Internet of Medical Things (IoMT) Market is anticipated to reach USD 142.45 billion by 2026, with a CAGR of 28.9%
The global “ Internet of Medical Things Market ” is anticipated to reach USD 142.45 billion by 2026, with a CAGR of 28.9%, on account of the increasing prevalence of chronic diseases. This, coupled with the improving healthcare infrastructure and facilities worldwide, is primarily contributing to the growth of the market. Internet of medical things consists of a system of interrelated devices that are either connected to each other or with an external network. These devices are capable of sharing information amongst themselves with the help of internet connectivity. The advent of technological advancement in medical devices, coupled with the rise in disposable incomes of people, is anticipated to help increase the popularity of smart medical devices, ultimately boosting the Internet of Medical Things market growth. According to a recent study by Fortune Business Insights™ titled, “Internet of Medical Things (IoMT) Market Size, Share & Industry Analysis, By Product Type (Stationar...