IoT in Healthcare - Next Evolution of the Internet Changing Everything

[Albert Morris]

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Indeed, China is expected to be one of the prime countries to extend healthcare tourism services, the strong prospect of Chinese growth in medical tourism is expected to influence the global medical tourism market to reach 9.93 billion 2017 with an impressive growth of XX% since 2014. China and India being the first and third fastest growing economy in the world. With the rise in economy of these countries, the living standard of people is also increasing attributed to the increase in per capita income and spending capability. As the region is growing, the demand for quality healthcare is propelling resulting in the investments from both multinational as well as local healthcare companies. China healthcare spending is increasing significantly over last few years, the average rate at which healthcare spending of the country is expected to rise 11.8% between 2014 and 2018. Some of the key factors influencing this growth are increasing per capita income and government initiations with respect to public health reforms. Apart from these, the country`s healthcare sector growth is highly influenced by medical tourism which is driven by decreasing medical service cost and liberal government policies, standard of expertise and advancing technologies such as IoT in healthcare. IoT in healthcare is expected change the dimension of medical tourism enabling patients across the globe to be connected with surgeons and treatment centers from different locations, “connected devices to connected hospitals” will balance the medication differences despite of patient changing the location.