Emerging technologies like Artificial Intelligence, IoT (Internet of Things), etc, are transforming the healthcare sector and making it more efficient. From early stage detection of diseases to remote monitoring of a patient, these new age technologies, especially connected technology, have been paving the way towards digitization for the healthcare industry. The sector has immensely benefited by the emergence of connected technology. According to the market reports, the global market for IoT in the healthcare sector will reach USD 322.77 billion by 2025. The technology primarily utilized in monitoring, reading, pattern observation and patient notification in the event of an abnormality. It also used in informed decision-making and risk monitoring.
The Global IoT in Healthcare Market is largely driven by the rising adoption of connected technology in health systems for operational workflow management and for clinical tasks. With this technology, market players can create a platform to inform system downtime in the future by automatically alerting them. To make their position and gaining market traction, major players in the global IoT in the healthcare market are expected to distribute their resources into research and development. Most of the vendors are also reportedly seen focusing on strategic partnership with other companies in order to maintain their market status. The vendors are also focusing on inpatient monitoring solutions to gain high revenue in this market. In this point, GE Healthcare recently released a wide product portfolio for patient monitoring, which includes patient monitors, cuff accessories, care ports, and networking.
By using connected technologies, huge amounts of data could be sent to users over long distances with a safer, more efficient, and faster remote monitoring connectivity solution. This kind of technologies also boosts the portability, usability, and diversity of medical devices connected to it. The global healthcare IoT (Internet of Things) should enhance technological enhancements in communication and interconnectedness in the coming years.