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› Forums › General › News (General) › Future Growth of Smart Healthcare Products Market Estimated to Grow 9.3% CAGR | Forecast till 2026
Tagged: Health_V7, MarketRes_G16
#News(General) [ via IoTForIndiaGroup ]
According to statistics provided by the Pew Research Centre in 2016, around 72% population of the U.S. has smartphone access, around 59% of Chinese population and around 45% of Indian population carries smartphone. The number of internet users in India is expected to reach 450-465 million by 2020, as per estimation of the Internet and Mobile Association of India in 2017.
Key players are engaged in the launching innovative digital health platform for better efficiency of healthcare operations and expansion of market. For instance, in March 2018, Allscripts Healthcare Solutions launched new Electronic Health Record (EHR) system named Avenel, at the annual Healthcare Information and Management Systems Society (HIMSS) conference at Las Vegas in the U.S.
This is important impetus for market growth as digital pill, RFID systems are technology driven and smart phone aids their operations which would help propel market for smart healthcare products. Furthermore, advancements in technology such as internet of things is expected to create lucrative growth opportunities for smart healthcare products market.