The World Internet of Things (IoT) in Healthcare Market research report provides insight on latest trends and opportunities in the market. Market trends and forecasts to year 2021 have been included in the report. Topics covered in the report include CXO perspective; Top investment pockets; Top winning strategies; Porters five forces analysis; Regulatory scenario which includes: HIPAA, HITECH Act, Affordable Care Act, FDASIA, The MedTech Act and European Standards Organizations as well as latest development in IoT technology in healthcare. Information on key market drivers and restraints have also been included in the report. It provides details on market segmentation and major companies.
Internet of things (IoT), comprising components such as devices, network connectivity, electronics system and software, is basically the networking of connected devices or things to transmit the data between them without human intervention. Internet of thing technology, has the potential to revolutionize the traditional paper based healthcare treatment through access of real time patient data and remote patient monitoring. The emergence of this digital healthcare technology, has addressed the impending need for better diagnostics and targeted therapeutic tools. Moreover, it not only provides remote patient monitoring to physicians, but also works as a fitness and wellness tracker for athletes and a dose reminder for patients. Successful implication of IoT in remote monitoring of diabetes & asthma patients, coupled with high penetration of fitness and wellness devices, has created a high demand of Internet of Things in healthcare industry.
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The world internet of things in healthcare market, is expected to register considerable growth during the forecast period. The market was evaluated at $60.4 billion in 2014, and is estimated to garner $136.8 billion by 2021, registering a CAGR of 12.5% over the forecast period. This is attributed to technological advancements, rising incidence rates of chronic diseases, growing demand for cost-effective treatment and disease management, better accessibility of high speed internet, implementation of favorable government regulatory policies and collaboration of top IT companies with healthcare majors. Furthermore, availability of customer friendly devices, increasing need for stringent regulations and decreasing rate of sensor technology are also expected to fuel the growth of the market. However, factors such as high costs associated with IoT infrastructure development, data privacy and security issues, lack of awareness among public in developing regions and limited technical knowledge are likely to impede the market growth. Various factors such as improvement in healthcare infrastructure in developing countries, government initiatives to support IoT platform, high R&D spending, are expected to boost the growth of the market.
Details, Important M&A Deals, Key Strategies, Performances, SWOT analysis of following companies have been included in the report:
- Apple Inc.
- Cisco Systems Inc.
- GE Healthcare Ltd.
- Google (Alphabet)
- International Business Machines Corporation
- Medtronic PLC
- Microsoft Corporation
- Qualcomm Life Inc.
- Proteus Digital Health
- Koninklijke Philips N.V.
- Jude Medical Inc.
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Key Segments of the World Internet of Things in Healthcare Market included in the report:
Market by Component:
- A) Implantable Sensor Devices
- B) Wearable Sensor Devices
- C) Others Sensor Devices
- System and Software
- A) Network Layer
- B) Database Layer
- C) Analytics Layer
- A) Architecture (System integration)
- B) Consulting
- C) Application Development (support and maintenance)
Market by Application:
- Patient Monitoring
- Clinical Operation and Workflow Optimization
- Clinical Imaging
- Fitness and Wellness Measurement
- Drug Development
Market by End-user:
- Healthcare Providers
- Healthcare Payers
- Research Laboratories (biotech/pharma)
- Government Authority
Market by Geography:
- North America
- United States
- United Kingdom
- Latin America
- Middle East
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Key Benefits for Stakeholders:
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided in the report.
- The study provides an in-depth analysis of the IoT healthcare market with current and future trends to elucidate the imminent investment pockets in the market.
- The report provides a quantitative analysis through 2014-2021, which would enable the stakeholders to capitalize on prevailing market opportunities.
- Extensive analysis of the internet of things in healthcare market, by component, helps in understanding the components of the internet of things that are currently used along with the variants which would gain prominence in future.
- Competitive intelligence, among top players helps in understanding the competitive scenario across geographies.
- SWOT analysis highlights the internal environment of leading companies for effective strategy formulation.
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