The global IoT healthcare market is expected to reach $163.24 billion by 2020, up from $32.47 billion in 2015, according to a Research and Markets report.
Here are three takeaways:
1. The decreased costs of care, increased demand for better healthcare and evolution of speed networking technologies will drive the market.
2. North America dominates the market and Asia Pacific will experience the most growth to 2020.
3. Cisco Systems, GE Healthcare, Honeywell Life Care Solutions, IBM, Medtronic, Microsoft, Philips, Qualcomm Life, SAP SE and Stanley Healthcare lead the market.