IoT Healthcare Market Expected to Reach 163.24 Billion USD by 2020

Pune, India -- (SBWIRE) -- 02/09/2016 -- According to a new market research report "IoT Healthcare Market by Components (Medical Device, System and Software, Service, and Connectivity Technology), Application (Telemedicine, Workflow Management, Connected Imaging, Medication Management), End-User - Global Forecast to 2020", the global IoT in healthcare market is expected to grow from USD 32.47 Billion in 2015 to USD 163.24 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 38.1% during the forecast period. In the current scenario, North America is expected to be the largest market on the basis of market size and technological advancements.