The internet of things (IoT) technology has gained immense popularity in the recent times. The concept basically refers to the connection of devices, any device as long as it has an on and off switch, to internet and to other connected devices. In order for devices to be connected with internet or with other devices, they are integrated with built in sensors.
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The various network connected devices are patient monitoring devices, ingestible sensors, glucose monitors, X-ray imaging systems, insulin pumps, computed tomography scanners, blood processing devices, dialysis, coagulation testing, dialysis, oxygen tanks, continuous positive airway pressure machines, smart beds, infusion pumps, ventilators, and defibrillators. Because of the growing adoption of cloud technology in the healthcare sector and high cost of patient monitoring devices, their requirement was the highest in the past. Types of patient monitoring devices are weight monitoring devices, temperature monitoring devices, hemodynamic monitoring devices, multi-parameter monitoring devices, neuromonitoring devices, respiratory monitoring devices, and cardiac monitoring devices.
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North America is projected to create considerable growth for network connected medical devices in the coming years, which is primarily attributed to the developed healthcare infrastructure in the region. Because of an advanced healthcare infrastructure, the adoption of technologically innovative is growing in North America. Moreover, people are able to afford these services in the region. Other than this, technological advancements and increasing research activities is further predicted to drive the growth of the network connected medical devices market in the coming years.
Hence, the domain is witnessing growth because of advancements in the IoT technology.
