A recently released report from Business Insider predicts that the Internet of Medical Things (IoMT) market is expected to grow to an estimated $158 billion in the year 2022. This estimate represents a massive leap from the $41 billion valuation that was reported in 2017.

The report follows up on previous research that was published by Business Insider back in June of 2019, when analysts estimated that the install base of IoT devices in healthcare will reach more than 161 million units by the end of 2020, supporting a widespread belief that the trend towards increased IoT adoption is unlikely to abate any time soon.

IoT devices both in and out of hospitals have become permanent fixtures of the healthcare industry, enabling stakeholders ranging from medical professionals to insurance providers to collect more critical data that assists their ability to make smarter decisions.

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By IoT News

04 March 2020, 11:11 a.m