Internet of Things ( IoT ) in the Healthcare Sector Market : Global Industry Analysis , Trends , Market Size and Forecasts up to 2023
The market size of internet of things in the healthcare sector is determined based on the top down approach . The market size is validated using primary interview with the participants working in some of the leading players in the internet of things in the healthcare sector market . The primary interview participants typically includes managers and CXO level executives of theleading players in this market . The primary interviews not only help identify the market size of the internet of things in the healthcare sector market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market . The views of primary respondents were reconciled to provide qualitative analysis of the internet of things in the healthcare sector market . The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market . The bottom-up approach is used to validate the global market size of internet of things in the healthcare sector . With the help of primary interviews and secondary research the market size of internet of things in the healthcare sector is determined for each country studied , which then is added to arrive at regional market size and thereby obtaining global market size . This in turn helps us to validate the market size of internet of things in the healthcare sector in the world market .
EXECUTIVE SUMMARY Global Internet of Things in the Healthcare Sector Market Market Highlights , ( USD Million )
The global internet of things in the healthcare sector market is expected to grow at a CAGR of X . X % between 2017 and 2023 in terms of value . Efficient remote health monitoring , reduction of patient ’ s hospital stay , increasing number of applications , advanced disease management systems , improvement in patient monitoring and better patient outcomes are the key driving factors for the growth of this market . In addition , rise in prevalence of chronic diseases , rise in base of aging population , growing preference for remote clinical monitoring , and introduction of large number of smart wearables into the market is further expected to boost the market growth in coming years . The technological advancements have streamlined and automated the critical practices of data collection , electronic record maintenance , and data analysis to enable fast and accurate healthcare treatments . For example , products such as fitness bands , smartglass wearables like google glass , NFC-
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