IoT Healthcare Market earned USD 85.4 billion in 2021 and expected to reach USD 395 billion in 2029

Gmi Research21 Mar, 2023Business

IoT Healthcare Market size was valued around USD 85.4 billion in 2021 and forecast to touch USD 395 billion in 2029, expanding at a CAGR of 21.1% over the period 2022-2029 attributed to integration of Artificial Intelligence (AI) with IoT devices in healthcare industry. IoT healthcare market is primarily driven by surge in the demand for wearable devices, growing usage of healthcare information systems, rising adoption of connected devices in the healthcare industry and rapid growth in high-speed network technologies for IoT connectivity.