Popularity of Connected Devices to Drive Internet of Things Healthcare Market

The IoT healthcare market is projected to reach $267.6 billion by 2023, compared to 2017 figures of $56.1 billion, advancing at a 30.2% CAGR during the forecast period (2018–2023). IoT healthcare is the integration of this technology in the healthcare system to collect the data generated across multiple access points. IoT in healthcare is used in various applications, such as telemedicine, connected imaging, medication management, clinical operations, and inpatient monitoring.

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