www.medgadget.com : Smart healthcare is a rising field in medicine and has picked up speed due to the benefits it imparts to the patients as well as the healthcare dispensers. Due to its quite literally vital nature, the healthcare industry has always stressed on improving the technological sophistication of the process and devices used in medical procedures, and smart healthcare products are the latest in a long line of progressively more advanced healthcare products. The innovation of smart healthcare products owes a lot to the intensive R&D into the Internet of Things carried out by various technology giants across the world, which has enabled the creation of several remotely operable and connected smart healthcare products.
According to Transparency Market Research, a leading market intelligence firm, the global smart healthcare products market is expected to reach an overall valuation of US$57.8 bn by 2023, exhibiting a robust 8.84% CAGR from 2015 to 2023. The market was valued at US$29.4 bn in 2015. The extensive focus put on R&D in the healthcare sector is expected to massively help the global smart healthcare products market in the coming years. Healthcare IT helps physicians and hospitals streamline their workflow and arrange patient information in an easily accessible and shareable manner. This allows doctors to not only get a complete picture of a patient’s medical history, but also to share medical information with other doctors.