Medical IoT Growth Projected at IoT Evolution Expo
The growth comes with some challenges as more personal devices are connected and sending data to the cloud
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The connected medical device market is growing and is projected to reach $447 billion by 2026, according to research presented at the IoT Evolution Expo in Fort Lauderdale, Florida, this week.
The Medical Internet of Things (MIoT) is forecast to grow 32% by 2026, according to the research by Joel Maloff, professor at Colorado Technical University and former chief compliance officer of Phone.com.
With the growth comes some challenges as more personal devices, such as pacemakers, implantable insulin pumps and pacemakers, are connected and sending data to the cloud.
“The health care portion of IoT is booming, but there are risks associated with it,” said Maloff, who conducted the study