Healthcare Internet of Things Market To Grow at 11% CAGR to 2022

The global healthcare Internet of Things (IoT) market is forecast by Zion Market Research to increase at a robust 11 percent compound annual growth rate (CAGR), reaching $14.7 billion by 2022. Market growth will be fueled by continued implementation of connected diagnostic and therapeutic devices to detect disease and monitor and maintain patient health, the report noted. In developed countries, IoT has been successfully implemented in a variety of healthcare situations, such as remote monitoring of diabetes and asthma patients, as well as fitness and wellness devices. The IoT systems and software segment is expected to show the highest growth rate, increasing at a 12.6 percent CAGR through 2022. The remote patient monitoring segment is expected to post an 11.3 percent CAGR through the forecast period. At the same time, the professional service segment is expected to be the largest segment of IoT healthcare market, reaching a market value of $2 billion by end 2022.