The Internet of Things (IoT) is described as a network of physical devices that use connectivity to enable the exchange of data. The popularity of the Internet in the healthcare market has been increasing in recent years due to rapid technological advancements, increasing investment from leading players and its wide application in disease monitoring.
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The most important role of IoT as it relates to COVID-19 is likely to be one of prevention and helps to detect outbreaks before they reach mass scale. There are many launches and product development related to IoT in healthcare during Covid-19 such as mandated installation of connected thermometers in airports could be an IoT application. For instance, thermometer installation by Omdia to exceed 200 million units and is expected to reach nearly 420 million by the end of 2020. Further, according to the WHO, Kinsa Inc. from San Francisco has used data which are gathered from its more than one million connected thermometers. This thermometer produces daily maps identifying U.S. countries posting an increase in high fevers, which is the most common symptom of COVID-19. Therefore, the demand of the internet of things in healthcare market has uplifted in various applications of healthcare domain and offer opportunities for the manufacturers across the globe during the forecast period.
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based on application, the patient monitoring segment accounted for the largest growth in 2019, which is attributed to remote patient management and tele-health services. It is mainly used for the management of various chronic diseases such as diabetes, asthma, COPD, and others. However, drug development is expected to grow at the highest rate during the forecast period owing to improvement of supply chain efficiency by increasing visibility, reducing drugs shortages, curbing the usage of counterfeit drugs, and transparency with real-time information.
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Key Findings Of The Study
- By component, the devices segment accounted for the highest market share of 16.60% in 2019 and is anticipated to grow at the fastest rate during the forecast period.
- By region, North America was the major shareholder and accounted for the highest share of $55,271.90 million in 2019.
- Asia-Pacific is expected to grow at a CAGR of 17.40% during the forecast period.
- By end user, the healthcare providers segment dominated the market in 2019 and is anticipated to maintain its dominance during the forecast period.
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๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐ฅ๐จ๐ :
- South Korea BCG Vaccine Market is Expected to Register a Considerable Growth by 2030: https://southkoreahealthcarepress.blogspot.com/2022/09/south-korea-bcg-vaccine-market-is.html
- South Korea Proteomics Market Revenue Growth, Key Players, Qualitative & Quantitative Analysis: https://southkoreahealthcarepress.blogspot.com/2022/09/south-korea-proteomics-market-revenue.html
- Tattoo Removal Market Growth & Key Business Strategies In South Korea: https://southkoreahealthcarepress.blogspot.com/2022/09/tattoo-removal-market-growth-key.html
- South Korea Biosensor Market Top Industry Players, Key Developments, In-depth analysis in the Biosensors industry: https://southkoreahealthcarepress.blogspot.com/2022/07/south-korea-biosensor-market-top.html
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