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1.8 Global Smart Healthcare Market

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It has been found that the four factors which demand the growth of smart healthcare operations are the following:

 Remote health monitoring for aged people

 Awareness about the importance of health and staying fit

 Increased use of wearable smart gadgets for monitoring health

 New business models based on smart healthcare systems

The global market growth is as shown in Figure 1.2. It has been estimated that the remote health monitoring will increase the global healthcare market by 24.55% by 2020. Increase in the use of ingestible smart pills will drive the market to 6.93 billion dollars by 2020 with a market growth of 23.62%. It has been estimated that the total market value of smart healthcare will be169.32 billion dollars by 2020.


Figure 1.2 Global market growth.

It has also been estimated that the use of robots along with IoTs will increase by 50% in the near future to assist in the healthcare daily activities. Globally, about 60% of the healthcare organizations have implemented IoT devices for their services and facility. This is a digital transformation era for the healthcare services.

Emerging Technologies for Healthcare

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