device or connected device that can connect, share, and communicate with its owner and other smart devices. Wearable and smart devices can increase the accuracy of health information while promoting healthier behaviors in individuals using IoT technologies, leading to significant improvements in their health and reduced healthcare spending.
According to the Times of India, an India-based newspaper published in April 2022, the breakthrough of the IoT combined with the rapid digital transformation during the pandemic brought the figure from just a little over 200 million connected devices in India in 2019 of connected devices to over 2 billion by 2021. Therefore, increasing adoption of smart devices and wearables in healthcare is driving the Internet of Things (IoT) in the healthcare industry.
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The global Internet of Things (IoT) at the size of the healthcare market is expected to grow $130.26 billion in 2021 to $158.03 billion in 2022 at a compound annual growth rate (CAGR) of 21.3%. The global Internet of Things (IoT) market share in healthcare is expected to increase $354.66 billion in 2026 at a compound annual growth rate (CAGR) of 22.4%.
Technological advances are becoming increasingly popular The Internet of Things (IoT) in the healthcare market tendencies. Large companies operating in the IoT in the healthcare market are developing new technologies to strengthen their position in the market. For example, in November 2021, GE Healthcare, a US-based manufacturer of diagnostic imaging agents and radiopharmaceuticals…
