The Connected Healthcare M2M market in the U.S. is expected to grow at a CAGR of almost 29% from 2015 to 2019. The latest market study by Technavio emphasizes remote IoT patient monitoring, an application through which physicians can monitor the health of patients from remote locations.
As the cost of healthcare rises and leaders address the challenges posed by aging populations, greater focus must be placed upon preventive care and providing assistance within the home — essentially creating the environment for managed aging-in-place.
Consolidation continues across the key sectors of the digital technology markets within America. According to the latest market study report from PwC, the second quarter (Q2) 2015 deal value reached $76 billion — that’s compared to $39 billion in the first quarter (Q1) 2015.
The International M2M Council (IMC) trade association announced that it has amassed over 10,000 members in just 18 months of operations, almost entirely comprised of individual OEMs, enterprise users, and applications developers that buy IoT solutions. IMC members currently come from eight vertical markets.
Consumer wearable devices targeting health and fitness applications have already demonstrated some promising early-adopter use-cases. Moreover, advancements in neuroscience technology research have several manufacturers preparing to launch Brain-to-Machine Interface (BMI) enabled products.