10. IoMT market will soon be worth $142.45 billion
The internet of medicine is growing. It’s predicted that the IoMT (Internet of Medical Things) market will be worth $142.45 billion by 2026.
These days, everyone wants data, statistics, and real-time analysis. Companies like Deloitte and MedTech are using this to their advantage.
The Internet of Medical Things describes physical objects embedded with sensors, trackers, or other technologies with the ability to connect to the internet.
The predicted growth rate of the IoMT is 28.9% from 2021, surpassing a shocking $142 billion by 2026. This is partly on account of preventing chronic diseases and worldwide pandemics.
Nevertheless, it has the potential to lower the price of operational and clinical wastefulness by $100 billion per year. More than half of physicians (64%) believe it can help make things easier for medical staff.
The overall IoT (Internet of Things) is expected to grow to a whopping $1319.08 billion by 2026. This means the medical industry will make up over 10% of the total IoT market.