Increasing awareness regarding health, lifestyle and fitness has significantly moved the market growth for smart wearable devices. Wearable devices are largely beneficial to track and monitor the health and activity of the user and provide real-time data regarding their health performance. Hence, such devices are beneficial for the physicians to prior diagnose the health related issues and provide proper medication in time that further prevent the loss of life. Beside, rising prevalence of chronic disease along with increasing penetration of smartphones and internet in almost every part of the world expected to further thrive the market growth. The Global Internet of Medical Things market is expected to grow at a CAGR of 18.5% from 2021-2027 to reach US$ 284.5 billion by 2027.
COVID-19 vaccines are the key to decreasing the effect of the pandemic around the world. Mass vaccination drives are being conducted across the globe through different vaccination drives; thus, connected technologies play an important role in the manufacture and supply of vaccines. The Smart Fridge by Weka is a classic innovation. These refrigerators use IoT to allow remote monitoring of vaccines and ensures that the vaccines are stored at the right temperature. These factors will play a crucial role in increasing the growth rate of the Internet of Things in healthcare market.
IoT in healthcare is not only limited to devices, the technology is making a great impact on emergency services as well. Ambulances plays a major role in providing emergency services. These ambulances, if connected with the IoT can assist in addressing the issues of the patients with utmost care. These IoT- enabled ambulances are connected to remote consultation rooms. It enables the paramedics to consult patients remotely and diagnose their problems immediately without wasting any time.
The immense use of connected technologies like IoT has resulted in amazing innovations.