IoT-Enabled Medical Devices Market to Grow at 29.9 Per cent by 2023

The diagnostic and wearable medical devices companies are increasingly incorporating Bluetooth wireless technology into the medical devices

HHIOTThe global Internet of Things (IoT)-enabled healthcare equipment market is likely to grow at a rate of 29.9 per cent by 2023, according to a new report by The Business Research Company.

Citing the reason for such a rapid growth, the report states that due to rising incidence of diseases such as cancer, Parkinson’s and other chronic ailments, among the ageing population, are likely to increase the demand for IoT-enabled diagnosis equipment and wearable devices, for monitoring and diagnosing medical conditions of the patients.

Integrating Bluetooth technology

The diagnostic and wearable medical devices companies are increasingly incorporating Bluetooth wireless technology into the medical devices. Bluetooth connectivity technology is being utilised for monitoring glucose, coagulation monitoring and inhalers or implants, the report mentions.

These medical devices, equipped with Bluetooth technology, are also used as insulin delivery systems for monitoring glucose levels as well as for dose adjustments.

The wearable medical devices comprise of insulin pumps for diabetes monitoring, cardioverter defibrillators, skin patches and other devices, such as activity trackers and smart watches that produce data for clinicians to monitor.

In addition, the IoT healthcare devices market is likely to be driven by digitisation. Digitisation in acute or chronic care is mostly helped by IoT-enabled medical devices like subcutaneous drug delivery units, vitals monitoring equipment and continuous glucose monitors.

The advent of digital enterprises such as Apple and Google in the consumer health segment has also led to creation of new opportunities and innovations for medical devices organisations.

LEAVE A REPLY

Please enter your comment!
Please enter your name here