bigmarketresearch.com include new market research report “World Internet of Things in healthcare Market – Opportunities and Forecasts, 2014 -2021”
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 world internet of things in healthcare market, is expected to register considerable growth during the forecast period, 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.
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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.
The world internet of things in healthcare 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. The report segments the Iot healthcare market on the basis of component, application, end-user and geography. On the basis of component, the market is segmented into devices, system and software and services. The devices segment is further sub-segmented into implantable sensor devices, wearable sensor devices and other sensor devices. System and software segment is further categorized into network layer, database layer and analytics layer. Whereas, services segment covers architecture, consulting and application development services.
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