Global IoT Medical Devices Market Insights, Size and Growth Forecast To 2027
The global IoT medical devices market is expected to grow at a CAGR of ~26.7% from 2020 to reach ~107.8 billion by 2027. The growth is primarily attributed to government initiatives, rising awareness for digital health, growing focus on patient centric healthcare delivery and need for reducing healthcare expenses. However, high cost of interoperability, IT support and maintenance services is expected to hinder the growth of the market. High security risk of patient data also offers significant challenge. Whereas, low doctor-to-patient ratio in many countries across the globe can provide with growth opportunities owing to increased dependency on self-operated eHealth platforms. By Product: The vital signs monitor segment to grow at highest CAGR Based on product type, the IoT medical devices market is segmented into vital signs monitoring devices, imaging systems, respiratory devices, implantable cardiac devices, patient monitors, infusion pumps, fetal monitoring devic...