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Preparing Your Healthcare Organization for IoT Growth

The healthcare IoT is growing as organizations use connected medical devices to gain better insight into workflow operations and patient care.

The healthcare IoT is growing

Source: Thinkstock

By Elizabeth O'Dowd

- The healthcare industry is experiencing Internet of Things (IoT) growth and the market is expected to grow at a CAGR of 30 percent through 2022.  Organizations seek advanced technology to reduce healthcare costs and provide better patient care, according to a recent Research and Markets report.

The healthcare industry is seeing a significant rise in healthcare IoT solutions as connected medical devices become more advanced. The evolution of artificial intelligence technology, and the increasing penetration of connected devices in the healthcare industry are some of the major factors expected to drive the market, report authors stated.

The report predicted that the clinical research segment is expected to grow at the highest CAGR. Medical researchers are implementing IoT technology to collect better, more accurate data on patients and medical processes.