IoT Medical Devices to Reach USD 58.33 Billion by 2027 at a CAGR of 19.85% | Valuates Reports
Global revenue for IoT Medical Devices was valued at USD 16.25 Billion in 2020 and is expected to generate revenue of USD 58.33 Billion by end of 2027, growing at a CAGR of 19.85% between 2021 and 2027.
- Global revenue for IoT Medical Devices was valued at USD 16.25 Billion in 2020 and is expected to generate revenue of USD 58.33 Billion by end of 2027, growing at a CAGR of 19.85% between 2021 and 2027.
- This, in turn, is expected to fuel the growth of the IoT medical devices market.
- Advances in communication technologies, such as real-time data transmission, have improved patients' ability to manage chronic diseases and medication dosage, thereby fueling IoT medical devices' market growth.
- Furthermore, the IoT medical devices market is expanding as a result of a greater emphasis on patient-centered care delivery.