Global IoT Healthcare Market 2021: Top Industry Players, Growth Report to 2027

The global IoT healthcare market is anticipated to grow at a CAGR of 16.8% during the forecast period (2021-2027). The factors contributing to the growth of the market include the growing adoption of electronic healthcare records. For instance, according to the Journal of Medical Internet Research publications, the average adoption rates of electronic health of sampled hospitals in China increased from 18.6% to 85.3% from 2007 to 2018. Earlier the adoption rates were 6.1% in china that was 1500 hospitals as the country was facing major challenges of hospital digitalization.

Furthermore, the rising collaborations and partnerships among IT companies also drive the growth of the global IoT healthcare industry. For instance, in March 2018, Samsung and Royal Philips announced a strategic partnership in order to connect Samsung ARTIK smart IOT platform to Philips Health Suite Digital platform. This partnership allowed the Samsung ARTIK ecosystem to safely access and share information with Philips’s cloud platform. This collaboration enable the healthcare application developers to realizes interoperable connected health solutions with the help of integrated data sets and innovative health suite services.

Global Penicillin and Streptomycin Acid Market Report Segment

By Component

• Hardware
• Software & Services

By Application

• Patient Monitoring
• Telemedicine
• Connected Imaging
• Others

By End-User

• Hospitals & Clinics
• Clinical Research Organization
• Research Laboratories
• Others (Government organization)