The global IoT in healthcare market is expected to reach USD 390.2 billion by 2031 with a CAGR of 16.4% during the forecast period. Key players in this market include Cisco Systems, Inc., IBM Corporation, GE Healthcare, and Microsoft Corporation. The market is driven by factors such as the utilization of data analytics and predictive insights, increased use of wearable devices, adoption of blockchain for data security, and integration of AI and IoT. Other factors contributing to market growth include the rapid advancement of IoT technologies, rising demand for remote patient monitoring, and improved patient outcomes and quality of care.
