It is no secret that with the ever-increasing population and the fact that people are living longer, we are seeing a growing incidence of chronic diseases. Add all of this to the unexpected burden recently placed on hospitals and clinics from the effects of the COVID-19 pandemic, and it is easy to see how important it is to have a patient’s data available in real time for the right intervention and best treatment.
The ability to better capture this growing amount of patient data, combined with the urgency to improve patient outcomes, is accelerating the pace of adoption of IoT medical devices in hospitals and clinics. The need to collect, merge, and analyze this data to provide more proactive patient treatment has become the driving force behind the mission to connect all of these devices.
According to MarketsandMarkets, the global IoT medical devices market is projected to reach $63.43 billion by 2023. MarketsandMarkets states that the drivers behind this market are: