The medical industry is changing rapidly today. Digital healthcare applications allow patients to schedule their appointments without the industry list need to visit a doctor's office and wait for a receptionist to attend. Healthcare information technology allows doctors to carry industry list nformation with them wherever they go with the help of apps on their smartphones. In addition, this increasing connectivity reveals no signs of slowing down because it is only accelerating.
The global Internet of Things (IoMT) market is projected to expand to an estimated $ 158 billion in 2022, up from $ 41 billion in 2017. (Reference link: Healthcaredive.com ) The business model of this medical materials industry has also shown industry list explosive growth, with some major changes. This growth in the global IoT healthcare market is largely related to factors such as the growing need for cost containment in healthcare delivery, the increased penetration of smartphones plus the industry list increasing adoption of high-speed networking technologies, an increasing focus towards care delivery patient-centered, and various other digital health initiatives around the globe.
But a number of factors such as the high cost of IoT infrastructure deployment and cost of ownership, and a shortage of IT professionals across industry list healthcare companies are expected to limit market growth. Moreover, an increasing focus on telehealth technologies will be a growth opportunity for this market. About 80% of medical organizations realize that medical networking is the industry list most significant growth opportunity for the future, and about 45% believe that collaboration with strategic partners is needed. In fact, for medical IT solutions merchants, the next decade would be an opportunity for their growth.