- What you need to know...
- The global healthcare industry is worth $8 trillion with US spending being the highest – 30% higher than the second biggest spender Switzerland.
- New companies entering the healthcare industry are consumer-savvy and add advanced technologies.
- GlobalData expects the global IoT devices market in the healthcare sector to grow at a Compound Annual Growth Rate of 47.3% to reach over $500M by 2020.
- New technology means the future of healthcare will focus on precision medicine and customization of healthcare for the individual.
The Internet of Things will shake up healthcare
Healthcare services will continue to be delivered mainly by insurers, pharmacies and hospitals. Technological developments could add tech companies to this list e.g. app developers.
The Internet of Medical Things is the umbrella term for the growing networks or biosensors, mobile devices and apps competing with Big Healthcare. The key trends expected to change the Medtech industry are genomics, mobile health, health IT systems, robotics, VR and 3D printing.
In this report we provide analysis, insights and case studies so you can understand the impact these trends will have on your business and the industry as a whole.