The global wearable medical devices market is slated to reach $10 billion by 2023—up from $2.7 billion in 2014—according to a new report by Transparency Market Research. Based on devices type, the wearable vital signs segment is expected to hold the largest share of the market during the forecast period, researchers reveal.
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The global Internet of things (IoT) healthcare market is expected to reach $267.6 billion by 2023, according to a new study by P&S Market Research. The market is mainly driven by the growing need for remote patient monitoring services, the heightened demand for advanced healthcare information systems, and more.
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Cloud computing provides the flexibility and potential for reduced costs that healthcare organizations need for storing and analyzing the voluminous amount of varied digital data they generate.
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According to a new study by ReportBuyer, the global infusion pump market was estimated to be worth $8.1 billion in 2016 and is expected to surge to more than $14.7 billion by 2025. The rise in the geriatric population, along with the increased prevalence of chronic diseases, is expected to boost demand for infusion pumps and drive the global market toward rapid growth.
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The U.S. FDA has permitted marketing of the first medical device to use artificial intelligence to detect greater than a mild level of the eye disease diabetic retinopathy. In fact, the product, called IDx-DR, is the first device authorized for marketing that provides a screening decision without the need for a clinician to also interpret the image or results.
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