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Smart Healthcare – Technavio Publishes Top Market Drivers and Trends

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tecby Angela Guess

A recent press release reports, “Technavio analysts forecast the global smart healthcare market to grow at a CAGR of almost 25% during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global smart healthcare marketfor 2016-2020. In addition, the report discusses the major drivers that influence the growth of the global smart healthcare market. Most wearable healthcare devices function on GPS, wireless networks, and M2M technology. Therefore, the battery life of these devices is very low because of their high-power consumption. This also affects the durability of these devices and, therefore, has the potential to affect the demand for smart wearable healthcare devices in the coming years, which will have a direct impact on the market.”

The release continues, “Technavio ICT research analysts highlight the following four factors that are contributing to the growth of the global smart healthcare market: Increased demand for remote monitoring of health conditions of aging population; Increased consumer health consciousness; Increased popularity of healthcare wearables among consumers; Strategic alliances in smart healthcare market; Increased demand for remote monitoring of health conditions of aging population. Smart healthcare products provide an essential part of the solution to provide healthcare to the population. Smart healthcare products with embedded technologies, such as communication technology, sensor technology, and data analysis techniques, monitor an elderly person physically for the diagnosis and ongoing treatment of cardiovascular, neurological, and pulmonary diseases.”

Read more at Business Wire.

Photo credit: Technavio

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