Global smart healthcare market forecast to grow at CAGR 25%

The global smart healthcare market is forecast to grow at a compound annual growth rate (CAGR) of almost 25 percent, according to the latest report by Technavio analysts.

The research study covers the present scenario and growth prospects of the global smart healthcare market for 2016-2020. In addition, the report discusses the major drivers that influence the growth of the global smart healthcare market.

Technavio ICT research analysts highlighted the following four factors that are contributing to the growth of the global smart healthcare market: Increased demand for remote monitoring of health conditions of aging population; increased consumer health consciousness; increased popularity of healthcare wearables among consumers; strategic alliances in smart healthcare market; and increased demand for remote monitoring of health conditions of aging population.

Abhishek Sharma, a lead M2M and connected devices research analyst at Technavio, said: “A product that is available in the market is Swan iCare, a smart wearable and independent pressure device to monitor the therapy wound. It is used basically for the remote management of diabetic foot and venous leg ulcer care.”