UK IoT in Healthcare Market Size, Share, Trends & Forecast 2019-2025


Poojamakkhar1029

Uploaded on Mar 12, 2020

UK IoT in Healthcare market is expected to witness a significant growth with the CAGR of 22% during the forecast period. Use of IoT in Healthcare allows enhanced drug management. As the healthcare industry faces numerous challenges to compete with the high expense of creating and managing drugs, IoT is the major breakthrough for it. The average cost of developing an approved drug to be around 55 million along with a multi-billion-dollar fraudulent drug industry to add to the trouble. Additionally, this technology might help drug companies and healthcare providers to mollify their risks as well as losses.

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