TechRepublic August 14, 2020
N.F. Mendoza

A new report says the promising global IoT healthcare market is expected to jump up in five years, from 2020’s $72.5 billion.

The global Internet of Things (IoT) healthcare market is projected to grow nearly 39% from this year’s $72.5 billion to a 2025 estimated projection of $188.2 billion, at a Compound Annual Growth Rate (CAGR) during the forecast period.

The IoT in the healthcare market is driven by an advancement in technology, coupled with rising demand for self-health management service and rise of digitalization, as well as an increase in the overall level of connectivity and innovations taking place in the modern healthcare ecosystem, according to a new report added to ResearchAndMarkets.com and conducted in July.

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