The e-health market will reach $ 400 billion in 2022

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Health is a future market for the Internet of Things. Wearables could be the solution to follow a patient in real time and find new treatments based on the data. The Grand View Research firm analyzes the market.

The global health sector will invest nearly $ 410 billion in IoT devices, software and services in 2022. In 2015, the market value was $ 46 billion. These estimates come from a new report from the research and consulting company Grand View Research.

The growth of IoT technologies in health will be driven by a variety of factors. These factors include the rising average age of the world's population because of a longer life expectancy, the higher prevalence of diseases like diabetes and obesity and the growing demand for solutions health monitoring and fitness. IoT technologies can help collect a lot of patient health data and then analyze it to improve monitoring and find new treatments for diseases.

Wearables represent the future of healthcare

To date, IoT devices for healthcare are dominated by wearables, which represent 60% of the smart health connected medical device market. The study predicts rapid growth for medical devices such as smart health connected pacemakers and implanted sensors. These allow monitoring of the patient in real time. The report says 73 million smart health connected health devices will be installed this year. In 2020, we should move to 161 million health facilities.

The majority of investments go to the IoT health software and solutions segment, while the rest goes to hardware. The software segment includes applications, the data management tools, the remote device management, thereanalysis and the security. These systems help healthcare providers and patients analyze and protect their data from IoT devices. The service segment includes back-end systems integration services, from advice, from maintenance and of support for IoT devices and software.

IoT software and healthcare services segment dominated by study, says study Microsoft, whitefish and IBM. This means that these companies hold a large share of the healthcare sector’s investment in all IoT technologies.

The health sector is the most promising area for the adoption of wearables. To date, wearables are most often used for activity monitoring and fitness. However, they show great potential for widespread adoption in the health sector.

In the near future, wearables will be the devices that will improve healthcare. There are many cases of wearable use in health. Apple, Google and Samsung are developing devices and platforms that will help bridge the gap between follow-up, fitness and current medical care.

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